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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Rambi who wrote (295748)	3/9/2009 8:24:24 PM
From: DMaA	Respond to of 793801

That wasn't the right. Those were centrists.

To: Rambi who wrote (295748)	3/9/2009 9:52:17 PM
From: KLP	1 Recommendation Read Replies (1) \| Respond to of 793801

Seems to me that the skyrocketing price of oil started during GWB’s term from May forward, caused the market to fall…and it was that way throughout the summer. Then we had the campaign, and the election in Nov 2008. Since that date, other than a small blip, the market has been heading south since…. As we all know, through the 2008 late summer and through the fall of the financial markets including the fall of Bear Stearns and Leaman Brothers because of the mortage mess that only the House and Senate were aware of, and in fact were delinquent in dealing with (per the NYT in Sept 1999, and never once paid heed to President GW Bush any of the years he tried to have the Senate and the House deal with Fannie Mae and Freddy Mac…..(See numerous YouTubes…) had plenty to do with it too.... If Congress WON'T do what the President wants done....who is to blame? One thing for sure, the people who do pay taxes have taken a HUGE hit, and it may not be recoverable in our lifetime (those of us who are newly retired....) What GWB did to really make most of the Right furious is never used the VETO pen. si.advfn.com 5 Year DJI - 2004-2009 YTD si.advfn.com March 2008- March 2009

To: Rambi who wrote (295748)	3/11/2009 11:42:50 AM
From: TimF	1 Recommendation Read Replies (2) \| Respond to of 793801

The right has NOT decreased spending, True, and very unfortunate. The level of their spending increases was rather directly a bad thing, and it also encourages higher future spending when they are not in power, both by increasing the baseline for the Democrats, and by giving the Democrats the excuse that the Republicans are big spenders too. When the Democrats say that, their facts are correct, but their justification is flimsy. If the Republicans are big spenders (and they have been in recent years), that means Democrats increasing spending a lot is more problematic rather than less, but the partisan "you did this too", and the political need to reward various constituencies more than the Republican's did, wins out over the practical "the Republicans have spent all the money so now we have to be tight with the checkbook". Both parties face public choice ( en.wikipedia.org ) incentives to push big government, other factors can for a time be larger, but they are less consistent, so unfortunately over time big government tends to win out. which is what got them in the mess they're in these past eight years. If you mean the mess of having increased the size of government I agree. If you mean their political mess, their reduced support and being out of power, well its an important part of the problem, even if it isn't the whole thing. If you mean the real-estate bubble (which was the final nail in the coffin for Republican power in at least the short term, even though I don't think Republicans are more responsible for it than Democrats), then I don't think the high government spending played a major role, at most it would be a relatively small factor.