How much power does the U.S. President really have? In this election year, Dr. Gene Stanaland, president of GSE, Inc. and ERE Expo keynote conference speaker, says you really have to understand the power of the presidency, because most legislation gets revised by Congress and rarely resembles its initial form when it’s finally passed. So Stanaland says don’t vote for a candidate based on what they pledge to accomplish during their term, because they really don’t have control over what gets done. Instead, select your ideal candidate based upon his or her leadership abilities and character, because legislation always starts out as a pig, but ends up as sausage.
It’s all politics. It’s the motivation behind everything that gets done or doesn’t get done in Washington D.C. So according to Stanaland, the best way to predict what will actually be accomplished during the next presidential term is to understand how the politics will influence the decisions that are made and study the language used by politicians. As an example, Stanaland says cutting the deficit is not the same as merely reducing the projected deficit increase. The lesson: Never underestimate the influencing power of groups like the AARP and learn the language of Washington, if you want to really predict how our elected officials will act on certain issues.
Moody’s says we’ve been in a recession since December; we’ll be out by June. Stanaland says that much of the current economic data is characteristic of a recession, especially the consumer confidence index ratings, yet the actual numbers may not match the level of consumer fear and the recession conclusion reached by most of the mainstream media. To understand our current economic situation, he says you first need to understand what originated the problems. Our current economic problems are linked to “liar loans” where no documentation was required to qualify for mortgages. That has created lots of resale home inventory and record foreclosures. Yet Stanaland says that the current home foreclosure rates aren’t as high as advertised and foreclsoures may not be the sole source of our economic woes.
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Regardless, Stanaland says there’s some light at the end of the economic tunnel. New home building has slowed, inventories are starting to decline and the money being pumped into the financial system by the Federal Reserve seems to be making an impact.