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Politics : Mainstream Politics and Economics

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To: koan who wrote (6776)	1/12/2012 1:04:45 PM
From: Jorj X Mckie	5 Recommendations Read Replies (1) of 85487

Obama had to dig out of Bush's graeat depression. You didn't know that? Before I address this little point, I want to make it clear that I think people give presidents far too much credit and far too much blame when it comes to the general economy. To give Obama a pass because of the state of the economy at the end of Bush's term and then turn around and not give Bush the same pass when you look at the state of the economy at the end of Clinton's term is disingenuous. We had an economic boom in the 90s. Everyone benefitted from this, especially the government. And where various parts of the government by have influenced (amplified) the effects of the boom, it was probably going to happen anyway. In other words, Clinton got lucky. The responsible thing for our government to do would be to not only pay down debt, but to also NOT increase spending. In other words, don't create more government jobs that would need to be supported after the end of the boom. It boils down to: If you give Clinton credit for the boom, you have to blame him for the bust If Clinton was responsible for the bust, then you have to give Bush a pass on the economy by the same logic that Obama is given a pass If Clinton gets credit for the boom in the 90s, but isn't blamed for the bust, then Bush gets credit for the economic boom in the mid 2000s and shouldn't be blamed for the bust. and finally... If Obama is given a pass on the economy, then Bush has to be given a pass on the economy and it all pretty much falls on Clinton (and then to Bush Sr then to Reagan then to Carter.....and I'm pretty comfortable blaming Carter for everything). Let's use the same rules for all presidents. Otherwise we are all just partisan hacks, eh?

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