Originally Posted by Fellowship
Yeah but Nick don't forget there is an old saying in Tennessee I know it is in Texas but maybe in Tennessee that goes something like this:"Are you better off than you were 4 - 8 years ago?"
And Republicans normally toss this saying around mind you....
I bet it would seem that the answer for many is a resounding ________.
You take a stab at this one Nick
Considering the fragmented thinking, I can see why you and Jimmac get along so well.
I am absolutely better off now than I was eight years ago. I'm even better off than four years ago. I would bet that for anybody that was not a "refi" baller this is generally true.
I answered so now back to you Fellowship. Regardless of your shifting with the winds political views, are you worse of financially now than 4-8 years ago or better off?
And as for Clinton raising taxes it was far less painful than the inflation we are seeing today due to our monetary policy taxing every one of us on most everything we buy today with the inflation tax we all have today.
Clinton was a fiscal conservative compared to Bush. Compare how each expanded the size of government and you do the math Nick
You make it sound like Clinton or Bush could have controlled monetary policy. The very purpose of the fed itself is to supposedly keep monetary policy separate from government policy. That said Clinton still renominated Greenspan who still helped finance the internet stock bubble on his watch and financed the housing bubble on the Bush watch. Bernanke is walking a very thin line with deflationary housing prices banging against inflationary energy and commodity pricing. I hate inflation but if we manage to get through this double dip with the minimal pain we have currently felt I will have considered it a job well done.
Now honestly wouldn't you consider it a decent job as well? Unless of course we are of the utopian view that there is no economic cycle and we should never have to endure a downturn, will you have be able to recall a downturn that appears to have shed as little blood as this one in terms of daily life? Little doesn't mean none of course, but seriously when the store closings are coming from the place where we buy our $6 coffee, is that real economic pain?
I've slammed Bush on numerous occasions for the growth in spending. However it isn't like there are Democratic plans for lowering spending right now. In true blue California we have huge deficits, the state government steals from the counties and cities, steals from bond measures, steals from infrastructure, and lies about the bonds financing deficit spending which circumvent a balanced budget amendment.
Obama does not present a plan for a balanced budget, real or imagined as I'm sure many would argue about the McCain plan. It isn't even a priority for him. I don't see how the reasoning that Bush acts like a Democrat excuses voting for the real deal.