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Politics : Mainstream Politics and Economics
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To: RMF who wrote (48772)7/17/2013 12:37:30 AM
From: i-node  Read Replies (1) of 85487
 
>> We were actually running surpluses when he came into office

Actually, we weren't. We were "projected" to have surpluses. Which was ridiculous at the time. Any hope of a surplus, ever, was out the window with the Clinton recession.

Bush inherited a recession and tax cuts are a valid way of creating economic stimulus, if the tax cuts are properly targeted. The first round of Bush tax cuts were not, and Bush was warned of that up front by his economic advisers, but went forward with them anyway. While it clearly did curtail the bleeding from both the recession and the events of 9/11 (which, taken alone, could have been expected to have had substantial negative economic consequences), it was the smaller 2003 cut that really had more of a stimulative effect.

The cost of both wars for both wars since 2001 has been about 1.5 Trillion; of course, about 1/3 of that occurred under president Obama.

>> The Taliban has now gotten a foothold in Pakistan and will come back into and dominate Afghanistan once again as soon as we pull out.

And we should get the hell out and let them, and if they become a problem we can go back and deal with it.

>> In Iraq we've put the Shiites into power and that has strengthened Iran.

Repeating a falsehood does not give it credibility.
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