The Economy
#30
Quote:The "Democratic congress" argument would make sense, except that it shows the opposite of what you seem to be suggesting. The deficit grows (or surplus shrinks) and remains high during the whole Republican dominated period from 2000-2006, and drops in 2007-2008, when the Dems were in control. Still looks to me pretty clear where the pattern is.
Again, the view from 100,000 feet is not all that accurate. To describe the causality of Republican excess by the correlation to GDP is wrong headed. The devil is in the details.
Quote:Bush did not need to trade anything for legislative access. Why would he? His party controlled the Congress, Senate, and White House for six years. There was no need (or desire) for bargaining.
Again, Demagogues and Publicans. I can't differentiate the two parties anymore, except one contains the "religious" wing nuts, and the other contain the neo-Luddites.
Quote:From a Keynesian POV, most of the money spent under Bush might as well have been taken to an incinerator. Money spent halfway around the world on wartime projects might have a stimulus benefit for Iraqis, but the effect would be very blunt for Americans. This is not WWII; there was no mobilization of industry, only boatloads of money being spent abroad, on things which have no domestic multiplier whatsoever. The best you'd get would be the replacement of military equipment, the salaries of soldiers, and rebuilding contracts, none of which is a very large boost back home. The cost, on the other hand, was enormous, and hamstrung the government for dealing with the current crisis.
I can believe that for the money spent on the Iraq war, but still more than 70 to 80% of the budget went to domestic spending (namely SSI, Defense, & Medicare).
”There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy." - Hamlet (1.5.167-8), Hamlet to Horatio.

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The Economy - by kandrathe - 06-10-2009, 03:48 PM
The Economy - by Kevin - 06-10-2009, 04:11 PM
The Economy - by Jester - 06-10-2009, 04:31 PM
The Economy - by kandrathe - 06-10-2009, 05:40 PM
The Economy - by Jester - 06-10-2009, 08:19 PM
The Economy - by kandrathe - 06-11-2009, 01:38 AM
The Economy - by Jester - 06-11-2009, 02:13 AM
The Economy - by --Pete - 06-11-2009, 03:15 AM
The Economy - by kandrathe - 06-11-2009, 04:03 PM
The Economy - by naverone - 06-12-2009, 01:02 AM
The Economy - by Jester - 06-12-2009, 01:47 AM
The Economy - by kandrathe - 06-12-2009, 11:55 AM
The Economy - by Jester - 06-12-2009, 01:59 PM
The Economy - by kandrathe - 06-12-2009, 05:06 PM
The Economy - by --Pete - 06-12-2009, 05:22 PM
The Economy - by kandrathe - 06-12-2009, 08:19 PM
The Economy - by --Pete - 06-12-2009, 08:53 PM
The Economy - by kandrathe - 06-12-2009, 09:07 PM
The Economy - by Jester - 06-12-2009, 09:21 PM
The Economy - by Jester - 06-12-2009, 09:24 PM
The Economy - by kandrathe - 06-13-2009, 01:21 AM
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The Economy - by Jester - 06-13-2009, 02:02 PM
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The Economy - by kandrathe - 06-13-2009, 04:49 PM
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The Economy - by Jester - 06-13-2009, 05:06 PM
The Economy - by kandrathe - 06-13-2009, 05:37 PM
The Economy - by Jester - 06-13-2009, 05:46 PM
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The Economy - by Jester - 06-14-2009, 12:21 AM
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The Economy - by kandrathe - 06-14-2009, 07:26 PM
The Economy - by Zenda - 06-15-2009, 04:33 AM
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The Economy - by Jester - 06-15-2009, 10:48 PM
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The Economy - by kandrathe - 06-16-2009, 12:28 AM
The Economy - by Ashock - 06-16-2009, 12:49 AM
The Economy - by kandrathe - 06-16-2009, 01:10 AM
The Economy - by --Pete - 06-16-2009, 02:30 AM
The Economy - by Jester - 06-16-2009, 02:34 AM
The Economy - by Jester - 06-16-2009, 02:41 AM
The Economy - by Occhidiangela - 06-16-2009, 03:42 AM
The Economy - by Jester - 06-16-2009, 04:09 AM
The Economy - by kandrathe - 06-16-2009, 04:27 AM
The Economy - by Jester - 06-16-2009, 02:49 PM
The Economy - by kandrathe - 06-16-2009, 03:41 PM
The Economy - by Ashock - 06-16-2009, 04:28 PM
The Economy - by Jester - 06-16-2009, 04:31 PM
The Economy - by Jester - 06-16-2009, 04:46 PM
The Economy - by kandrathe - 06-16-2009, 04:49 PM
The Economy - by Jester - 06-16-2009, 05:22 PM
The Economy - by kandrathe - 06-16-2009, 06:14 PM
The Economy - by Jester - 06-16-2009, 08:59 PM
The Economy - by kandrathe - 06-17-2009, 12:30 AM
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The Economy - by kandrathe - 06-19-2009, 06:00 AM
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