Jake Mckinney
UKC Forum Member
Registered: Jun 2006
Location: Cincinnati, Ohio
Posts: 245 |
quote:
Originally posted by Skinner
If gas fell to $1.50, in two years we'd be rolling again....just like Bill never left.
If you will recall. The economic down turn we just came out of began in the year 2000 before George Bush took office.
But you are right about one thing. Low fuel costs are what drove the economy in the 1990's along with the free trade status given to Communist China. Both of which were the doings of George Herbert Walker Bush (President 41).
After the gulf war fuel dropped to as low as 85 cents a gallon. These low price along with cheep merchandise from China sold through every Wal-Mart and Wal-Mart wanna be brought about an economic boom.
However the tax increase at the end of Bush 41's term along with the other multiple increases in the Clinton years caught up with us and created a slow down that was ignored until the stock market bubble burst in 2000. Greenspan had warned everyone since 1998 but no one listened.
If we had lowered taxes and spured spending we would have avoided the mess. Also all the corperate scandle that hurt the stock market happened in the 90's as well. That was not GW's fault nor Clintons. That was the fault of a society without morals.
Then Bush 43 took office and took all the blame for things he inherited from Clinton. Go look at graphs of the economic indicators. The decline took effect long before Slick Willy left office. If Clinton had been dropping taxes like he dropped his pants we would have not had a slow down.
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"The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first and love of soft living and the get-rich-quick theory of life." – Theodore Roosevelt
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08-05-2006 11:48 PM
