Quote:
Originally Posted by classicman
According to your logic, One could argue that the Clinton surplus was due to Reagan policies and the Bush issues were actually because of Clinton's decisions.
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And you would be inventing facts. Some of Reagan's excesses and Desert Storm causes high unemployment (that was not as high as this recession). 8%. By raising taxes and other fiscally responsible activities, Clinton restarted economic growth. But wackos forget how we almost eliminated all debt.
Fortunately for Clinton, George Sr was responsible. George Sr got most of Desert Storm paid for by the world. A resulting economic downturn was mild. 8%. George Sr also did not do harm using fiscal mismanagement, overt lies, and a political agenda. Clinton easily rectified the economy by being responsible. Therefore by 1993, the economy was healthy again. And became better when intelligent people passed laws including the 1996 Federal Communication Act. Only extremists ignore these facts to rewrite history.
What did George Jr do? Anything that Clinton did was called evil. So George Jr even made Bernie Madoff rich. Even promised to rebuild Trent Lott's beachfront house while letting hundreds die in New Orleans. Even refused to prosecute Enron. Invented a Mission Accomplished war to worship Cheney's penis. George Jr openly encouraged spread sheet games that created the worst recession since 1920s. Of course. The most egregious recessions are created by corrupt governments. Corruption that only the dumbest Americans both approve of AND deny the damage was created. Welfare only for the rich - and that was good?
How to print money? Borrow massively from the Brits, Japanese, and even more from the Chinese. Incur massive debts by openly creating mythical capital on Wall Street. Debt that are only beginning to be discovered and must be paid ten plus years from now. Encourage phony wealth even with the largest corruption scandal in America's history - K Street. Lie to the most gullible Americans via Fox News, Limbaugh, and Hannity.
Solutions started by Bernanke, Paulson, Geithner, etc were understood, supported and encouraged by Obama. But more extremist lies must be rectified. One lie is preached by only the dumbest of people - that economic growth is created by tax cuts. Welfare to the richest people who do not create productive jobs. That is good? Those aspiring to be rich - people who did not get George Jr’s government welfare - create the jobs. But the rich, using government welfare, then enrich political extremists. And waste American wealth with glee.
Why has the average American income dropped 2% from 2000 to 2008? Oh. That happened only when George Jr was doing so much 'good'. A 2% drop during the good times - before a recession began. Why do extremists forget these numbers? Intelligence would only create a skin rash or eye strain.
Unemployment is a lagging indicator. Recessions created by corrupt government means unemployment lasts longest - 18 months or longer. Employment numbers should not recover until next summer. More facts that extremist will deny.
Debt was virtually eliminated by Clinton. Then extremists did what extremists do to rape a nation and massacre 4,400 best Americans in Iraq. When in America's history did the average America's wealth drop 2%? And then decrease further with an inevitable recession?
Obama, et al successfully averted what would have otherwise been 20% or 40% unemployment. The George Jr unemployment was successfully limited to a mild 10% - only slightly worse than George Sr's mild 8% recession. We got lucky. George Jr was out before wacko extremism created more damage. And still extremists rewrite history for a political agenda. Just like they rewrote science. Clinton made economic prosperity to happen. George Jr mortgaged America’s future to lie even about Mission Accomplished. Lies that only a wackos extremist could approve of.