Re: Either big deficits are bad for America or they are not
by
BobW
03/30/2009, 12:42 PM
So which is it, lefties, are huge deficits “ruinous”, or not? And if they are not, will Obama’s economic numbers be as good as Reagans? I’m talking about inflation, unemployment, GDP, mortgage rates, gas prices, and the stock market when Reagan entered office when compared to the same numbers when he left (they were all drastically better).
So which is it, righties: Are huge deficits “ruinous”, or not? You never bitched when Reagan and Bush the Elder quadrupled the natonal debt. When Bill Clinton came up with a surplus, all you characters could focus on was the blue dress. You never bitched when Bush the Space Cadet squandered 4 trillion in outrageous deficits as he pursued two wars he had no idea how to pursue.
Now, the economy is in a true meltdown, the wars are not over, and the new president is using bailouts as the previous president did to try to pull the economy together. And the Republicans bitch loud and clear at the expense of it all and publically hope and pray that Obama's administration is a failure. Why? Because a.) they are hypocrits and b.) they fear the Democrats will actually meet with some success..
Personally, I'd rather see those responsible for the mortgage crisis and the banking fiasco prosecuted, and the companies left to sink or swim on their own. It's the Republicans who wanted free markets, so I say, let those who live by the free market die by the free market. But it turns out that Republicans financiers are free-market on the way up and socialist on the way down. Fuck 'em.
ama’s economic numbers be as good as Reagans? I’m talking about inflation, unemployment, GDP, mortgage rates, gas prices, and the stock market when Reagan entered office when compared to the same numbers when he left (they were all drastically better).