Quote:
Originally Posted by jviehe
Looks like its time for more tax cuts, but that wont happen till 2008 and only if Republicans retake congress. Now that the Dems have congress it will be interesting to see who the media blames when the economy is not so rosy. I assume it will be Bush as always, but what happens if it cotinues down and a democrat is president. Will they get the blame like Bush did in 2001 or will Bush get the blame still. Im guessing the latter. Luckily even a small increase results in nearly 200 billion more dollars in peoples pockets.
BEA: News Release: Gross Domestic Product |
Speculation about who will be blamed seems to be an exercise in futility.
It's laughable to attribute the success or failure of the market to any president and yet people waste their time doing it anyway.
You can make a case, however for Presidents who start wars because war does have a major impact on our economy. There have been very few presidents who
started a war. Bush is one of the few to that does have that distinction.
However, the blame should be credit in his case, because while the war has done nothing for middle class Americans, the richest Americans and the corporations are reaping huge benefits and profits from the war and the market has reflected it.
06-05-2007
commies!?!?1
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