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Politics : Politics for Pros- moderated
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To: KyrosL who wrote (54615)7/16/2004 10:59:38 AM
From: michael97123  Read Replies (1) of 793838
 
Kyrosi,
Bush had a recession on his hands when 9/11 hit. In order to both fight a war or 3 wars, and prevent the recession from turning into a deflation driven depression, he had no choice but to forgo fiscal discipline or else the democrats would have fought him on the essential spending for homeland defense, military, and economic stimulus not to mention tax cuts which were probably the most import piece in defeating deflation/depresssion. Was his policy perfect? No! It couldnt have been because he had to overspend to counter the dems desire for no real tax cuts vis a vis rates. Kudlow is right and if we can keep the econoomy growing, deficits will be sopped up like gravy just as they were in the 90s. And if the politics continues on its present course Kerry will be able to take credit, just as clinton did. Mike
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