Tuesday, September 26, 2006

The Omnipotent POTUS

Some Americans don't understand the limits of Presidential power in a market economy:
According to a new Gallup poll, 42 percent of respondents agreed with the statement that the Bush administration "deliberately manipulated the price of gasoline so that it would decrease before this fall's elections."...Almost two-thirds of those who suspect President Bush intervened to bring down energy prices before Election Day are registered Democrats, according to Gallup.
From yesterday's Washington Post.

I take this as further evidence that we need better and more widespread economics education.