Redfish
Diamond Member
Bush's tax cuts were across the board. That's why Obama had to limit the repeal to middle class payers.I can't speak for the right wing but giving presidents credit for the performance of the economy is moronic.nothing reagan faced that will ever compare to what oama faced ... the banks failing the car companies failing the market crashing ... and you're trying to say Reagan did a better job then Obama ??? the problem you right wing nut jobs have is you refuse to see democats greatness when you see it ... that would force you to agree ...In the 1980s, the Soviet Union was engulfed by a multitude of problems. The economy, especially the agricultural sector, began to fall apart. The country lacked technological advancements and used inefficient factories, all while consumers were buying low-quality products and suffered from a shortage of social freedoms. To reform the distraught Soviet Union, the democratization of the Communist Party was promoted through Party Secretary Mikhail Gorbachev‘s policies of “perestroika” and “glasnost.”
Perestroika refers to the reconstruction of the political and economic system established by the Communist Party. Politically, contested elections were introduced to reflect the democratic practices of Western society and allow citizens to have a slight say in government. Economically, Perestroika called for de-monopolization and some semi-private businesses to function, ending the price controls established by the government for the past seven decades. The goal was to create a semi-free market system, reflecting successful capitalist practices in the economies of Germany, Japan, and the United States. Unfortunately, such an economy took time to thrive, and people found themselves stuck in a worn-out economy, which led to long-lines, strikes, and civil unrest.
Cold War Museum
Very true.
Basically a president can do two things. Keep the economy ticking along as it should, or he has the potential to destroy it. Bush's policies such as warring, helped to cause problems, however he wasn't the only one guilty.
He was the only President in US History to call for a tax cut, mostly for the wealthy and going to war at the same time. Then he ordered the military to attack the wrong country....?
the bush tax cuts cut taxes for everyone who pays taxes. Obama extended them when he could have repealed them, so accurately they are the Bush/Obama tax cuts.