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President Bush supporters are always saying that he inherited a strong economic recession from Clinton. In reality it seemed like his economic and fiscal policies created the deep recession of 2001-2002. Now our economy is crashing again. Was Bush responsible for two different economic slowdowns on his watch?
Yes, it was a conspiracy Bush began planning in 1996 so that the US would enter into a recession in January 2001 before he was sworn into office.
Yes, it was a conspiracy Bush began planning in 1996 so that the US would enter into a recession in January 2001 before he was sworn into office.
Further back, he was getting bad steel for the World Trade Center to
ensure its collapse when the planes would come, after the rigged election
which he knew he would pull off so he could set his plans into motion. All this
to ensure a second term.
Before you blame Clinton for everything, I think you need to accept the fact that the Repub's had control of congress since 94 so anything that was passed was because of the Repub party. Clinton wasn't writing the bills that congress was voting on. Phil Gramm wrote the deregulation bill in 99 voted on 55-45 by Repub's if you need the link let me know.
Actually, the Clinton recession was a mild recession. The Bush tax cuts brought us out and the economy has been very good, to good ever since.
There is no 2008 recession. Where are you getting this? The economy is still growing, according to latest figures released. There has to be 2 quarters of no growth in order for it to be called a recession. We have had no such thing.
The numbers have been cooked to show that. Even just recently, they downgraded the #s for the first quarter of 08. I believe that you'll see that the 2nd and 3rd quarters of 2008 will show the start of the 2008 recession.
I don't blame Bush for the 2001/02 recession. But, I do blame him for the current one.
Presidents don't directly control the economy nor do they cause recessions. However things like a balanced budget, trade policy and making investments in infrastructure matter. Really bad policies hurt can hurt economic growth, and a lack of leadership during a crisis can grow to a lack of confidence in the market.
That being said... Bush, didn't directly cause this economic crisis, however his mismanagement of the deficit and inability to balance the budget help to set the stage for this current decline.
President Bush supporters are always saying that he inherited a strong economic recession from Clinton. In reality it seemed like his economic and fiscal policies created the deep recession of 2001-2002. Now our economy is crashing again. Was Bush responsible for two different economic slowdowns on his watch?
Bush is not single-handedly responsible for any of these slowdowns. The responsibility is far greater than any one person. Congress, the financial system, and yes .... we the people of this nation are responsible as well. Let's all keep pointing the finger, casting stones, and playing the could have - should have game ..... and in the mean time we can continue absorbing our share of the blame.
Bush controls the economy by promoting his agenda in Iraq and bringing in political appointees who did not regulate the banks and industry like they should have.
He also controls federal spending by the power of his veto, which has a major impact on our economy. He is also the boss of the Commerce Department and Treasury Department and picks the head of the Federal Reserve.
So he has significant power of the economy by his economic policies and control of the federal rules and departments.
It wasn’t that long ago that Bush said the economy was doing just fine. The FBI has uncovered emails that indicated two years ago Wallstreet bankers talked about their problems and what they should do about it. Phil Gramm deregulated the industry back in 99 and now Phil is the economical adviser for John McSame.
2001 - No...that was a result of the dot-com bubble burst. Interesting how most of the carnage actually took place in the spring and summer of 2000, yet that seemed to be a very optimistic time. Maybe the media had something to do with it?
2008 - Partially - this is the result of problems that have been building since the Carter administration. Carter, Reagan/Bush, Clinton, and Bush all have their hands in creating the mess we are in today.
2001 - No...that was a result of the dot-com bubble burst. Interesting how most of the carnage actually took place in the spring and summer of 2000, yet that seemed to be a very optimistic time. Maybe the media had something to do with it?
2008 - Partially - this is the result of problems that have been building since the Carter administration. Carter, Reagan/Bush, Clinton, and Bush all have their hands in creating the mess we are in today.
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