Has the current presidential administration doomed our future?

[Kidlicious]

In reality, I would have to agree with Ned on the point that all the presidents of the recent past have ****ed up. Generally, the America has just ****ed up. I don't see how we can just blame Bush when the crisis comes to a head.

[rah]

And you never know. 100 years from now it may be written that Bush helped the economy recover after 9/11 and helped introduce democracy to the middle east. We already have somewhat rosey glasses looking back at Reagan so it could happen with Bush.

[Harry Tuttle]

The 19th century was harder on America and the world. Yet we survived.

Oh, and the 1999 bust was because of an over inflated market. Sheesh.

[Ned]

Originally posted by Master Zen


So now a boom causes a recession???

Man, what a f*cked up logic

In a way, yes. It happens when you choke off the boom by sucking money out of the economy big time. That is what happens when you run surplusses.

Some time ago I posted here an article by some economic professor warning, in '99, that the then current surplus was not a good thing. The article showed that almost all prior recessions and depressions in the US were coincident with surplusses. Indeed, a major cause of the '29-'32 debacle was that Hoover and his Republican crazies kept trying to balance the budget as the economy collapsed.

[Ned]

Re: Re: Re: Has the current presidential administration doomed our future?

Originally posted by Master Zen


Indeed. Wasn't new to Reagan who is noticeably absent from your list.

Guess Nicaragua, Iran-Contra and Lebanon don't really count.

And guess political support of Iraq during their war with Iran and support of the Mujahadeen in Afghanistan didn't end up biting you people in the ass years later...

Wait, I keep forgetting that for some people Reagan is even more infallible than Jesus Christ.

The list was about "screwups" for which the president was responsible.

[BlackCat]

Originally posted by Dr Strangelove


Yeah, the Wehrmacht planners then felt they couldn't possibly have worked the invasion of the USA in until 1947. Roosevelt was definitely jumping the gun on WW2.

Just to clear things - if he really did do it, I think it was a smart move

[Ned]

Re: Re: Re: Has the current presidential administration doomed our future?

Originally posted by Urban Ranger




Comparing Clinton's personal affairs with GWB's massive mishanding of domestic and international issues.

BTW Bush's list should be much longer.

As could Clinton's.

But, HONESTLY, what are Bush's other screwups than mishandling post-invasion Iraq that everyone agrees was caused by insufficient troops.

[Ned]

Originally posted by Dr Strangelove


Yeah, the Wehrmacht planners then felt they couldn't possibly have worked the invasion of the USA in until 1947. Roosevelt was definitely jumping the gun on WW2.

Dr. S. Don't think so much about Europe. Think about Japan.

Roosevelt declared economic war on Japan prior to Pearl Harbor.

However, I think Roosevelt was right to do so.

[Ned]

Originally posted by rah
And you never know. 100 years from now it may be written that Bush helped the economy recover after 9/11 and helped introduce democracy to the middle east. We already have somewhat rosey glasses looking back at Reagan so it could happen with Bush.

RAH, the thing about this "Bush" hatred is that it is a "leftist" phenomena. Viewed THAT way, Bush's presidency must be doing something right.

[BlackCat]

Originally posted by Ned


In a way, yes. It happens when you choke off the boom by sucking money out of the economy big time. That is what happens when you run surplusses.

Some time ago I posted here an article by some economic professor warning, in '99, that the then current surplus was not a good thing. The article showed that almost all prior recessions and depressions in the US were coincident with surplusses. Indeed, a major cause of the '29-'32 debacle was that Hoover and his Republican crazies kept trying to balance the budget as the economy collapsed.

Now you have got me worried - billions are rolling into the country and in a few years both out and inland debts are paid. Does that mean that shortly after we are doomed to a total collapse ?

[Lorizael]

Originally posted by Ned


Dr. S. Don't think so much about Europe. Think about Japan.

Roosevelt declared economic war on Japan prior to Pearl Harbor.

However, I think Roosevelt was right to do so.

Roosevelt also did that thing. With those camps. And the interning. After the war had started, obviously. But some might view that as a mistake of sorts.

[Lorizael]

Originally posted by Ned


RAH, the thing about this "Bush" hatred is that it is a "leftist" phenomena. Viewed THAT way, Bush's presidency must be doing something right.

Wait wait wait wait wait. 32% approval rating. 68% of America is not "leftist".

[Ecthy]

Bush is already one of the greatest US presidents ever.

[Lawrence of Arabia]

Bush: great president or greatest president?

[Ned]

Originally posted by BlackCat


Now you have got me worried - billions are rolling into the country and in a few years both out and inland debts are paid. Does that mean that shortly after we are doomed to a total collapse ?

The bottom line, BlackCat, is that public debt is good and deficits are good. Both drive economic expansion.