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Why is it that when ever a republican is in office the economy tanks?
Yet all republicans believe they are better for the economy.
Clinton was out of office for a year before we went into recession and blaming carter show how little you know about that time the economy was sent into recession when nixon was in office and they handed it to carter. Lets not forget about the recession reagan got us into putting millions out of work.
Quit saying the republicans are more fiscally responsible they haven't been that way since coolidge.
17 Answers
- 1 decade agoFavorite Answer
Clinton was in office for 8 years. We had a surplus of over 200 billion, increase in jobs an even greater increase in "high paying" jobs, increase in median household income, (i.e., not effected by those "outlying" rich people benefited by the rich tax breaks). If our current economic woes are Clinton's fault, shouldn't Bush have been able to fix it in 8 years? At best, Bush is inept because he failed to veer our economy from recession. At best, Bush is a disaster and yanked the economic yoke into a death spiral.
Here's a pretty little site that represents the data quite well: http://www.ppionline.org/ppi_ci.cfm?knlgAreaID=107...
As to the "bloomed under Reagen," remember Black Monday, 1987? And I've always favored Reagan's philosophy that if you create tax policies to benefit the rich, some may "trickle down" to the poor. Hahaha!
Republicans are going to have a tough time arguing this one. Republican rule in both the executive branch and legislative branch directly preceded our recession.
If you interested in how Dems pit against republicans on the economy in the last century, visit this site: http://www.eriposte.com/economy/other/demovsrep.ht...
Source(s): McCain voted 95% with Bush's failed policies. Obama voted 40%. Obama Biden 2008 - Anonymous1 decade ago
Actualy democraats are prone to running up debt. They spend this and that on all sorts of pet social projects. Traditionaly, republicans were fiscal conservatives. The modern Republican party is more aligned with the democrats. The reason things suck is because they have overspent their tax base. The tax cuts were put into place and then they decided to go to war on 2 fronts which costs hundreds of thousands of dollars every minute. Plus they enacted new cabinets such as DHS etc. They need to be paid too.
The economy cannot be blamed entirely on the government. It can be blamed on the Federal Reserve. With their fiat money that they will print out at will to the government, which you pay taxes to pay back the 10% on the dollar interest, the system is showing its cracks. When we left a sound, gold backed standard that was not so easily influenced by inflation to a debt backed system by private bankers, we left ourselves succeptible to the whims of investors other economies we trade with. Pull the strings and the economy goes up or down....this is all the doing of the Fed and Wall Street and not so much the person in the oval office.
- 1 decade ago
To blame the economy on just the office of the President is somewhat short sighted. Take a look at the dynamics of how the President and Congress work with each other and against each other in regards to the economy.
I know we as a society like to find one simple answer to everything but that only sells ourselves short. We, as Americans, should be better than that.
- birdieLv 61 decade ago
Borrow and spend...It was that great idea that Reagan'crew came up with. First he came up with the Social Security Crisis then when enough people got fired up about it - They raised SS taxes. Then YAY! he spent every dang dime and borrowed even more.
The economy always tanks after a borrow and spend period. This is because credit dries up. You can bet that interest rates will get raised to near Carter levels for the same reason next year.
Republicans always starve the next Democratic Presidencies by their overspending. Beats me ordinary Republicans can't see this. The Office of the Budget (.gov) puts out some easy to read charts and data.
Guess they prefer to have their political beliefs unsullied by facts!
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- ladydreamer24Lv 51 decade ago
Why do people ask stupid questions? Do your homework before you assume something you heard on the news is true! Carter was about the worst president we ever had, or in my lifetime anyway. Clinton, his mess trickled right onto Bush's shoulders. Things were looking great until 9/11. If Clinton had done his job 9/11 would never have happened. He was too busy chasing women. Read History Please!
- PatchassLv 41 decade ago
Why is it that Democrats still think that the economic expansion in the 90's was Clinton's doings?
I know Reagan's a naughty word on the left side of the isle, but his economic policies (despite his hard-on for deficit spending) were the reason for the 90's boom.
- MikeGolfLv 71 decade ago
You mean like the recession Clinton stuck us with when he left office?
OK - Clinton left Office in January 2001. The recession started in fall 2000. Do the math.
Maybe your problem is that you are too busy looking at partisan spin to be bothered with facts.
- 1 decade ago
Because you're looking at it differently, and obviously you're a Democrat, meaning that you think that DEMOCRATS are better for the economy. Personally, I support Republicans.
- Southern ManLv 41 decade ago
Lessee here, the economy tanked under Carter and boomed under Reagan. What was the question again?
- 1 decade ago
Because trickle down economics aren't effective under the current situation. The economy is horrible for the middle class right now, and without any relief trickle down economics will not work. It doesn't matter how much money you pump into companies if consumers can't afford the goods.