You might recall, President Bush inherited the legacy of a recession from the former administration. There are two ways to stave off a recession: cut taxes; increase government spending.
Oh yes: "Increase government" spending.
Perhaps I've missed THAT discussion (you know: a thread not about "illegal immigrants). However, the spending matter does deserve attention.
When an economy is going into a recession, that means money supply is tight. That means investments stop. That means people get laid off or not hired. That means they have "NEEDS". If the government spends it keeps the economy flowing while market corrections can be made. If a tax-cut is also offered therein, that means not only is a "staving off of the recession" accomplished; BUT money vis a vis "the invisible hand" is put into the hands of EVERY SINGLE INDIVIDUAL to spend, save, or invest as they will. This not only recedes the recession it blast starts an economy.
And yes, I think both were done very well by the Bush Admin. Had he NOT increased government spending.. guess what? Folks would have been out of work. Need I really lay out for you exactly what the "hate Bush" crowds would have done? They would have furthered the recession through their usual brand of "MSM-inspired" pessimism. And then, of course, the actual concerns of unemployment, lowered GDP, exchange rate markets. etc.
So, no. I am not as concerned about the "spending" as you are. I see a long-term effect of it all. And it's a good one. Short-term, sure... it can be of grave concern.
But when I figured out, a month or so back, what the Dem Strategy was -- I knew they were doomed. Their strategy is one of growth! Of brave new directions!
They've gone from me! Me! ME!
to
The three "I"s: Immigration, Inflation, Imhotep.
President Bush has done exactly what he promised he would. And he's been stellar on the economy which! ALSO happens to involve other countries in this mutual feedback thingee we all have called "trade". I know it's hard for some to understand "money" to other countries. But the truth is? It ends up coming back to the United States. So, there ya are.
I wonder what we do with the 9 trillion in debt?