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Originally Posted by willravel
Wait, is this the same logic by which we attribute the economic growth in the Clinton Administration to the Bush and Reagan Administrations?
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Yes. Reagan laid the foundation for economic prosperity in the 90's. Clinton did not do anything material to upset the foundation laid by Reagan. Bush's tax cuts will allow our economy to grow at a moderate pace over the next 5 to 10 years. However, some of the fundamental problems facing our economic futures are being ignored in Washington. Social Security and Medicare will ruin the economy given the limited projected growth in our labor force in the decades to come (especially without a guest worker program and what many call amnesty).
We certainly have our problems and issues, as does Venezuela.