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

To: Peter Dierks who wrote (768675)	2/19/2009 1:17:40 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769667

If stimulus (and other appropriate policies --- such as triage with the banks...) as the economic cycle is sinking like a stone, accelerating downwards is followed by fiscal reforms in the following years when economic stability and growth is restored... then economic growth potential can be MAXIMIZED for both parts of the cycle --- and the fiscal future for America can be VERY BRIGHT. And, (just as happened over the full eight years of the Clinton admin.), the net changes to real national debt can be reversed from the disastrous upward trend that was posted by Reagan, Bush I, or Bush II administrations. We can be returned to a path of above-trend growth, and declining national debt (as a percentage of GNP). It seems it is ALWAYS the achievement of higher economic growth (which increases revenue to the government of course), combined with at least some consistent effort toward fiscal parsimony, which are the two pillars of policy that are required if the accumulation of debt is ever to be reduced. Over the past 50 years of American history, every time progress has been made on national debt problems it was a result of some combination of those exact two factors: Higher Growth plus some Fiscal Restraint. However... with particular regard to the current global crisis: Government efforts (stimulus and regulatory, in connection to the deep-frozen financial systems) have probably been TOO SMALL and TOO TIMID and TOO HALTING thus far to allow us to really get ahead of this downward-plunging locomotive like we should be. Growth potential is being strangled. And, all these political fools who are exercising their little pea brains, red-faced and pandering while screaming at the top of their lungs: "don't do anything!" are sounding exactly like Groucho Marx in Horsefeathers when he sang "Whatever it is, I'm against it!" It's like they are passengers on a foundering ship at near the center of a killer hurricane and they are refusing to bail.... By the time they come around to understanding what's already going on all around them, the full extent of the harm being done, the ship may be sinking beneath the waves and beyond all bailing... only good for salvage yards. If Japan's "Lost Decade" sounds good to you... wonder how you might like to 'double-dime' that? Go for 20?