Posted on 10/08/2002 4:12:56 AM PDT by SJackson
Edited on 04/22/2004 11:47:15 PM PDT by Jim Robinson. [history]
James Carville achieved fame with, "It's the Economy, Stupid!" to remind his 1992 Clinton campaign team to saddle President George Bush with the 1990-91 recession. The U.S. economy was actually recovering in 1992 but that didn't deter the Clinton spin experts. The rest is history.
(Excerpt) Read more at online.wsj.com ...
According to Bush Sr., one of Clinton's spin experts was Alan Greenspan. Then Clinton hid the economic downturn which began before GW was elected. According to Robert Novak I think it was, Clinton doctored the books by 30%.
Yep, the jobless rate is declining for the 2nd srtraight month. But the shipyards in the West are shut down, which is getting really fishy now since the only argument left on the table is bar codes. The Saudi investers are skittish. Some of them might have dumped their stocks, I'd imagine. And the liberal media whines on a regular basis about this 'disatroustrous tax cut economy'.
Yes it most definitely is getting fishy. FYI...and of course, this was NOT covered by network news, wouldn't want to let the sheeple know what the Dems are REALLY up to...from August 16, 2002...
Contract, Yes! Government intervention, No! was the message of the International Longshore and Warehouse Union (ILWU), the AFL-CIO, Senate Majority Leader Tom Daschle (D-S.D.) and many mayors at rallies up and down the West Coast, Aug. 12. Thousands took to the streets in protest of a threat by the Bush administration to take over ports militarily in the event that the union decides to strike.
Im here because I think you are right on track. The stakes could not be higher, Daschle said to the Portland, Ore., rally. I say this administration is wrong, wrong, wrong, and youve got every right to fight, fight, fight! We will be with you until the last day to see that you get what you deserve, Daschle said as he pledged that Democrats nationwide would defend the unions right to strike.
Backing that message were other prominent Congressional Democrats including Sen. Ron Wyden (D-Ore.) and Rep. David Wu (D-Ore.), who joined Daschle in Portland; Sen. Barbara Boxer (D-Calif.), Reps. Barbara Lee (D-Calif.) and Grace Napolitano (D-Calif.) and House Democratic Whip Nancy Pelosi (D-Calif.) sent strongly worded messages to the rallies.
This is a very good article -- a good summary and perspective on what is going on during this election season.
I believe the "Clinton doctored the books by 30%" factor you're referring to was the elevated estimate of corporate profits (both historic going back to 1999 and forecast for 2000-2002) that was a major contributor to both the pace of the economy and federal revenues (surplus). This, like so many things "Clinton", turned out to be a mirage, a prevarication, a lie.
Our economy is in trouble here, but the Demos are anxious not to dig into the "why": $8.3 trillion of shareholder (American citizens) wealth has vanished since March 2000 (Slick Willie still in office). Both the stock market bubble and its subsequent collapse had their origins and, in large measure, their causes in the Clinton administration. One of the reasons for the stock market bubble was the cooking the books at Worldcom, Enron, etc. and the whole world of ethical lapses that had their origin (if not their inspiration) in the Clinton Administration.
Taking $8 trillion of "wealth" out of the American economy has to have a devastating impact -- and it is being felt in many places in our current economy. Now the Dems are trying to pin the blame on Bush... What could be the reason: his tax cuts? Would the Demos propose reversing those tax cuts now? That would be good for the economy, right?
I would like to see Bush be more aggressive in pushing investor-friendly tax-cuts and in simplifying the tax-code (flat tax) -- that would be another huge legacy for W along with a successful war on terror. Compare that legacy with the flacid, don't look too closely into anything, character doesn't matter administration that came before W.
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