Can any President of any country fix the economy or is it a cyclical expectation?

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Originally Posted by Ryan Ashbrook

We really need reputation or the Thanks mod here.

Anyway, the Economic Crisis is cyclical. It's happened before, we're due.

Though, Danny has a point, I wish the government would force these companies to be more transparent with how they are spending the bail out money. So far I've not heard a single thing about how it's being spent, just that they have it.

AIG sent their top executives to a 500k a weekend resort the weekend after being bailed out

Bank of Amercia bought Merill Lynch, then got a huge bailout once, and just got another 20B the other day (http://www.msnbc.msn.com/id/26708958/)

PNC bank got a little bail out money (if you consider 7.5+ Billion little :erm and bought another bank National City (also a failing adventure)

Lets not forget about giving GM/GMAC some, which still says it will be in bankruptcy by the end of march, meaning it can't pay back what it already borrowed.

Lets not forget the feds in all this glorious disaster. Alan Greenspan and Ben Bernanke, who are both about as useful to the economy as my grandma at a swinger party.

So cliff notes: Companies take Americans money to run and operate, companies all fail, declare imminent doom. Companies then take Americans money again with the assistance of the federal government, while the Americans still have to pay their mortgages, credit cards, and loans off to those same companies who received money from feds. Those comapnies in an attempt to payback government loans are raising interest rates, and increasing fee's for guess who, the American people to repay their own money back to the government....

Any questions on why this won't ever work?