onthebottom said:
Times were good during the last 5 years of the Clinton presidency, it was called the Internet and the stock market, but hey, who's heard of that..... classic bubble economy actually. OTB
Not true. Clinton raised taxes to pay down the debt from George W, Bush Jr.'s Daddy and he (Clinton) lost the congress in the process. Then Clinton pushed for investment into the economy with that money for the boom during his last 3 years. But in order for the boom to happen in which the wealth was distributed to everyone and created jobs and income for just about all with great salaries and ease to pay taxes and social security, it was the original 1993 tax increases that had to happen. To get the $$ that Bush Junior won't take in, especially during a war. Bush Jr. doesn't even care about America, that's why I dislike him so much.
The Internet was a small part of the 90's boom, less than 5% and the stock market boomed on those tech stocks. But, people of all walks of life were getting money and poverty was lowered. And the push for a national health insurance kept those health insurance company pigs from pushing rates up too high! Look at what Bush Junior is doing to business with skyrocketting health insurance! The Republicans are trying to take credit for the 90's boom, but it was Clinton and his good finacial advisors like Robert Reich that helped the economy. It even helped Donald Trump in real estate. I say this not only from what I know, but what Clinton said just last Saturday 10/29/05 in Texas, a magnificent speech.
Now George W. Bush Jr. made the "bubble" look like a bubble, when it was not a bubble. And he did that simply to do what he said he was going to do....his obsession with Saddam Heussein, a ghost. And his thumb sucking obsession has hurt many Americans, but he won't get away with it. Dick Cheney is next for indictment in which you will see Bush Jr. proven to be involved. And the Republicans will lose big in 2006, not because they are Republicans, but because they just suck.
So who's funding the rich to get richer, the poor to get poorer and wars in Iraq? China. We go to the Bank of China to get money for them to invest into our debt because in order for China to survive, America has to survive to buy their huge number of imports. And this borrowing is funding the fake war. If China suddenly decided to go another route and invest into Euros, America's economy is finished. But, of course, that won't happen. For a 1990's boom economy, Bush Jr. must be forced to resign and Cheney indicted. Otherwise, we are going to have many more poor people in America, less millionaires and the rich getting richer on the fingers of communist China and the backs of dead American soldiers. And when Google crashes, you'll just hate Bush Jr. for what he is.....just blame Bush Junior.
With the White House weakened, business can then stimulate the economy for the remaining 3 years and reinvest all that money into the people......we sure hope. Health insurance companies must be fought and stopped. The FTC ruling allowing doctors and pill companies to have commercial ads must be halted and deemed illegal. This is how to stimulate the economy. Take the money that's in the wrong place and get it into the people. This way the people can buy products, cheap products and save money. And with people having big incomes, everything gets paid off quickly. The US Dollar should be worth 300 yen, but it isn't because George W. Bush Jr. and criminal John Snow (who is about to retire) don't want it that way. Dick Cheney wanted $60.00 oil and he got exactly what he said he was going to do.....get $60.00 sustained oil.
We have the evidence now. 12 years the Republican way, 8 years the Clinton way, and 5 years the Bush Junior little boy way. I'll take the Clinton way and Steve Forbes.
That's my take. It's the money. I want the money, if there's so much of it.
Gyaos Baltar
