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


To: TideGlider who wrote (718429)12/15/2005 6:56:59 PM
From: Srexley  Read Replies (1) | Respond to of 769670
 
Good analysis of the exchange. Why do you think that Buddy cannot understand my fairly simple point? My guess is that he really does.



To: TideGlider who wrote (718429)12/15/2005 7:23:07 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769670
 
Re: "an acknowledgement of special circumstances that affected the nation at the time recession started and were compounded severely on 9/11 and after."

When he posted that, I DID NOT DENY IT.

(Even though I could have. The GAO and the CBO have reported that ALL the war and 9-11 expenses combined account for LESS then 50% of the national debt increase. The private econometrics firm hired by the WH prior to Bush's last State of the Union address, tasked with conducting a 'dynamic' [i.e., 'Laffer curve' style analysis that ALWAYS assumes that tax cuts RAISE growth rates, and SPENDING INCREASES do too] analysis of the Bush team's budget proposals came up with a very similar result: they showed that, war or no war, without *significant* spending cuts then by mid-decade --- where we are now --- the recovery would start to reverse itself, and growth would enter a declining growth phase.)

Even so, I DID NOT argue against the factors that Scott put forth (9-11, war).

In fact, I included them along with some other factors just as soon as he asked me to post some reasons to explain why the present recovery is below average.

I think you are 'seeing' an exchange that never happened... you might want to go back and read my first post:

Message 21973916

This is ALL I SAID (and no one has disagreed with the truth of the post. Not you, not Scott):

"The economy made a miraculous recovery."

Actually, by historical standards, looking at other recoveries after recessions... this recovery is sub-par.

Below the average.