Quote:
Originally posted by theking
As I recall the economy was doing rather well until he threw his hat in the ring for the Presidency...and began talking down the economy and talking up the tax cuts...but you are right...no President can legitimately be entirely blamed for the economy. Actually if you look at past history...the economy seems to have a life of its own and is somewhat cyclic.
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Well, by no means was he beneficial, and I'm sure he sped some things up a bit, and largely caused others, but when companies with no chance of ever making any money were flying high on the stock markets, little else could happen than a big drop.