The Economy.....

[Codewiz]

First off let me say I am an independent. I don't buy into either party's lies and deceit. With that being said, I have a few observations over the past 15 years....

When Bush senior took office the economy wasn't in top shape although Reagan had helped. He made mistakes with his promises BUT he and congress worked together to get items passed to help the economy. What happened was that by the time he went up for re-election the economy had not made a recovery.

Then Clinton took office with an economy that was coming around. He took over a ship that was already starting to run on all cylinders. Within a year, without Clinton having to do much of anything, the economy was starting to boom. All he had to do was get ready to ride the success. Clinton was just smart enough not to do anything stupid to hurt the economy.

By the end of his term, the economy had started going south but he did nothing to help prevent it. The economy went down the crapper and left this for either Gore or Bush.

It just happens that Bush inherited this mess.

What I don't get is how everyone says Clinton helped the economy and make it when in fact he did NOTHING. Bush Sr. set it up for him and Bush Jr. inherited the mess Clinton left.

Now everyone blames Bush Jr. for this mess when he didn't create it. If Gore had taken office the republicans would be blaming Gore for the economy. It is just a bunch of crap on both sides.

Personally I don't think Bush is the best president we could have to get us out of this mess but I am tired of people praising Clinton when he did nothing to get the economy going. Clinton just knew he could ride the success as long as he didn't do something to screw it up.

The democrats and republicans need to stop playing the blame game and work together. Both parties have had good ideas but are too stubborn to take a look at the big picture. All the care about is making their party look good.


BTW, I am not an economist These are just things I observed during my years as an independant who has voted for both parties in the past. But I do tend to agree with more republican issues simply because of what the party is based on, Less government=better government.

IMO the only reason Clinton was popular is because of the economy that he had nothing to do with.

 

[squirrel dog]

That and his speckled ding dong.

 

[Zebo]

With all these indepedants running around hoe doe s a democrate or repulican ever get elected?

 

[vi edit]

IMO the only reason Clinton was popular is because of the economy that he had nothing to do with.

Nah, I think Clinton was popular because he could reach out to the young and middle class better than a lot of other presidents. He didn't have a glorious background or a history of famous family politicians. He was a very smooth speaker and could very well in impromtu situations without stumbling over his own tongue or looking like a pompous ass.

He's a guy that it would be cool to sit down at a bar and share a beer with. Love it or hate it, he was way more casual than many other presidents before him.

 

[desy]

Unforunately yopu think the economy of the US is an isolated bubble.
It started to go down with the Asian crisis, Japanese banking meltdown and stagnating EU economies.
Add in energy costs, the false hopes of the . com , and erroded consumer confidence.
Not to mention your Enrons, Worldcoms, Arthur Andersons killing faith in the stock market
The issues are far greater than simplistic observations.
Fact is the worlds economy slowed down before the US's did, what you have is lag. If you can't sell worldwide and your own people aren't buying. . .

 

[shifrbv]

IMO the only reason Clinton was popular is because of the economy that he had nothing to do with.

I don't always agree with this. Presidents can have alot to do with the economy. Take the telecommunications boom of the 1990's. We often think of the dot com boom during that time, but the real boom was in telecommunications. We had the largest misallocation of funds in the history of the US all because when Clinton signed the 1996 Telecommuncations Act, alot of people thought their business was going to be able to hook up into the copper wires of people's homes. Everyone thought they were going to get a piece of the pie from the Baby Bells. Well, turns out, they were wrong and now since 2000, we've seen the largest layoffs occuring in the telecommunications field. Hundreds of thousands of jobs gone. Congress drafted the bill and Clinton signed it and it was a disaster for the economy.

Presidents actually do have an impact on things. Take Bush's tax cut packages. Nowhere in those packages is he providing incentives for business to hire back laid off workers of curb global outsourcing. What he is doing will have virtually no effect on business and their offshoring of high-tech as well as other knowledge-based jobs. In fact, Bush supports the outsourcing of those jobs to other countries and has already started to do so within the government sector.

Everyone likes to think Presidents don't have any effect on the economy, but in fact, they, along with Congress are the ones deciding the rules of how the game will be played via tax law, business law, and consumer law.

 

[Zebo]

I think the economy is a ballon with a reversable valve at it's stem. Inside the ballon is workers with jobs/production capability, cash outside is the capitalists who finance everything. Right now the capitalists have taken the profits due to overproduction from the 90's defalting the ballon deflating our jobs and cashflow to us, they'll fill it again, once they are confortable about intrest rates, wars, and profiablity from producing.

EDIT: and who are the capaitalists, well you would know if you where one. But the president is'nt one, he works for some though.

 

[Cuda1447]

I invented the internet.

 

[ProviaFan]

Originally posted by: Cuda1447
I invented the internet.

Gore didn't say that. What he did claim was that he "took the initiative in creating the internet." Now, whether he really did take the initiative in creating the internet is something that could be debated, but please don't spread that hoax any further.

<-- a Republican who didn't really care for Gore anyway, so no flames from the right, please.

 

[cipher00]

Economies happen.

 

[XZeroII]

Originally posted by: Carbonyl
I think the economy is a ballon with a reversable valve at it's stem. Inside the ballon is workers with jobs/production capability, cash outside is the capitalists who finance everything. Right now the capitalists have taken the profits due to overproduction from the 90's defalting the ballon deflating our jobs and cashflow to us, they'll fill it again, once they are confortable about intrest rates, wars, and profiablity from producing.

EDIT: and who are the capaitalists, well you would know if you where one. But the president is'nt one, he works for some though.

You are correct (mostly). It's called the business cycle and used to occur every 4 years or so. We would have economic growth, then a recession, then growth, then a recession, etc... and it has to do with what you talked about. I just thought I'd point that out. The 90's were different and no one really knows why we skipped a couple recessions.