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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: AK2004 who wrote (273034)	2/9/2006 1:01:57 PM
From: American Spirit	Read Replies (1) \| Respond to of 1573531

Clinton had the best economic record of any presdient since JFK. There was no serious recession at the end of Clinton's term, simply an implosion of dot-com stocks. The rest of the market did fine. Also, we were running government surpluses at the time, big ones, with ultra low unemployment numbers, so it was hardly a trying time. As for Reagan's economy, there seems to have been some collusion there with Iran and Arab oil states. Because the oil embargo (which would cripple any US economy, but especially after the Vietnam War debacle) and hostage crisis went away as soon as Reagan came into power. That said, Reagan did give our economy a boost, by both cutting taxes (especially for the rich) and upping government spending. Those twin deficit spending vehicles are the same ones GW Bush has been using. Reagan also used deregulation which gave us the 300 billion dollar S+L debacle. All pure debt. Reagan left Bush Sr. and CLinton with large deficits to pay off so they had to raise taxes to do it. Finally they balanced the books and Clinton created the first surpluses since JFK. The reckless cheater GW Bush, however, has amassed in five years more deficits than all previous presidents combined including during WWII. GW Bush's outrageous deficit will take more than two presidential terms to pay off. It could send us into a very long recession. Just reckless and irresponsible. Bottomline lesson: Pay as you go, get off Arab oil and don't cheat by using deficit spending as your only tool to create a growth ecomomy. Also remember, CLinton's growth and jobs numbers were far better than GW Bush's even without all Bush's deficit spending. So defivcit spending is not the answer just the cheater's way to temporarily win.