PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: jmhollen who wrote (567906)	4/23/2004 10:51:54 AM
From: DuckTapeSunroof	Read Replies (1) of 769670

You can try to deny the plain facts all you want to, JM... but that doesn't change the facts any: Re: That's why the interest rates were at 22+% under Jimminy L'Peanut Carter.... >>> Nope. He merely came into office at the end of a multi-decade long period of inflation and over-spending and deficit financing by the government. Started with LBJ refusing to pay for his twin wars (Vietnam & 'poverty'), (kinda like what Bush II is doing right now), and continued with such economic idiots as Nixon (remember the wage/price freeze, and Breton Woods?) Ford and Carter were not particularly to blame, but not particularly effective either at reversing the policies which brought us StagFlation... of course they also suffered because of two other economic dislocations that occurred during the seventies simultaneously with government bad management: the oil shocks and the rise of Japanese competition in manufacturing. You know the decade of the 1970s finished with the DOW at nearly exactly the same place it started the decade at.... "It was Reagan and the "MX+SDI" effort that wrecked the Russian economy," >>> No, the Soviets did that pretty much on their own with 40 years of economic idiocy and gross mismanagement. Crediting Reagan for the whole collapse of the Empire... is kinda like giving the 'win' to a relief pitcher who comes in in the 9th. for the last out! >>> Anyway, Reagan/Bush came pretty close to bankrupting us with their open-ended deficits.

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