Eric Siu argues that whether Harris or Trump wins, the president's power to reshape the economy is limited by Congress. Goldman Sachs analysis and Elon Musk both suggest institutional constraints mean the system barely shifts regardless of who's in charge.
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A lot of people believe Harris is going to change our economy. Trump is going to change our economy. I hate to say it, very few of them really change any economies. Yeah. If you look at Goldman Sachs, they did analysis. They said there's very little difference between a Harris campaign and a Trump campaign. And it doesn't matter what promises they make. You still have a lot of other layers to deal with, like the House and the Senate. And it doesn't matter if they're Republican or Democrat or they're for you or against you. A lot of times they have other ulterior motives and they're going to do what they want to do, or they may not like what you have to do. And Elon Musk even said it once, being the President of the United States is like being a captain of a very large ship with a really small rudder that it's really hard to move it in whatever direction you want.