DGS49
Diamond Member
- Thread starter
- #21
It is the same now as with President Clinton. The economy improved while he was in office and Dems still try to take credit for that, but when asked to name ONE THING WJC did to help the economy, they are tongue-tied...because the only things they can point to are NAFTA and "welfare reform," both of which had to be shoved down the Democrats' throats.
As for Barry, he had the benefit of taking office immediately after the "emergency" measures were taken in 2008 to try to offset the disaster of the bursting of the housing bubble. Thus, the extraordinary deficit in Bush's last year, driven by an emergency largely created by progressive Democrats pushing preposterous housing objectives, is the "baseline" against which Democrats now want to measure Barry's (and the Democrat Congress') profligate spending. So Barry's deficits in the years after 2008 appear (to the ignorant) to have moderated the excess of Bush's last year...but of course this is a false picture.
This "recovery" is in fact the worst in U.S. economic history. Our economy has always been cyclical with recessions followed by a surging growth, but in this case the recession has been followed by slow, organic, almost non-existent "growth," fueled merely by government deficits and immigration. As a general proposition, the number of new jobs created is barely enough to cover the new adults entering the job market.
As for Barry, he had the benefit of taking office immediately after the "emergency" measures were taken in 2008 to try to offset the disaster of the bursting of the housing bubble. Thus, the extraordinary deficit in Bush's last year, driven by an emergency largely created by progressive Democrats pushing preposterous housing objectives, is the "baseline" against which Democrats now want to measure Barry's (and the Democrat Congress') profligate spending. So Barry's deficits in the years after 2008 appear (to the ignorant) to have moderated the excess of Bush's last year...but of course this is a false picture.
This "recovery" is in fact the worst in U.S. economic history. Our economy has always been cyclical with recessions followed by a surging growth, but in this case the recession has been followed by slow, organic, almost non-existent "growth," fueled merely by government deficits and immigration. As a general proposition, the number of new jobs created is barely enough to cover the new adults entering the job market.