Posted on 08/06/2010 6:35:20 PM PDT by ChicagoConservative27
Heard something tonight that floored me about Bush 41.
Lady who cuts my hair was telling me that she watched a show on the History Channel a while back called the "Presidents".
She said they bashed, Clinton, Carter, LBJ, and FDR for their economic polices. Group of professors did the studies.
They claimed that the boom of the last 25 years and the 90's boom was caused half by Reagan and the other half from Bush 41 raising taxes.
They said Bush 41 knew this would sink him from getting reelected. He did it cause he know a crisis like the one we are having now would have came earlier.
I was wondering how someone whould find a way to blame economic liberty, and by extension, the rest of us for Bush 41’s tax policy. Thanks.
Thanks for the ping!
Great post. Impressed.
NP.
They succeeded in reforming welfare, but the only thing they ever cut was the defense budget. I mean literally cut funding below the previous year for two years.
Spending on other parts of the budget increased, as did the national debt. (I’ve got the charts somewhere...)
Gingrich and the rest merely restrained Clinton. They did the best they could I guess.
They lost the House in 1954.
Free trade is good for America if the other countries practice free trade. They do not. Free trade also devoids strategic considerations. Free trade is good, gee those trade deficits don’t hurt. Gee teaching the Chinese how to manufacture our electronics and write our software doesn’t help the PLA???!!! Free trading freepers should not be complaining about the rise of PLA threat if they are the ones advocatng policies that help it modernize. Free trade is great until War in Iraq and we cannot get the hard steel and tungsten needed to up armor our HUMMVV because we moved all those mills to China. How about running out of bullets and forced to buy them for Taiwan and South Korea at the height of the op tempo and our sole gov factory could not crank it out. During WW2 we had a manufacturing base that built over 2000 capital ships, 12,000 frontline aircraft and ammo/munitions for 12 million man force plus all our key allies. Where are our steel mills, where are our munitions factories, where are our ship yards, where are they today??!!! Sold to the Chinese and now our high tech industry is being considered for offshoring to India. Average American worker salaries barely kept up with cost of living and only the few on the top saw salaries soar.
In order for Bush 41 to have forseen the current crisis he would have had to have had a forwarning that Islamic extremists would strike a huge financial blow to our economy and that members of the DimocRAT party would knowingly permit the housing market to cause a global financial meltdown. I don’t buy it.
This chart shows you:
This chart shows you that the job losses have been a trend for decades.
As does this one:
You will notice that as employment has declined, manufacturing as a % of GDP has remained basically the same. Our manufacturing base has just changed, not gone away. Blame robots, computers, and other technology for the job losses.
Protectionism only leads to higher prices and inferior union made goods, not more jobs. That is why free trade is a conservative hallmark.
Regarding Republicans “losing the House in 1982,” I stand corrected. They did not take the House in 1980. But, they gained a lot of seats and a working majority was able to be forged between conservative Democrats (mostly Southerners) and Republicans in order to pass Reagan’s first tax cuts. It was that working majority that was lost in 1982.
I don’t doubt Bush saw this mess coming, anybody with half a brain could see it coming but, alas, bush 41 made a deal with the devil and lost his presidency for it.
41’s tax hikes paved the way for BJ Clinton.
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