Quote:
Originally posted by Dragonlich
Nyenrodian, as much as I dislike Bush... I think you're totally wrong.
Clinton did not do anything special to pull the country out of a deficit; with the economy soaring, deficits were turning into surplusses all over the world. Bush took over when the economy was starting to go down, hence he "turned the surplus into a deficit", like every surplus worldwide turned into a deficit again.
"It's the economy, stupid", not the president in charge - you only notice results of current programs years down the line.
Anyway - I dislike both of them. Clinton was a lying bastard, while Bush is too stupid to lie.
|
Even if the economy was soaring it takes a good president and mostly staff to guide the economy. If you let it loose completely the booms will be high, but brief. Clinton extended it for a long time. Together with his staff and the FED of course.
Bush is just an ass hole.