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Old 08-26-2009, 06:38 AM  
PornMD
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Join Date: Jan 2007
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Quote:
Originally Posted by nation-x View Post
Bill Clinton reversed Reagan?s course, raising taxes on the wealthy, and lowering them for the working and middle classes. This produced the longest sustained economic expansion in American history.
Meh...I'll agree that Clinton probably did have some policies that helped, but his presidency also coincided with the boom of the internet. In fact, arguably why the US is losing economic power in relation to some countries now like China and India is because they're catching up on the internet. Late 90s and then the dot com burst was the online equivalent to the 20s going into the 30s/the depression...of all the shit Bush didn't do right, I wouldn't have blamed early economy woes on him...he had the dot com burst + 9/11 early in his presidency. War on Iraq, our shitty economy later in his tenure etc. however...god what a fucking pooch screw he turned out to be. I wonder how much Dick Cheney personally profited from being his puppet master for 8 years and getting Haliburton all those contracts.

What I'm primarily surprised about now with this 9 trillion in 10 years projection is that it was hard to imagine the economy getting any worse than it was under Bush, and yes it was arguably going to get worse before getting better, but now the White House is basically saying it will not improve much throughout the entire tenure of this administration and then some? I realize deficit does not equal the state of the economy, but that's a pretty bleak outlook from an admin of a man that claimed to be able to fix all this. You wonder how much of that $9 trillion will actually be spent on helping citizens directly that need the help vs. helping businesses and industries that screwed themselves like the banks. Universal healthcare is nice, but is it absolutely imperative to get it done right this minute when it'll add more fuel to the blazing deficit fire and further fuck the dollar? IMO Obama focusing on it now is like Bush shifting focus to Iraq after 9/11 and failing to find/kill Osama...just makes no sense to me. Meanwhile more and more people will lose their homes and get buried under their mortgages and debt and it just seems like Obama's not going to do shit about it.
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