Adam: > > Once ickle point though...the economy was in much better shape when > Clinton left than when Dubyas leaving, there was a balanced budget and > a > surplus.
I maintain this was an Enron-style illusion. (Enron and the systemic problems it raised, by the way, was a festering problem from the middle of Clinton's term to the time the bubble burst early in Dubya's first term, which began with a mild but discernable trend toward recession even before 9/11.) Clinton and the Republican Congress that dogged him for 6 of his 8 years used Social Security funds as a shell game to maintain the "balanced budget" illusion. Dubya actually did try to fix Social Security early in his second term, or at least to touch that third rail, and both parties hung him out to dry. Indeed, if there was a turning point in how he was treated by friends and foes alike, it was right after he tried to use his so-called "political capital" to address the impending doom of the Social Security trust fund. > > Maybe he couldn't keep his dick in his trousers, but he did do some > things right.... Don't forget, he's really a moderate Republican in terms of fiscal policy, and had a Republican congress only thanks to previous attempts to nationalize health care at the behest of First Lady Macbeth, which would have (and will) wreck the economy completely. > > Maybe Obama will emulate Clinton on the economy, hopefully he won't > emulate Dubya. Dubya's tax cuts actually increased government revenues to record levels, as those of us who support them maintain, and are constantly proven correct. (I'd take it a step further and abolish the income tax altogether in favor of the ad valorum tariff revenue system that our Founders created, and which kept government lean and mean by today's standards during this country's meteoric rise to superpower status from 1789 to the mid 1900's.) That's really all he did good for the economy. What he did bad for the economy was supporting the New Deal Lite, in the form of prescription drug entitlements, no child left behind, and never vetoing a budget so long as Republicans were the ones stuffing it with pork grease, etc. I trust Obama, with a near filibuster-proof majority in the Senate, and with Reid and Pelosi playing the roles of Antony and Cleopatra, will break the budget, the bank and the backs of the American taxpayer with a version of Big Government 2.0, the scale of which nobody presently appreciates. - Bob _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
