Wednesday, September 5, 2012

Recessions and depressions are NORMAL


It's a fact that the economy at the end of Clinton's term was getting bad the country was in a recession by January of 2001 (google it.) . Did the recession happen while Bush was President...yes. But economic forces don't shift in three months...Did Bush fix it the right way? NO. He was just as much a Keynesian as Obama is...remember when we all go checks from the government? Stimulus packages from the Fed are RUINING this country and no matter what the consequences, even if it means depression, it needs to happen to right this sinking ship!!!! We are borrowing money from ourselves!?!??!??!?!
The 90's under Clinton were great because he worked with the Republican Congress. The President gets too much credit when things go well and too much blame when they don't. Americans don't think critically enough to understand that most economic policy comes from Congress. The President has a hand in it but spending and taxation comes from Congress. Of the four years Obama has been in President his party controlled both houses of Congress and the Presidency for two years and they controlled the Presidency and Senate for the rest of the time. Democrats own our current economic state...they didn't start the fire but when they had a chance to grab an extinguisher, they chose gasoline.

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