Hello BubbaFred, <<2004 US election>> ... I do not care for politics, and am not at all familiar with any political system or their respective nuances for regime change.
I believe that economic freedom, whether private, institutional or national, are limited by, amongst other factors, debts and obligations.
I believe the constraining effects of debts and obligations are cumulative in nature.
I believe the US, as the core of what in effect is a new-age empire, has a lot of debts and plenty of obligations, at all levels of society and in most parts of the world.
I believe any administration, thus constrained by accumulated debts and so confined by aggregated obligations, cannot be that affective in doing what needs to be done, whatever they may be, especially when further limited to 3+1 years election cycles, and especially if such election outcomes are in part motivated by folks voting their respective pocket books, and more and more, their ever narrowing interests, and ever-increasing desire for even more redistribution and state-sponsored benefits.
So, my feel is that 2004 makes no difference to the economic clock that had been set ticking. Bottom line, Clinton was lucky.
Chugs, Jay |
