As far as I can tell, Obama has been basically ignoring the economy as much as he can get away with. Especially the parts of it he directly controls, like who'

As far as I can tell, Obama has been basically ignoring the economy as much as he can get away with. Especially the parts of it he directly controls, like who's on the Fed's Board of Governors (where it took him a year to get around to even nominating anyone for the two positions that were empty at the start of his first term). As a result, during the most critical part of the recession the FOMC was made up of 5 regional bank presidents and 5 appointed governors, instead of the 7 appointed governors it should have had, and therefore Fed policy was much more strongly biased towards the bank presidents than it should have been. The rest of your analysis is about right, though. > No other party matters And both of the incumbent parties write legislation to make sure it stays that way...