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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?


To: jttmab who wrote (8276)12/6/2001 10:17:20 AM
From: Neocon  Read Replies (1) | Respond to of 93284
 
There is no denying that the deficits poured more money into the economy, just as you say. The question is, were they the primary engine of growth?

Reagan may have been lucky, as was Clinton, even more. Remember, the full effects of the digital and telecommunications revolutions were not felt until the 90s. But innovation and productivity growth are accelerated by the right climate of investment, for example, in enhanced R&D spending and a greater willingness to bring untested products to market. I have heard people involved in the telecommunications industry credit Reagan's efforts to deregulate their industry for things taking off......