SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Foreign Affairs Discussion Group
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Nadine Carroll who wrote (220554)2/23/2007 4:39:19 PM
From: Katelew  Read Replies (2) of 281500
 
Generally speaking, I'm in that group that thinks presidents shouldn't take either blame or credit for the economy. Our economy marches to its own tune for the most part and responds to factors outside legislative control. Demographics being the best example of an outside factor.

But tradition assigns a president blame and/or credit, so I'll go along.

As for the economy under Bush, it has been strong. I don't have any research on the MSM treatment of the two economies you mention to evaluate your suggestion of bias. Negativity then and now which would be justified, imo, would be that which focused on these items:

Stagnant growth in wages for the last 20 years

Widening gap between the upper quintile and lower quintile of american wage earners (going on for 20 years)

Growing trade deficit

The negativities, however, that are unique to the Bush admin. are:

Weaker job creation than Clinton years

Higher inflation

Huge budget deficits

Many economic commentators point to the enormous deficit spending the Bushies have embraced to goose the economy and they aren't too impressed.

Remember the Clinton economy was strong IN SPITE OF cuts in govt. spending and the raising of taxes. Thus economists consider the structure of the Clinton economies as more sound and more sustainable.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News