Quote:
Originally Posted by sextoyking
Trickle down hasn't always worked.....
22 million + jobs under clinton...
We lost something like 8 mill under bush....
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You are oversimplifying things. Taxes are one factor. Clinton benefited from presiding over a tech bubble that came with the monetization of the Internet and the beginning of the housing bubble. The reality of it all is we never dealt with the first tech bubble crash. The government/Fed tried to paint that over by starting the housing bubble. Now we have the biggest global debt bubble known to man with nothing to artificially re-inflate the economy with. We are looking at around a 30% correction in GDP in the US peak to trough to dig out of this hole and all this stimulus crap is just digging us deeper. If we had just let "too big to fail" fail back in 2008 and sucked it up for a couple years (yes, big unemployment, huge wage cuts, huge government cuts, a big change in standard of living for most people) we would be close to out of this mess now 2 years later with a firm foundation to build from. Unfortunately, our government will probably drag out the misery for a decade or two...