What power does the President have over the Economy?

"According to democrats and their willing accomplices in the press, President Bush is single-handedly responsible for the worst economy since the ice ages. This inference suggests that the Constitution vests the office of the president with some level of authority over the economy. If the American people were more constitutionally astute, and the press was doing its job, the democrats could never get away with such a shameless distortion of the Constitution because there is not a single provision in the document that grants the President any general authority over the economy.
...............none of the powers vested in the office of the president have anything to do with the so-called economy. How can the President control the destiny of the economy of a nation when he doesn’t even have the power to enact legislation on his own? All legislative powers granted to the federal government by the Constitution are vested in the Congress. This means Congress writes the laws, not the President. The President merely signs or rejects legislation submitted to him by Congress. So how can a president be held responsible for the performance of the economy?
[FONT=Georgia, Times New Roman, Times, serif]There is no hope of preserving liberty unless the American people educate themselves and quit falling for these political fairy tales. The next time a presidential candidate asks for your vote in exchange for creating jobs and reducing unemployment, stand-up and scream―The President doesn’t have any constitutional authority over the economy, stupid!"[/FONT]

http://www.thepriceofliberty.org/03/12/04/greenslade.htm
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