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Politics : View from the Center and Left

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To: Sam who wrote (257837)	8/8/2014 6:14:10 PM
From: Steve Lokness	Read Replies (2) of 541580

Sam; Except around the edges I don't disagree with you here. Now having said that, Presidents don't get a pass on the economy when it goes bad- or good - because of the excuse that it is the fed in charge of everything. Did Volker play an important part - of course! BUT reagan didn't get the economy to the place where we needed a Volker. Carter did that!! AND that is my point in calling the Krugman argument dishonest. Krugman said that job creation under Carter was good - but that was almost strictly the first two years of Carters term. My point Sam is that economies aren't turned on and off when the man becomes President. You have to look at what happens before and after he is elected. Carter; First two years were great - last two years awful. (The good years belong - at least in a big way to Ford) Reagan; First two years awful. Those numbers belong to Carter. Reagan does get credit after that for job creation. Bush the dumb; first two years were awful - belong to Clinton. The last year and first part of Obama's term were worse than awful - they were catastrophic! They belong only to Bush - NOT Obama.

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