Quote:
|
Originally Posted by loquitur
Actually the S&L market collapsed due to regulatory bungling, bait-and-switch by the federal govt and a few shady operators. I worked on some of the clean up from that mess and it was ugly.
|
Wait, can you clarify who you're blaming?
Quote:
|
Originally Posted by loquitur
Bush raised taxes because he was politically boxed in. The purported huge debt was not, as a percentage of GDP, all that big. But irrespective of the REASONS, if your theory is that raising taxes leads to prosperity a la Clinton in '93, you still have to explain Bush I.
|
I just did. Applying the model can't work when outside circumstances, such as the S&L collapse, corrupted the market and caused a recession.