I feel it's time to dispell the the greatest misconception of our modern political system. Namely, that the President has some control over the economy. Bush and Kerry are both making this a core issue in their bids for election, and I think it's time that "we the people" understand how politicians invent issues and promise to fix them. First, the President controls fiscal policy. That is how much money will be spent on this or that. Also, the budgets for programs are ultimately guided by the president. "How much should we spend on education, defense, etc," However, it is the Federal Reserve that controls monetary policy. The FED, for those who don't know, is controlled by a Board of Governers. The current chair of the BoG is Alan Greenspan. The FED is a group of economists that are divided equally between Democrats and Republicans. Every six weeks the FED meets to discuss the monetary policy of our nation, other nations, and the new dynamic created by ever changing markets. Then, by analyzing the strength of American markets in respect to world markets, the FED makes decisions to "steer" our economy (on the macro level) forward. What the FED decides in one meeting is not reported until the close of the following meeting. What does this mean for us??? Well, for one it means that Bush and Kerry are not capable of "curbing unemployment", "reducing inflation", or anything like that. They are not capable of spurring higher values of the US dollar. They can't make US products cheaper overseas, or do anything about the move to farm-out cheap labor overseas. But, they both claim to be able to make our economy stronger, add new jobs, and squelch cost of living increases. LIARS!!! It's not possible for them to do. They can make taxes higher or lower, but this only helps/hurts, not steers. So, why do we put up with this lying??? Got me. I can't stand it. It's like both of them are lying through their teeth to take advantage of the ignorant American who believes the the Oval Office has "magic economy levers". An example: "It's the economy, stupid. I promise to create 8 million new jobs as President" The average under any president is 1.8+ million new jobs per year. "My tax cuts put money in the pockets of American's that paid taxes, and that ended a recission" In fact, you didn't cause the recession. 911 did. And you can't stop it. We are the economy, not you. Sorry it's long. Thoughts???