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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (101103)	2/10/2009 3:53:03 PM
From: CalculatedRisk	12 Recommendations Read Replies (2) \| Respond to of 110194

Nah ... we made good progress in the '90s on both reducing the size of the Federal government (as a percent of GDP) and reducing the deficit. Federal Government Spending Q1 1993: 8.1% of GDP Q1 2001: 5.9% Q4 2008: 7.7% (we don't have q1 2009 yet) Bush increased the size of government and almost doubled the national debt. I opposed the Bush fiscal policies during the 2000 campaign. They have led to massive structural deficits that will now get worse as we deal with the severe recession. Bush policies are very much to blame.

To: Little Joe who wrote (101103)	2/10/2009 4:21:42 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 110194

I hear you but Bush WAS in charge as we approached the cliff. Starting 2 uncalled for wars was economic suicide on top of the financial mess. I see no diff in the last few decades of presidents.

To: Little Joe who wrote (101103)	2/10/2009 4:41:31 PM
From: GST	7 Recommendations Read Replies (2) \| Respond to of 110194

I fondly remember the days when Bush took office and the subject of the day was what to do with the trillions in the federal surplus in the federal operating budget -- and Bush sure tackled that issue in a hurry, with tax cuts and war and suddenly 'poof' no more surplus. As for little things like running the government -- he was true to his belief that Washington should let the big boys do whatever they wanted to do -- and what they wanted to do was to drive the car 100 mph in the rain on a slippery road because it lined their pockets -- and to hell with the consequences so long as they got theirs.