Quote:
Originally posted by Ryan
It seems that we read many of the same publications. I tend to agree with what you said, except I think it's a VERY far stretch to blame all of our economic problems on the Clinton administration. We were not dragged into this pit over an eight year period - this has been building up for a very long time. While I agree that the 90's bubble is a major factor in this, you cannot blame that on any politician nor can you isolate that as the single reason for our current situation. I'm sure I don't have to explain the policies of the federal reserve and the big banks to you as you seem to already have a good grasp on this.
In any event, the mistakes of the past have been made and we now have to deal with them or die trying. I save about 30-40% of my income because I understand what lies ahead. But you cannot for a sinlge moment convince me that GWB is handling this economic crisis in a prudent manner. Running up record deficits and spending billions of dollars a month to engage in war is going to drive us MUCH further down into the quicksand. And you know damn well that a great majority of money he is refunding to taxpayers is NOT going into the pockets of the middle class as you have implied. |
Let me clarify at bit more - we agree more than you realize.
I actually pointed the finger at the State Department which is an entity purely run by bureaucrats that can only be slightly influenced by any current administration. Where the Clinton administration went wrong was when they rode the boom with much celebrated fanfare instead of doing the right thing and slapping down the Wall Street Crooks; but hey that's politics. I never once implied that anyone was being prudent.
Ooops...the time I have a meeting at 6 pm
I'll hit this thread again with my take on the tax cuts.