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


To: RMF who wrote (787335)6/3/2014 2:17:31 AM
From: i-node  Read Replies (2) | Respond to of 1576949
 
>> He was dealt a GREAT hand. Going in he had SURPLUSES...

He had "projected" surpluses, and I can assure you there is a great difference between that and the real thing. And that was as of time he took office.

In the ensuing months, there was a recession that began in Mar'01. If you didn't watch 9/11 and comprehend the economic damage that was done, you weren't thinking. I envisioned the economic damage being a major component of the atrocity. That recession ENDED in Nov'01, due in no small part to Bush's handling of the crisis. While it took another two years to really get back on our feet economically (due to Bush tax cuts), the economic situation was mitigated by actions Bush took. He doesn't get a lot of credit for that in the media, but that's reality. The '03 tax cuts are what really turned it around, and we got four years of reasonably good growth out of it.

The Clinton "surpluses" are pretty over-rated, because they were never going to materialize, even had 9/11 not occurred. We did not have ONE YEAR of true surplus, although we got close one year.

I continue to believe he was an excellent president in most respects. Had Clinton been there, or Obama, we would have come out in far worse shape, and that is the metric I think you have to use.



To: RMF who wrote (787335)6/3/2014 1:15:04 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1576949
 
RMF,
His reaction to that was, NO, we can't have surpluses, we have to lower taxes so those surpluses will disappear.
Hard to tell whether you actually believe this nonsense.

I'll wait until either you confirm what I suspect about you, or you clarify what point you're trying to make.

Tenchusatsu