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Politics : View from the Center and Left

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To: Steve Lokness who wrote (46607)	1/23/2008 10:40:08 AM
From: Mary Cluney	Read Replies (1) of 542059

<<<Reagan took an economic disaster that was ready to destroy America and fixed it. Bush took an economic wonder and destroyed it.>>>> "I understand why conservatives want to rewrite history and pretend that these good things happened while a Republican was in office - or claim, implausibly, that the 1981 Reagan tax cut somehow deserves credit for positive economic developments that didn’t happen until 14 or more years had passed. (Does Richard Nixon get credit for “Morning in America”?)...... <<<...Some good things did eventually happen to the U.S. economy - but not on Reagan’s watch. For example, I’m not sure what “dynamism” means, but if it means productivity growth, there wasn’t any resurgence in the Reagan years. Eventually productivity did take off - but even the Bush administration’s own Council of Economic Advisers dates the beginning of that takeoff to 1995." >>>

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