World Affairs Board - View Single Post - If good news happens on Bush's watch, and Bush would get the credit, it ain't news.

HistoricalDavid · 10-15-2007, 16:33 PM

I suppose it's pretty embarrassing for me that I've only found out about this now. I'm no Shek but I do know my budget deficit from my elbow, or my current account deficit, or my trade deficit. Suppose even charismatic stallions like me fall prey to the evil media once in a while.

Economic comparison between now and the Clinton years is difficult if not impossible due to the WoT's extra expenditures, September 11th, the existing 2000-1 slump, demand-driven oil prices, lack of a peace dividend etc. I can't really think of any external advantages Bush had over Clinton, apart from his budget surplus, to compare with the disadvantages.

I suppose Greenspan's 1% interest rate splurge from 2001-2004 could count as both a blessing in cheap credit and a hindrance now in the mortgage affair. I think Shek is required in such situations.

10-15-2007, 16:33 PM	#9 (permalink)
HistoricalDavid Distant Deeps or Skies *Senior Contributor* Join Date: 07-19-05 Location: North London, UK Posts: 2,129 Country:	I suppose it's pretty embarrassing for me that I've only found out about this now. I'm no Shek but I do know my budget deficit from my elbow, or my current account deficit, or my trade deficit. Suppose even charismatic stallions like me fall prey to the evil media once in a while. Economic comparison between now and the Clinton years is difficult if not impossible due to the WoT's extra expenditures, September 11th, the existing 2000-1 slump, demand-driven oil prices, lack of a peace dividend etc. I can't really think of any external advantages Bush had over Clinton, apart from his budget surplus, to compare with the disadvantages. I suppose Greenspan's 1% interest rate splurge from 2001-2004 could count as both a blessing in cheap credit and a hindrance now in the mortgage affair. I think Shek is required in such situations. __________________ HD Ready? Last edited by HistoricalDavid : 10-15-2007 at 16:41 PM.