"If the president mattered that much, why is it that cities and states have such extreme variation in their local GDP and job growth? Shouldn’t they all go up or down together with each president?
...Austin TX and Nashville, TN are booming while Albany, NY and Stockton, CA are failing. Texas is prospering while California is...going broke...
The reality is, when it comes to creating economic growth and good jobs, local leadership trumps national leadership. For instance, Austin and Albany are both capital cities in big American states. Neither city is located by a port or a natural tourist attraction with beaches or mountains. They’re pretty much alike, except that Austin wins big and Albany loses big....."
- - Jim Clifton, CEO of Gallup, urging citizens and states to take responsibility for their current economic success or failure