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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (60029)	4/19/2008 1:33:06 PM
From: Lane3	Read Replies (1) \| Respond to of 542597

You can measure fiscal strength of companies, individuals and countries by looking at their debt to equity ratio. You can. But you weren't using it to measure a country but rather a president of that country. Not the same thing. That's like trying to judge the caliber of Luke Walton solely based on whether the Lakers win the NBA championship. Or even worse, based on the debt to equity ratio of the Laker organization. You only need to keep debt increasing at a lower rate than the economy is growing. Indeed. And does the president control all the spending that occurs during his term? Abd does the president control the growth of the economy? The answer is "no" and "hell no." You can't reasonably rate performance that way. Reagan/Bush inherited a debt to GDP ratio of 35%, and managed to blow it up to 65% in 12 short years. Clinton brought it down to 58%, only to have W blow it back up past the high that his dad achieved. Indeed. And that's way beyond too bad. But it says nothing about the aptness of that chart. The halo and devil effects have been running amok this last 24 hours.