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whaples.robert

Do Obama (and Other Politicians) Deserve so Much Blame?: “While politicians (especially presidential candidates) often act as if all our economic troubles can be laid at the feet of their opponents, while they will miraculously solve all our ills, it is important to realize that economic growth and unemployment trends are determined by the decisions and interactions of billions of individuals around the globe,” Wake Forest University Economics Professor Robert Whaples said in an online interview. “Elected officials and central bankers can take some actions that will influence economic confidence and boost spending, but these tools take time to work and often have disappointing results.”

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