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Originally posted by PSK480
Ummm... The good economy that clinton had was from the effects of what G.H.W. Bush did as President. What happens to the economy during the first about half year to year can't be controlled by the president in power. It is set up by the previous president. Thus the recession we went into at the beginning of G.W's term was set up by Clinton. Think about it for a minute. You can ask almost any economist and they will agree that Hoover wasn't at fault for the depression, he was just in office. It was too soon into his presidency for him to really effect the economy. So Clinton was given a good economy, squandered it and handed off a bad economy. Simple logic here folks.
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So you mean to tell me that Bush Sr. left office with the U.S. having a great economy? That he left Clinton in such a position?
That's funny considering many political analysts consider the biggest downfall to running for his second term was how the economy was damaged during his term.
Actually, when Clinton left office, the economy was still in pretty good shape.
Simple logic is the events surrounding 9/11 - that was damaging to our economy as we still see those effects today. True, Bush couldn't control that, then again going to war (which hasn't boosted our economy much) while cutting taxes might not have been the best move.
As national debt rises.......