PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (29773)	8/17/2000 1:22:46 PM
From: Father Terrence	Read Replies (2) of 769667

Sounds like historical re-vision to me. The fact of the matter is that if Clinton had been successful in getting his National (socialized) health Care program through there would now be HUGE debts looming. Second, if Gore had gotten his BTU tax, the economy would now be in the doldrums. The only thing that stood opposing a future economic Waterloo (where Clinton played Napolean) was the Republican Congress. When you add in the fact that Clinton soaked the middle-class with his robber-baron tax increases in the early 90s and that Al Greenspan remained the head of the Fed (a Clinton decision to keep him on, I'll give Bill the nod there), it all adds up to "surpluses" that may or may not be real surpluses. And where did Al Greenspan come from?... * Economic advisor to Richard M. Nixon * Economic advisor to Gerald Ford * Economic advisor to Ronald Reagan * Later appointed and approved as Federal Reserve Chairman ... from the Republicans. Finally, Ronald Reagan's much criticized "supply-side" economic principles have been proven to work. Former President George Bush was wrong to call them "voodoo economics." Reagan's elimination of the stagflation of the Jimmy Carter years, coupled with (the then) greatest economic expansion in the nation's history, combined to create a base for the economic explosion in the 90s. The recession of 1991 was mild and like a pull back from the expansion, just like you see in the stock market when prices are hitting new highs. The Internet and technology also have contributed mightily to the economic expansion (which no politician has had anything to do with -- although a few have tried to hinder it). FT

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