Quote:
Originally posted by AggieSigmaNu361
The economy runs in cycles. It was at it's top cycle under Clinton, but was already showing it's natural sign of decline. Bush took office with an economy that was already slowing.
His tax cuts were an effort to encourage economic growth by putting more spending money in the hands of consumers.
By the time he's up for reelection, the cycle will be on the upswing.
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I know how the economy works, I'm a finance major. But all that hoopla aside, why did Bush play on the economy as much as he did if it was "already at it's top cycle under clinton?"
Furthermore, if the economy was already slowing when Bush came into office, it has continued to dip. So in the end if the economy is "on the upswing" by election time will that be because of his own actions or the "natural cycle of the U.S. economy?" I'd predict the second choice.
All that aside, everyone, go out tonight, get a beer or ten and get hammered, it's Thursday
