When people talk about what "Clinton left" to Bush, the surplus matters above and beyond all else.
Prove it.
These are federal receipts, outlays, and deficit (surpus) through the 1920's. 1929 and the Great Depression happened anyway. If what you say is true, maybe we should NEVER run a budget deficit.
1920 6,649 6,358 291
1921 5,571 5,062 509
1922 4,026 3,289 736
1923 3,853 3,140 713
1924 3,871 2,908 963
1925 3,641 2,924 717
1926 3,795 2,930 865
1927 4,013 2,857 1,155
1928 3,900 2,961 939
1929 3,862 3,127 734
1930 4,058 3,320 738
1931 3,116 3,577 -462
1932 1,924 4,659 -2,735
The 2000 "correction" was just that, same as any other,
They 1990's bubble was POSSIBLY the second-worst of the century; maybe not. Maybe it was #1.
But the issue is, when the markets corrected in the Clinton era, could stocks get back up?
Why then did it take so long for FDR to get a recovery? And then that one collapsed again.
The clinton markets were great and 2000 was ok.
This is because of your inability to tell the differrence between nornal economics and a bubble. And you extreme bitterness at not having the sense to duck before getting a terrible haircut by that bubble.
3 years to wait.
You said that in 2001.
The good news is, in 08 when Bush is finally gone
Keep it up. Bush will be gone in '08, but you'll put another Republican in the WH. |
