# The President and the Economy.

**URL:** <https://boards.straightdope.com/t/the-president-and-the-economy/821382>\
**Category:** Great Debates\
**Created:** [September 15, 2018, 7:01am UTC](https://boards.straightdope.com/t/the-president-and-the-economy/821382 "2018-09-15T07:01:35Z")\
**Posts on this page:** 1\
**Page:** 2

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**Author:** ![Akaj](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/akaj/32/145_2.png) [@Akaj](https://boards.straightdope.com/u/Akaj)\
**Post date:** [September 20, 2018, 7:24pm UTC](https://boards.straightdope.com/t/the-president-and-the-economy/821382/21 "2018-09-20T19:24:47Z")

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> [@Icarus](#):
>
> IMHO the perception of how the economy is doing is more important that how it is actually doing. Barring a stock market crash, massive layoffs, and and actual bread-line depression, people really don’t know how the economy is doing and rely on leaders telling them.

Reminds me of the old saw:

What’s the difference between a slowdown and a recession?

When your neighbor loses his job, it’s a slowdown. When _you_ lose your job, it’s a recession.

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