Quote Originally Posted by 'Kissell13',index.php?page=Thread&postID=71966#pos t71966
I actually believe the exact opposite of that statement. In my opinion, there is a lot of people out there who have had enoughh of the bad economics that the current presidential staff has so kindly created for us over the last 8 years. Personally I say put Bill C back in charge. He had the economy going strong and I believe that the American populace is ready for democratic party in the white house again. That being said, I know jack about politics and its all just my 2c
Were you alive and watching the news in the 90's? Bill C isn't any better than what's gone on the last 8 years. The *economy* may have looked good on outside numbers (GDP, surplus, unemployment), but ask the millions of Americans working manufacturing jobs in the Midwest/Northeast how well NAFTA and outsourcing has worked for them. Policies enforced by Clinton have only continued to screw a large portion of people in this country during Bush's terms. Clinton pushed for permanent trade privileges with China in 2000 that severely had an adverse affect on American workers and further pushed the trade deficit in China's favor. Chinese goods are subject to a 2.5% tariff entering the USA. Our goods are subject to a 25% tariff going to China. Do the math. Bill C's policies is what caused the worry over inflation enough for Greenspan to lower interest rates to all-time lows around 2001. (Remember the Fed always reacts to the economy later than usual, so Bill's last years is what led to 1% interest rates.) These insanely low interest rates is what led to the housing boom, and subsequent greed among lenders, followed by the bust, which is now the primary cause of our bad economy. In 2000, the US Census Bureau reported that the income gap between rich and poor widened during Clinton's years, and every household income below $80,000 lost ground during the Clinton years. The median income relative to inflation (where half the people make more, and half make less), was lower when Clinton left office in 2000 than 10 years prior in 1990. I don't agree with many of the decisions of the Bush administration over last 8 years, but the primary issue in our economy was caused directly by the 1% interest rates from the end of the Clinton administration and the continued disregard for supporting the middle class economy. It's only the very wealthy end of the economy that has continued to improve. Both Clinton and Bush administrations were bad for this country if you're making under $200k a year, which is around 97% of the nation.