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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (359938)	11/27/2007 2:42:46 PM
From: TimF	Read Replies (1) of 1576613

Compared to the Clinton years, job production has been anemic at best. And what jobs have been produced have been low paying. Neither statement is true. Beyond that job growth, and economic growth are related but not the same thing. Growing productivity produces extra wealth and economic growth even without job growth. If job growth under Clinton was better, that only means job growth was unusually good then, not that its poor now. You look at that comparison as if it was everything. Clinton started out with an economy that had already started to turn upwards before he became president, Bush inherited the downturn that started under Clinton. Clinton was able to decrease military spending because of the end of the cold war. Bush had 9/11 and the war on terror. More generally you give to much credit or blame for what happens with the economy to the current president. (Not that Bush would deserve blame even if the economy was 100% determined by presidential policies because the economy has been doing well) But the reality is that most of the time the president and his polices are not the decisive factor.

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