Re: Recessions and Leaders
Hi Michael
I hope you don't mind if I jump in.
>Wasn't Clinton president during a recession?
The recession started on Bush Sr watch. When Clinton was elected,
are country was in red ink up to it armpits. When Clinton left office
we were running in the black ,and he left a huge surplus. And the
stock was in a bull market.
Since then on Bush Jr watch he gave all the surplus money away. We
are back in red ink, and the red ink is flowing like wild fire. The stock
market is heading into a great depression.
What is happing now is just about a carbon copy of what happened on
Bush Sr watch, red ink, down market, and a war with Iraq.
Needless to say Bush Jr has about the same adviser that Bush Sr had.
The battle cry when Clinton was elected was "It's The Economy Stupid" .
Now I'm starting to hear the same battle cry.
>Also, seeing as the depression lasted for such a long time, isn't there also
>eveidence that there are presidents who lasted two terms during bad economic
>times?
None that I can think of.
Have a great day Michael.
Regards,
D.R.(Don)McArdle
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