8/27 Rising tide has not been lifting all boats:
http://krugman.blogs.nytimes.com/2008/08/26/about-that-bush-boom
\_ dems, always wanting a handout from highly productive republicans
</sarcasm>
\_ Look at all the whining people in the comments. "Master's degrees
from esteemed universities mean little ... journalism" LAUGH.
This article is stupid though: the data shows improvement from 2006
to 2007 yet Krugman is talking about fantasyland 2000 numbers.
\_ "These increases in earnings follow three years of annual
decline in real earnings for both men and women."
\_ Economics aren't important when you're a POW!
\_ and? do you think the 2000 economy was long term viable
and bush came in and screwed it up?
\_ Yes, I think Bush and the Republicans have been terrible
stewarts of the economy, don't you? The situation in 2000
was no where near as bad as what we have today.
\_ Which actions or nonactions can you put your finger on?
The NASDAQ crash was in March 2000.
DJIA crashed after 9/11/2001.
Why was 2000 so much better than today?
\_ Oh come on. How about a little problem like doubling
the national debt? Blowing $1T on a pointless war?
Giving a huge tax cut to his rich cronies, who of
course invested it (mostly overseas) instead of to
the middle class, who actually would have spent it,
boosting the economy. Adding a budget busting
drug benefit to Medicare, right when we could least
afford it. Should I go on?
\_ Yes but Democrats also voted for that pointless
war and continued to fund it. (do you really
think the war was utterly pointless?)
Medicare drugs? McCain voted against it. Democrats
passed it.
My point, which I'm tired of having to bring up
repeatedly, is that you keep fingering Republicans
for things that both Republicans and Democrats did.
And yet you aren't independent.
It's partisan stupidity.
\_ A majority of Democrats voted against the war,
and also against the Bush tax cuts. You seriously
believe that Iraq isn't "Bush's War"? You are
delusional. All this happened with a GOP President
and a GOP Congress, so yes, they are the ones
responsible. I forgot another one: the whole
housing bubble/meltdown, which Bush encouraged
and failed to do anything about, when he should
have been regulating the IBs. No, I am not
independent. I used to be, but Bush convinced me
to join the Democratic Party.
\_ Bush should have regulated IBs? Don't you think
Congress has some responsibility there? What
exactly should they do? A whole lot of people
bought houses who shouldn't have. That's the
people's fault, just like the dot bomb.
What about the Greenspan and the Fed? Greenspan
was appointed by both R's and D's. Greenspan
admitted that the housing bubble was
engendered by the decline in real long-term
interest rates"
Why do you ignore what happened in 2000/2001?
Where do you think the blame lay there? Bush
again? We have had a Democrat Congress since
2006 and they have done pretty much nothing
different. Furthermore there were no Democrat
initiatives addressing the housing bubble.
\_ 2000/1 is mostly the responsibility of
Bill Clinton. It is the Executive branches
responsibility to control the money supply,
all those fools would not have bought houses
if the Fed and the Treasury Dept had not
been asleep at the switch when the IBs
created all the unregulated money. It would
have been easy for them to turn off the tap,
they just believed that the "invsible hand"
would sort it out. The Democrats have had
how many bills blocked or vetoed since 2006?
The GOP had six years of total power and
they fucked it up. Why are you making
excuses for them? Greenspan is a Randoid
from way back, in no way shape or form
is he a Democrat, nor believe in any kind
of liberal policy framework.
\_ Laugh! Clinton appointed him too.
You tell me how many relevant bills were
blocked or vetoed. Bush only has 12
vetoes so those should be easy for you.
I'm not making
excuses for the R's. IMO the real
problems are ignored by both parties
and people like you. (e.g the Fed)
Obama talks about change but he is not
effectively different from any mainstream
republicrat.
\_ I am not going to try and explain the
very complicated topic of bank
regulation here, but suffice to say
that the Executive alone, via the
FDIC and the OCC has a huge influence
on the money supply. Clinton was pretty
much a moderate, true, but he was still
a much, much better stewart of the
economy than Bush. Obama will reverse
the worst Bush tax cuts and also end
the Iraq War, if nothing else, that
will improve our fiscal deficit. He
is also talking about a middle class
tax cut and infrastructure spending,
which shold help the economy more. No,
you won't get a revolution from either
party in America, people are too
complacent here to want that. And
surely you know the rest of the
Greenspan quote you pulled from
wikipedia, where he stated that asset
markets put credit control out of the
Fed's hands.
\_ Which is obviously false. Greenspan
of course wants to duck
responsibility.
I like the Bush tax cuts. I just
hate the Bush/Congressional
spending.
The Iraq War is going to end up
about the same, Obama or not.
I don't want more gov't spending,
I want less. Middle class tax cut?
Maybe if you redefine middle class.
\_ Every family maing under $150k/yr
That isn't middle class to you? |