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I really don't get what your point is, as you didn't voice any opinion -- just posted a link to a say-nothing article. As for myself, I think we're doing pretty well, considering the escalating energy costs. As to the Bush-McCain recession-that-never-was...well, that's just so much media bias.
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"There are different kinds of truths for different kinds of people. There are truths appropriate for children; truths that are appropriate for students; truths that are appropriate for educated adults; and truths that are appropriate for highly educated adults, and the notion that there should be one set of truths available to everyone is a modern democratic fallacy. It doesn't work." -- Irving Kristol |
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No, there was no Recession in 1992. There was however a very mild recession in late 1990 with the last qrtr of 90 and the first of 91 realizing negative growth. 1992 realized an excellent economy, which was being reported by the same mainstream media which talked down the outstanding economic performance of Bush fiscal and tax policy. But that was only fair considering they talked up the ruinous tax and fiscal policy of the Clinton regime. "Its the Economy Stupid" which the Clinton campaign and its sycophants in the MSM media heralded in an hourly basis, falsely claiming that 1992 was "the worst economy in 50 Years!" In fact, 1992 realized nearly 6% growth in GDP which out performed four of the 8 years of the Clintonomy. Ironically, the last year of the Clintonomy was outperformed by "The Worst Economy in 50 years by a full 2 percentage points and th last year in which its economic policy remained fully in effect "The Worst Economy in 50 Years" outperformed Clintonomy Policy by nearly 5 percentage points. Now this is according ot the Bureau of Economic Analysis, but all they do is crunch economic data so they're objectivity is automatically suspect. |
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What about the other 4 years of "clintonomy,"? Forget about those? That was the strongest the economy has ever been. The country was flush. Unemployment has steadily rose since 2000. Energy costs have gone up 400%. The country has returned to deficit spending. The dollar is weaker and weaker against every major currency. And government revenues have slowed, while spending has increased. You can note that this isn't technically a recession, because, we skated by with .05% growth last quarter. But the housing crisis is far from over. Energy costs will only increase. And we're still going deeply into debt to pay for foreign wars of choice. |
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How is there objectivity question? They don't have any officially or unofficially allegiance to any political party. In fact most economist are about lowering taxes and proponents of free market.
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In the land of the blind, the man with one eye is the king - Nas |
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Anybody notice how Bush's apologists tend to start their posts with, "I think we're doing very well considering ..." and then a trail of excuses follow?
I'm hearing lots of excuses for why this administration's economic policies have failed. But that's all they are. Excuses. Face facts: those policies were bad ideas, just like everybody said in the beginning. |
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E.Pluribus Unum
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E.Pluribus Unum People of power have NO good will and people of good will have NO power. If you think Education is Expensive try Ignorance. |
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I'm not sure where you're going with this.
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Every decent man is ashamed of the government he lives under. – H.L. Mencken I refuse to trade humanity for patriotism. |
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