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Senior Contributor

remember how smart gw was

he had a 5 trillion debt obammy has 17 and begging for more --sure makes wubya look smart--where are the libs now ???

14 Replies

Re: remember how smart gw was

Sounds like you've been getting your facts from Fox.

 

Bush nearly doubled the national debt in his 8 years- from about $5.6 T to $10.9 T. Under Reagan it went up 150%.

 

http://www.usgovernmentdebt.us/debt_deficit_history

 

A better insight, look at enemployment.

 

http://data.bls.gov/timeseries/LNS14000000

 

That is where the Bush catastrophe can be clearly seen.

 

As I've said before, the fact that the income gains were meager and clustered in the higher income strata even with the huge deficits and massive equity extraction from housing flowing into spending indicates that something was going wrong structurally at that time.

 

Which might be the basis for some reasonable discussion, which ain't gonna happen here.

Senior Advisor

Re: remember how smart gw was

I told him before his math was lacking. He needs to take time off from the paper route to take some basic math classes.

Senior Contributor

Re: remember how smart gw was

Millie. It is about now you wished you had shut your ignorant mouth. Although you do provide entertainment for us.
Senior Contributor

Re: youre acting a fool again

just grow up and debate the facts instead of acting stupid

Senior Contributor

Re: what is it under obammy

GOTCHA !!!! i see your jealousy is still shining

Re: remember how smart gw was

And...

 

if you look at the unemployment chart, it was pretty low in the middle of the Bush years (and then exploded at the end).

 

But nevermind the end even though that's an essential part of the story. In standard macro, when you're running near full employment, running a deficit and have very low interest rates it is time to either raise taxes or interest rates.

 

Greenspan stairstepped rates up in a tiny manner and the tax cuts remained. More evidence that Republicans were either addicted to an ideological cause (yes, at the talking head level) or simply engaged in a social re-engineering project whereby it was necessary to produce a "strong economy" while Rove went about the work of funding friends and defunding enemies. Check also.

 

That was exactly what he was talking about in regards to a permanent republican majority.

Senior Contributor

Re: remember how smart gw was

So you want to debate facts about GWB increasing the debt by 300 per cent in his term? Ok let it rip!
Senior Contributor

Re:guess you missed obammy

who increased debt more than any amnerican leader ---oh ye of little iq wanna try again

Senior Contributor

Re: remember how smart gw was

There is little point pouring water into a bucket full of holes and expecting it to fill. But that might be a little deep for you.