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I'm with you 100% on your analysis. My simplistic (partial assessment) goes something like this: Clinton built a bubble via the dotcom boom to make his economic stats look positive and for people to feel good. That bubble burst and so the new Administrateion reinflated it with government and personal borrowing for housing, infrastructure and the like. When they didn't have enough workers to build their house-of-cards and inflate the numbers, they imported them via open borders. When they still didn't have enough money to pay for it, they created CDOs and other derivatives. And so on. The CDO/CDS arrangements allowed lenders to quickly purge the risk/liability from their books and to use their profit taking for lavish gifts upon their favored politicians. Lots of back scratching going on...

I remember when people started to float the "economy only bad since the Dems took over" mantra in 2006 and just shook my head. Until the electorate takes their head out of the ground and looks at what is happening, our chances of having a free country left are looking worse and worse.

RE :”I remember when people started to float the “economy only bad since the Dems took over” mantra in 2006 and just shook my head. “

I have seen many recent posts/replies using the argument that the GWB tax cuts promoted 5 years of historical economic growth, but Barney Frank crashed economy in 2007 or 2008 with his CRA home loans. Carter and Clinton's names are mentioned at fault too. Oh yes, and all those tax revenues the government got in 2005 and 2006, proof that the GWB tax cuts worked increasing revenue, the GWB economy. Forget the national public and private debt, that was all democrats fault.

I wouldn't even mind as much if these idiotic talking points sold, but they failed badly last election because they are not believable. Yet they not only continue this but they even claim to not repeat them mindlessly will hurt republicans.When you try to point out the illogic you are accused of helping democrats (it's a bit late for that, THEY WON!)