Quote:
posted bu aliali
The pres. cannot control the economy and can't stop it from cycling up and down, but the policies do have an impact
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Ouch, we're not willing to hold him responsible with
massive tax cuts accompanied by massive spending. Really? I'm afraid the last four years have made me a little honeymoon shy. It sounds like an excuse already built in, I already hold him responsible for the disaster I see coming, economists have been discussing our negative income(growing deficit), thirty percent annualy was the figure I seem to remember from Paul Krugman ,Princeton economist and New York Times writer(the left wing press to Republicans) Our situation is similar to a third world country at this point according to Krugman,he used Argentina as an example. The fantasy that rising income will erase the deficit was suggested by Bush in a speech today (110404) which sounds eerily like Saint Reagan's voodoo economics, discredited by virtually every
real economist while Reagan was in office, but fortunately, the current administration doesn't even seem to rely on economists.