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Re: Bush: Bad for the Economy
Old 10-15-2004, 08:53 PM   #1
Xantar
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Default Re: Bush: Bad for the Economy

You know, Blackmane, if you had actually read the article, you would see that the criticism these economists have for Bush have nothing to do with recessions. You won't even see the words "recession" or "recovery" in the article. The economy isn't all about unemployment numbers and GDP, you know.

We were splurging completely out of control during the Clinton years, and we are now paying for it. However, a recovery was pretty much guaranteed to happen. The economy goes in cycles.

These economists are criticizing Bush's tax cuts because it balloons the deficit and sends the national debt skyrocketing. I don't know if you're worried about it or not, but if something isn't done to establish fiscal discipline, Social Security and other government programs could be jeopardized. It will also lead to weakening of the dollar. In other words, inflation.
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