Quote:
Originally posted by Colin
There have been 32 recessions total during the past 32 American presidencies (32 presidents not 32 terms). Recessions are the norm. One per president. The question is how should one react to them? Should one spend more and decrease taxes to lessen the effects of the recession or let it go into free fall (laissez faire) in the belief that the market is always right and will self-correct eventually?
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You seem to think that every administrations are doing a perfect job and shit just happen...
Is the US economy in the hole? No... and you demonstrated that...
Has the Bush administration doing a great job with the economy? Did they made mistakes? You dont know that! Ressessions, wars can explain some things... however.. if the deficit would be $600 billions instead of 400... would you have given the same reasons to explain the deficit and say that everything is fine...Bush is doing good?
The question is what a near perfect administration could have done... and you then compare.. But then again, $400 billions is maybe the best any government could have done... But nobody here knows it.. people just speculate!