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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (185645)3/28/2004 1:01:46 PM
From: i-node  Read Replies (1) of 1587368
 
DR wants to give Bush credit for a rebounding GDP, but not give Clinton credit for the huge expansion during his tenure. Before he said the Pres can't influence the economy; now he's grasping for straws.

I'm not quite so shallow as to assume that everything that happens while a president in office is attributable to that president's policy.

Neither Clinton nor Bush directly affected the economy. But Congress does -- and the Contract With America was directly responsible for the economic expansion of the late 90s.

I give Bush credit ONLY for having the ability to get his tax cut proposal through against all odds. But it is inarguable that the tax cuts are what has kept our economy from sinking into a recession. The reality is that the tax cuts worked. Just as the Reagan tax cuts worked. Just as the JFK tax cuts worked. In fact, as it turns out, anytime a president has been able to shove tax cuts down the congressional throat, the economy has improved.

Clinton's "great" economy was a lie. A bubble. It was built on hype and straw. And it collapsed, before Clinton left office.

It is no coincidence. Clinton rode into office on a pack of lies about how the economy was "worst economy in the last 50 years". Absolute lies. And he left proclaiming he had caused a huge economic expansion.

It is no coincidence that the "expansion" collapsed just before Clinton left office. He could no longer prop it up with hype and lies.
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