Naming Ben S. Bernanke, to replace Alan Greenspan as Federal Reserve Chairman our President just did most of what a President does in regards to our economy. While people blame the number of jobs, housing, prices and a ton of other economic related things on the President. The person who really has the most impact if any over all of those things is the Federal Reserve Chairman! Just by changing interest rates he controls how affordable a home mortgage might be, college student loan rates and a host of other economic indicators. The President does not control the economy! The economy moves separate from government for the most part, although things like war can influence markets. But the moves of the Federal Reserve Chairman influence the markets a great deal! And once appointed he moves independent of the President! Stocks have not been doing as well as company earnings on average, because Alan Greenspan kept raising interest rates. Will Ben S. Bernanke do the same? We will soon find out!

People call this the “Bush economy”, but since 1987 we’ve really been living in the Reagan economy during both good and bad times. (That is, if a President must be connected with it.) Since that is when he appointed Alan Greenspan. No President since has seen a need to make a change. So I say, long live the start of the Bush economy .