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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Thomas A Watson who wrote (421528)	7/1/2003 7:27:28 PM
From: American Spirit	Respond to of 769670

Bush Sr raised taxes then got 5% growth? Sounds like an argument for Clinton economic policies, and against Voodoo Economics that we have again now. GW is going to make Reagan's deficits look small. And GW hasn't stopped spening, just taking in far less revenue. Especially from those who can afford to pay taxes.

To: Thomas A Watson who wrote (421528)	7/1/2003 7:59:51 PM
From: Kevin Rose	Read Replies (1) \| Respond to of 769670

Well, that's a narrow look at the FACTS. FACT: The last time the US GDP was under 0% - Bush 91 (-0.5%) FACT The time before that - Reagan 82 (-2.0%) FACT The time before that - Reagan 80 (-.2%) FACT The time before THAT - Ford 75 (-.4%) FACT The time before THAT - Ford/Nixon 74 (-.7%) FACT This when the 30 year average is +2.9%. The leanest years have all come during - yes - Republican administrations. None during Carter, none during Clinton. Solution to recession seems pretty simple, doesn't it? More FACTS Chart the GDP in the Reagan/Bush years. Start off slow, then takes a big jump (coincidentally accompanied by a huge jump in deficits - anyone can jump GDP by burning money on $10,000 toilet sets and $5,000 wrenches). Then, after '84, takes a long leap off a 8 year pier.... Yup, that's the Reagan legacy for you. Huge deficits and inevitable recession. But wait! At least we all were introduced to Government by Astrology!