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Responses: 13
1) The Economy is Cyclic.
2) The President is NOT directly responsible for the Economy. It is impacted far more by the Congress.
3) There is "Lag" in the system.
4) The "Housing Bubble" was in effect post Cold War collapse (Clinton Era) through Gulf War 1 , and many economists identified it even at the beginning of the Bush administration. It wasn't a case of who, it was a case of "when & how bad."
2) The President is NOT directly responsible for the Economy. It is impacted far more by the Congress.
3) There is "Lag" in the system.
4) The "Housing Bubble" was in effect post Cold War collapse (Clinton Era) through Gulf War 1 , and many economists identified it even at the beginning of the Bush administration. It wasn't a case of who, it was a case of "when & how bad."
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Capt Walter Miller Asking people to choose between republican'ts and Democons is like asking someone to pick up a shit covered stick by the clean end. Was I effected by the decisions made? Sure I was. Just like I have been effected by the decisions made under Mr. Obama. Until we get rid of this stupid two party system that thrives on "the lesser of two evils" mentality, we are going to suffer. Right now, after hearing Swillary last night, I am ready to go change from independent to Democrat so I can go vote for Bernie Sanders just to keep her from winning the nomination. I hate this about our country. Attack adds, lobbyists, greed, back room deals, all normal operating procedures in politics. We have gone from government of the people, by the people and for the people to government for sale to the highest bidder. Until we as citizens vote this out, it is just going to continue with business as usually. Right Wing and Left wing, two wings on the same ragged chicken.
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Trolling again? Remember the Great Recession and who was President? Do we want that again? History is not your friend when it comes to Democrat administrations.
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PV2 Scott Goodpasture
Yeah it was Herbert Hoover what you think he was a democrat? What does that have to do with bush after 2trillion in oil under Iraq? The two are unrelated.
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PV2 Scott Goodpasture
Besides that Coolidge preceded Hoover also a republican. Still they didn't cause the depression an unregulated stock market crashed because of unethical trading much like the unregulated home predatory loans and hedge funds junk bonds that were allowed to exist to prove monetary economics would somehow find an equilibrium and fix itself. Unfortunately the economic models don't have corruption as a variable in the equations. And yes Keynesian economic policies have their fair share of corrupt politicians profiting but can be tweaked toward equilibrium before a crash much easier
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MCPO Roger Collins
No mention of the Federal Reserve policies? AEI has a good article on the time line with good and bad actions taken by all.
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