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Old 08-21-2010, 04:12 PM
 
1,110 posts, read 2,240,344 times
Reputation: 840

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Clinton inherited a $290 billion deficit from George H.W. Bush. He reversed Bush's and Reagan's trickle down economic policies, raising taxes on the wealthy, and reducing them on the working and middle classes. He was able to reduce the deficit every single year of his presidency. By 1997, the government was running budgetary surpluses, the first since 1969. He delivered a $230 billion surplus in 2000.

Bush reversed Clinton's policies, lowering taxes on the very wealthy - his "base" as he called them - and effectively raising them on everyone else. In his first full year at the helm of the economy, he delivered a $157 billion deficit, and he never looked back. By 2004, the deficits were topping $400 billion a year. While Clinton delivered surpluses, Bush's deficits totaled some $3.7 trillion over his eight-year term. Clinton 6: Bush 0.

There is no subtlety, no ambiguity about the data or the economic performance they reveal. By every single measure, Bush's policies and tenure were worse - much worse - for the American economy and the American people than those pursued by Bill Clinton. And we are still living today in the aftermath of the destruction they have wrought.

We could add any number of other measures as well, measures not offered up by Forbes but which are still straightforward indices of economic performance. Clinton reduced poverty, from 15.1% when he took office to 11.3% when he left. Bush increased it, from 11.3% when he started to 12.5% at the end of 2008.

The stock market more than tripled under Clinton's tenure. The Dow went from 3,241 when he took office to 10,587 on the day he left. It actually declined under Bush's tenure, from 10,587 on the day he took office to 8,281 on the day he left. Between the recent stock market collapse and the housing crash, Bush destroyed more than $14 trillion in consumer wealth, a staggering, almost incomprehensible legacy of devastation that will haunt Americans for decades to come.

Republican presidents -longest modern recession

#1 Reagan 1981/82 recession - 18 months
#2 Bush2 2007/10 recession - still counting!
#3 Ford 1973/75 recession -14 months
#4 Bush1 recession 1990/91- 9 months

As I mentioned I'm old and grey. Remember when RAYgun "sold" weapons to Iran? And the reich wing questions Obama?

Palin is just a mold growing on a very old slime. She has no room to be a critic. She's a quitter that wants to trickle down on you.
Learn from history, kids. Earn this.
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Old 08-21-2010, 05:34 PM
 
Location: Barrow, Alaska
3,539 posts, read 7,651,940 times
Reputation: 1836
Quote:
Originally Posted by SacalaitWhisperer View Post
Learn from history, kids. Earn this.
This "trend" has been obvious since Reagan was President, but it doesn't stop "Conservatives" from claiming Reagan was a great president, nor keep them from repeatedly voting for others who openly campaign on a promise of repeating the exact same disasterous mistakes.

I assume they all expect that they will be the ones who become wealthy while 95% of the population loses ground. It just astounds me how stupid that is, but Conservatives vote themselves into poverty with regularity.
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Old 08-21-2010, 06:31 PM
 
Location: 112 Ocean Avenue
5,706 posts, read 9,629,182 times
Reputation: 8932
http://www.themudflats.net/wp-content/uploads/samuelssign.jpg (broken link)

Last edited by RedJacket; 08-21-2010 at 06:39 PM..
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Old 08-21-2010, 08:10 PM
 
941 posts, read 1,792,409 times
Reputation: 768
Where is Sarah Palin when Arizona needs her? The son of the former Vice President of the United States is running for the 3rd Congressional District seat in Arizona. Apparently Ben Quayle has little money and in his 31 second campaign ad says his only qualification for the seat is he believes Obama is the worst President ever. I wonder where he was during George the lesser's terms in office? George the Lesser has a death lock on that title and there is no way anyone can take that title from him. It would be a fitting end for Palin to come out supporting this son of a loser. It is possible that Palin might have taken Dan Quayle's title as the worst VP ever had there been a different outcome to the last election. Remember Potatoe? Just a joke perhaps? OK Ray you can chime in now I yield the floor to you!
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