| Topic Name: |
How bad is this job market? |
| Message Name: |
Response to response: W et al. |
| Date Posted: |
09/02/2004 |
| In Reply To: |
You state that "If there's anyone to blame, it can be dropped on Slick Willy and his band of merry men in the senate during the 1990's. It was one big party and NOTHING got done for eight years while the Dems rode on the prosperity brought on by Reaganomics." I ask you in response: Which political party controlled the U.S. House of Representatives and U.S. Senate from January 1995 through the end of Clinton's second term in January 2001? Do you agree with Vice President Cheney's statement that "deficits don't matter."? |
| Message: |
I read the comments about Bush and the economy. The truth is never contained in one administration's work. Clinton did some things well, some things poorly. He was smart enough to oppose his party's Big Labor element and support free trade. He also signed welfare reform under duress of not getting re-elected. He also cut capital gains taxes, which helped spark an investment boom. He fell back on Democratic dogma though in not seeking reform of social security and medicare, and also foolishly kept marginal tax rates too high when the economy was weakening in 2000. Bush has shown extraordinary leadership even though he too can get it wrong: steel tariffs, more government, not advocating school vouchers. Still, we've been moving rightly toward free markets over the past 25 years and this is good. We can thank a lot of people for this. I hope eventually it will help all of us post-collegiate, post-MBAs get careers established.
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