Posted on 12/06/2002 8:39:39 AM PST by CanisMajor2002
Dumbya is kinda slow, just like the Dems say, isn't he? It took Clinton only a year to turn around the $290+ billion deficits, skyrocketing unemployment, and stagnant DJIA he inherited from Dumya's daddy. When Clinton left office the DJIA was regularly setting records, unemployment was less than 5%, and the world was at peace.
Prediction: 2 years from now the Bushies will still be blaming Clinton for the abject failure of their wild economic schemes, failed domestic policies, and unthinking foreign adventures. Don't forget it's been 494 days since Dumbya promised he would get OBL "dead or alive".
Maybe Kudlow should run for President instead. A little coke use didn't hurt Dumbya's chances in '00, did it?
ROTFLMAO!, Perhaps he is slow but he sure managed to clean the rats clock last month didn't he? Just for the record, the deficits began dropping after the GOP congress was put in place, BTW Clinton inhereted an economy that was growing at 5%/yr the 2 quarters BEFORE his sorry butt was inaugerated. You make this too easy, now back under your slimey rock ;-)
Ahhhh yes.The least of Clinton legacy of death and dispair. Good you brought that up. Bush has a lot of work to do to fix that. What a bloody mess !
Thank God for Reagans trickle down tax break and the end of the cold war. Did Clinton walk right into an inheratance, or what? He was givin a gold mine! Too bad he blew it. What a waste of a presidency he was.
As MurryMom states as she is "relaxing" in the hillary spa mudbath, with her eyes covered with cucumber slices that were sensuouly handled by william jefferson clinton.
My guess based on the inordinate amount of discussion of these resignations that many bosses in the government and press sector tolerate substandard performance.
Thankfully, President George W. Bush has been in corporate America and knows the rules for success.
Reuters, 12.06.02, 5:57 PM ET
By John Crawley
WASHINGTON, Dec 6 (Reuters) - House Speaker Dennis Hastert on Friday blasted a special government board's rejection this week of a $1.8 billion loan guarantee request by United Airlines (nyse: UAL - news - people), a major employer in his home state of Illinois and the nation's second largest airline.
"This is clearly a wrongheaded decision for our nation's economy on so many grounds," Hastert said in an usually strongly worded statement.
Hastert, a Republican, led a high-profile lobbying campaign on behalf of Chicago-based United, which employs 83,000 people and could be headed for bankruptcy court in the coming days.
He discussed the matter with President George W. Bush and his senior economic advisers, including ousted Treasury Secretary Paul O'Neill, in the weeks before Wednesday's decision by the Air Transportation Stabilization Board.
O'Neill, who resigned under pressure on Friday along with top White House economic adviser Lawrence Lindsey, designated Treasury undersecretary Peter Fisher as his representative on the three-member stabilization board. Fisher and Federal Reserve Gov. Edward Gramlich were the decisive votes in rejecting United's application.
In a statement, Fisher said that United's business plan was "fundamentally flawed." The board questioned United's revenue projections and its ability to repay any loan supported by a federal credit guarantee.
Industry sources have said the stabilization board's refusal to grant United a loan guarantee will likely force it to seek Chapter 11 bankruptcy protection perhaps as early as this weekend.
"The timing of the ATSB's ruling could not have been worse," Hastert said. "We're in the midst of the busiest travel season of the year and it simply does not make sense for the federal government to shake the confidence of the traveling public at this critical time."
Separately, the union representing 13,000 machinists and other workers at United called on Bush to immediately reconsider the stabilization board's decision now that O'Neill has resigned.
"The decision by O'Neill's designee to withhold critical financial assistance to United Airlines must not be allowed to stand,' said Thomas Buffenbarger, president of the International Association of Machinists.
A presidential spokeswoman said the White House respected the board's decision.
That's a good point. I remember Margaret Thatcher criticized Reagan for not cutting spending. It is true that the more prosperity, the more tax revenues and the more government spending. Still, I think more prosperity is worth it, and with lower taxes we will see more economic growth.
It sure would. Bush could then praise Putin for leading the world economy and strengthen the US/Russia friendship.
I would regretfully add Newt and Kasich to that list. They changed the paradigm from growth back to (phony) balanced budgets.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.