How bad is the economy in the US? Seriously...

[KevinH]

Exactly Chrarrison...amazing some people will attribute partisan influences to the economy when every Economists will tell you it's cyclical nature makes the presidency freaken irrelevant.

 

[PlatinumGold]

The economy is a boomerang...

It has an 8 year return cycle..



The effects of Reagan's policies showed themselves at the end of Clinton's first term, thats the only reason Clinton got elected for his second term, he took credit for what Reagan had started in the early 80's...

88-92 Bush had a pretty damn good economy thanks to Reagan..

92-00 Clinton reap the benefits of what Reagan and Bush had done..

00-04 Bush Jr. is going to get all the blame for Clinton's policies..

if your gonna do the cycle thing, where does carter and nixon fit in? or did reagon START ALL CYCLES.

HAHAHA, by your argument, Nixon, ford or Carter or ALL three were really responsible for the Economic growth of early 80's. how come none of you reagon neophites support that idea??

face it. you can right history anyway you want it, the only honest way of viewing it is the president in office at the time gets credit and blame for what he does. bottom line.

in the case of w. bush, he had extenuating circumstances, so one can't blame current recession on him ENTIRELY.

Let me pose another idea or two here: 1. HOW MANY MILLIONS were donated to charity due to the 9-11 incident? do you think there might be a time lag for those funds to actually hit the economy? if so, wouldn't you expect to see a dip in the economy when all those funds were temporarily removed from the economy until the charity organizations got those funds pumped back into the retail market?

2. When we start rebuilding the World Trade Centers, what do you think that will do for the local (NY/NJ) economy?

 

[KevinH]

Platinumgold - What is even funnier is everyone that makes the association between a certain President and a particular state of the economy has not named a SINGLE policy that was enacted and it's immediate/and or long term effect.

Blind partisanship is hilarious.

 

[NesuD]

<< in the case of w. bush, he had extenuating circumstances, so one can't blame current recession on him ENTIRELY >>


Actually to be more accurate no recession can be blamed on any single president at all just as no single economic expansion can be credited to any single president or his policies either. Our economy is far to complex for any single person or political entity to influence it so profoundly. My opinion of the economic expansion of the 90's was that it was the culmination of many different events that began in the late 70's maybe even earlier than that but i am not old enough to clearly remember the economic events of the early and mid seventies. The same can be said for recessions. As far as the current recession is concerned you could probably give Bill Gates and his windows operating system more credit for that than any president for being a prime force behind the explosive growth of the internet and the optimistic fantasy of qick riches personified by the dot com boom. Lets face it all the economic indicators started going south when the tech industry started choking on its own debt created by the ridiculous dot com frenzy. Billions were made on paper in IPO's and the great majority of those billions were lost because they were based on nothing more than a false confidence. We are now paying the piper for that. What we are seeing now is something akin to the economic version of natural selection. The Strong healthy enterprises will survive and multiply while the weak and unhealthy businesses are dying off.