Why do people blame Obama for our economic situation, when our whole economic system is to blame?

And why do people think that the president has god- like powers over the economy? Presidents probably have the least control over the economy of any major government player. The belief that presidents deserve blame for recessions or credit for recoveries is an economic myth. A very popular myth, to be sure, but... show more And why do people think that the president has god- like powers over the economy? Presidents probably have the least control over the economy of any major government player. The belief that presidents deserve blame for recessions or credit for recoveries is an economic myth. A very popular myth, to be sure, but one that no mainstream economist takes seriously. When it comes to the economy, presidents are at the mercy of the business cycle. There are tools to influence the business cycle, but the President has almost no control over them. At least in economic terms, the most powerful person in the United States is the Chairman of the Federal Reserve Board.

It's clear that our economic system isn't working. The gap between the rich and the poor is bigger than it's been in decades. The richest .01% have seen their income quadruple in the last 30-40 years, while the wages of the vast majority of the population has stagnated or decreased. Stockpiles of medicine are destroyed because they can't be sold at a profit while there is sick people. Entire crops of food are burned to keep food prices artificially high so food producers can keep making a lot of profit, while there's starving people. The people who own the products of our labor squander it on wars and bank bailouts. Capitalism inevitably leads to crony Capitalism/State Capitalism/Corporatism. Since the late 1920s, government has gotten bigger. The size of government is directly proportional to the number of times the market has failed, and they have failed a lot. Right now, big government intervention is the only thing keeping the system alive, in the form of the biggest transfer of wealth ever, bailouts. If it wasn't for "big government" curbing the excesses of self interest, the markets, and making sure the public interest is served, people would have grown fed up with Capitalism decades ago, and we would have already had a worker revolution. So, do we need to throw out our system of state Capitalism/Corporatism and replace it with a new better system, or do you like things just the way they are?
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