I thought this was interesting!

[gone fishin]

I cannot remember --- what was the condition of the economy and country before we got BUSH !!!?

[buckman]

Originally Posted by gone fishin

I cannot remember --- what was the condition of the economy and country before we got BUSH !!!?

The economy under Clinton was a fraud. It was all paper money based on a phony internet based economy. Form a company on the internet, sell it for millions. Bill Gates should get the credit for the Clinton economy. And it was tanking when Bush got in.

[spence]

Originally Posted by buckman

The economy under Clinton was a fraud. It was all paper money based on a phony internet based economy. Form a company on the internet, sell it for millions. Bill Gates should get the credit for the Clinton economy. And it was tanking when Bush got in.

Venture cap invests in new innovative ideas and the Buck think's it was a sham

Nice, so when a Democrat is in charge and we shrink the budget deficit it's a fraud, but when Reagan and Bush create massive debt for our kids to pay off I guess we're just being patriotic.

You may want to go back to cut 'n paste

-spence

[JohnR]

Hahaha - the Democratic Congress has done Nada, Nuttin, Not a Thing, but waste space, air, and time. But they also didn't cause this problem.

I think it is disgusting all the people that would rather "Discuss the Issues" & just ramble off the Talking Points of their party, than actually give a bleep about the country . Het, but we're all right of course

[JohnnyD]

Originally Posted by JohnR

Hahaha - the Democratic Congress has done Nada, Nuttin, Not a Thing, but waste space, air, and time. But they also didn't cause this problem.

I think it is disgusting all the people that would rather "Discuss the Issues" & just ramble off the Talking Points of their party, than actually give a bleep about the country . Het, but we're all right of course

Perfectly stated.

[Fishpart]

Spence, the shrinking budget deficit was a result of the capital gains taxes generated by the run up of the stock market, not by spending cuts. Another MASSIVE influx of tax money was the brilliant decision to allow people to rollover previously untaxed capital gains from the IRA into Roth IRA. A brilliant move to fix the problem then, but we will have a greatly reduced tax base in the future because capital gains on the Roth aren't taxed where with a traditional IRA they are.

In addition the consumer electronics that helped fuel the economy for so many years during the 90's are a direct result of REGAN DEFENSE RESEARCH. Next time you make a call on your cell and find your way with GPS thank President Regan. Unfortunately the results of economic policies often take years to be felt, so the people who put them in place typically don't get the credit.

I will not disagree our current President is a bumbling nincompoop, but the current Executive excessive compensation came during the Bill Clinton economic boom years, everyone was making so much in the market that they didn't care how much we GAVE to executives for little or no performance. Don't be fooled, Congress is as much or more at fault than any President, just as the economic problems in RI cna be placed squarely on the shoulders of the legislature who keeps blaming the Governer.

BTW the economy was failing well before Bush took office for his first term, I saw it clearly in the sales of products to the auto industry that were promised but never came through.

[spence]

Originally Posted by Fishpart

Spence, the shrinking budget deficit was a result of the capital gains taxes generated by the run up of the stock market, not by spending cuts. Another MASSIVE influx of tax money was the brilliant decision to allow people to rollover previously untaxed capital gains from the IRA into Roth IRA. A brilliant move to fix the problem then, but we will have a greatly reduced tax base in the future because capital gains on the Roth aren't taxed where with a traditional IRA they are.

It was also largely due to increased taxes on the upper income earners, nor did Clinton increase the Federal budget over his second term which allowed for the surplus.

In addition the consumer electronics that helped fuel the economy for so many years during the 90's are a direct result of REGAN DEFENSE RESEARCH. Next time you make a call on your cell and find your way with GPS thank President Regan. Unfortunately the results of economic policies often take years to be felt, so the people who put them in place typically don't get the credit.

I'm all for more Government sponsored innovation, especially in the acedemic realm.

-spence

[The Dad Fisherman]

Originally Posted by Fishpart

In addition the consumer electronics that helped fuel the economy for so many years during the 90's are a direct result of REGAN DEFENSE RESEARCH. Next time you make a call on your cell and find your way with GPS thank President Regan. Unfortunately the results of economic policies often take years to be felt, so the people who put them in place typically don't get the credit.

Both the cell phone

"1977 - Cell phones go public. Public cell phone testing began. The city of Chicago was where the first trials began with 2000 customers, and eventually other cell phone trials appeared in the Washington D.C. and Baltimore area. Japan began testing cellular phone service in 1979."

and GPS

"1978 - the first experimental Block-I GPS satellite was launched."

came about in the late 70's....pre-Reagan

Reagan can get some credit on the GPS because he is the one that allowed it to go public. (Nothing to do with Research)

so with the "Trickle down" logic shouldn't we be giving Carter the Credit ( and I personally thought Carter was a tool)

And I liked Reagan, I was in the Military for the majority of his presidency and he was pumping money into the military. But saying that we should thank Reagan everytime we make a cell phone call is like saying I should thank Al Gore everytime I post here.

[The Dad Fisherman]

Originally Posted by buckman

George Bush has been in office for 7 1/2 years. The first six the economy was fine.

Originally Posted by buckman

And it was tanking when Bush got in.

Which is It.....