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

To: Steve Dietrich who wrote (478142)5/5/2009 7:53:23 PM
From: Jim McMannis  Respond to of 1574096
 
RE:"The 1992 recession was a pretty deep one, and it's the main reason Bush Sr. got the boot."

Not a tenth of this coming one.



To: Steve Dietrich who wrote (478142)5/5/2009 8:12:04 PM
From: i-node  Read Replies (1) | Respond to of 1574096
 
>> The 1992 recession was a pretty deep one, and it's the main reason Bush Sr. got the boot.

He didn't get the boot because of the recession.

He got the boot because of a well-orchestrated plan by Carville and Begala to make the American people believe the economy was worse than it was.

>> The expansion during the Bush years was relatively weak yet was followed by this, extremely severe recession.

This recession is a direct result of months of bashing by the Left. And nothing else. There was no Bush policy that had anything to do with it. Nothing. But a lack in consumer confidence resulting from an easily influenced, youthful electorate who thinks if Obama says, "The Economy is Bad" then it must be.



To: Steve Dietrich who wrote (478142)5/5/2009 8:24:04 PM
From: Tenchusatsu2 Recommendations  Read Replies (1) | Respond to of 1574096
 
SD, > The 1992 recession was a pretty deep one

The actual recession was already over by the time Bill Clinton got the Democratic nomination. He did a great job convincing everyone, including myself (as a high school senior), that the economy was in shambles.

The truth was that the economy was already recovering at an annual rate of 4%.

Tenchusatsu



To: Steve Dietrich who wrote (478142)5/5/2009 8:44:56 PM
From: bentway  Read Replies (1) | Respond to of 1574096
 
Because the Bush years rewarded the wealthy but not really the middle class, the (R)'s (and the (D)'s too - who weren't in charge) allowed the real estate bubble with it's "house as ATM" to run so the proles would feel "wealthy" by creating a ton of phony "wealth". It's collapse and the greedy schemes it engendered that were allowed to run unchecked by the Bushies eventually brought the entire house of cards down.


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