Orwell wrote:
Quote:
The economy. Bush tried to save the bloody economy, It was the Dems who F'd it up. The economy problems started with Clinton and his making housing affordable. Also, Fanny and Freddy going down? Yeah Bush tried to investigate them. 9 times. (argue with me on the other issues, but don't try to argue with me on this one. I know it inside and out by now.)
Um... yeah, we were doing pretty well under the Clinton administration. After 8 years, you can't say our problems are still all caused by something that evil Clinton did. Bush has adopted really crappy economic policies and we're seeing the results. The Dems f'd it up? How exactly did they do that when the Republicans have been in charge? Look, the economy seems generally to do better under Democrats than Republicans, and this is largely because the Republicans pander to fringe idiots like Laffer.
Supporting Bush on the basis of his economic record truly is a new one to me... I never knew people so misinformed really existed.
It's all because Clinton was the only president since 1980 to
not follow Reaganomics, and the only president to generate budget surplus in the process. Maybe he generated a bit more than I would have liked to see (possibly could have issued *some* of it back to the taxpayers as rebates), but overall I like the idea of having a little extra money in the bank as a "strategic reserve", as it were. Call me a Keynesian as if it were an insult, I don't really care anymore...
Reaganomics is possibly the greatest failure of the 20th century. On paper, the idea could theoretically work. You give money to the rich people, those that create jobs for other people, and the money "trickles down" to the lower class in that fashion. Unfortunately, it
doesn't work that way in practice. If you give a lot of money to rich people, they're just going to build lavish mansions for themselves and ignore the lower classes entirely. The workers, without enough money to buy consumer goods, don't start the economy as would be predicted under this plan. If the rich people weren't so god***n
greedy, it could work, but like I said, it doesn't work in practice...