The greatest economic expansion in the history of the US under Democratic

[Bandit]

Administration compared to the Greatest economic turn-around in the history of the US under Bush*. Do you Really think the US is headed in the right direction? A talking point to hammer at them with over and over.

[BeatleBoot]

1. I do each and everytime.

Thanks for reminding us to use it.

Its hard to argue with that!

[Bandit]

2. Kick

:kick:

[JDPhD]

3. Please don't. This is a mistake.

It does us no good to repeat hyperbolic nonsense like this.

The economic expansion under Clinton (I assume that is what you are refrring too) was not the biggest ever. In fact, many economists think it was a mirage--as people and corporations claimed and paid atxes on paper profits generated by the Internet bubble. The Reagan expansion was bigger anyway. Claiming the 90s were the greatest economic times is a mistake.

And the recession of the last few years was not the greatest ever either. Not only did it begin under Clinton (when the stock market/Internet bubble began to lose all its air) but it is nothing compared to the Great Depression. Claiming that this recession was some sort of historic calamity just makes us look stupid.

The way all the indicators are pointed, we had best not talk about the economy. Bush will win on this point.

P.S. Even all the talk about job losses is over the top. Jobs are measured two ways. One way is to survey businesses and ask them how many people they are employing. The second is to survey people and ask them if they are working. The two measures are showing quite different trends, with the second measure looking much better for Bush. Why the difference? Well, the first measure has a harder time picking up new jobs created in new businesses and through self employment. If the survey of businesses starts to look better also, Dems won't even be able to run on the loss of jobs either.

[Robbien]

4. Sounds like standard Republican talking points

We will sound stupid? Ha. The GOP says this exact same thing. The GOP keeps cheerleading while trying to steer the democratic party away from critising the bad economic policies of the GOP.

[9215]

5. You teach at an "elite" school of what?

Also please back up your "PS" claims with some facts, if you don't mind

[Eroshan]

10. And another thing

"The economic expansion under Clinton (I assume that is what you are refrring too) was not the biggest ever. In fact, many economists think it was a mirage--as people and corporations claimed and paid atxes on paper profits generated by the Internet bubble" YOUR QUOTE

You do know that assests are not taxed until they are sold. You do not pay taxes on paper. The tech bubble you refer to "internet bubble" was a small <5% of the growth in the stock market. Was the market over bought? Certainly. But to blame Clinton for that is ridiculous. To blame bush for the rotten economy makes perfect sense. You cannot run up huge deficits and run down the dollar without ruining the markets. The so called "improvements" under Bush are due to consumers spending money they have'nt got. (READ largest personal debt ever). And the governments pumping money into the killing machine.

[Kathy in Cambridge]

11. Beware of 'Experts'

people often tout their credentials when they have little credibility.

There are plenty of other DUers who are equally educated but don't feel it's necessary to tell the world. A couple of pieces of paper in no way gives you final authority on any subject.

[Toots]

6. I don't think the poster mentioned recession once

But since you did and you know all about such things maybe you could tell us how many Democratic Presidents had a recession during their terms. Also how many Republican Presidents did not have a recession during their term. I doubt you will find a single name unless it's the old Clinton Canard. The poster said greatest economic turn-around not recession although the recession did begin within months after Bush* was selected to office.

[Eroshan]

7. Not insulting your intelligence, but....

"And the recession of the last few years was not the greatest ever either. Not only did it begin under Clinton" YOUR QUOTE.

Dear Phd,
A recession is defined as two back to back quarters of negative growth. Show me with real figures when this occured under Clinton. Did'nt think so...cause it did not happen. And if your not a freeper then you should get a job as a paid spokesperson for them.

[coloradodem2005]

8. Don't lecture me on this.

Yes, the Clinton Boom was not all its cracked up to be but people were at least working good jobs. Bush will not win on the economy. It is still one of the areas that people approve of him the least on. Reagan's expansion was a joke. He lost a lot of jobs in his first three years and the 1984 "expansion" was a joke.

Don't lecture me about jobs. Even if things improve, Bush still has a negative gain in jobs. Furthermore, many people who were unemployed for a long time will not forget that easily.

[Kathy in Cambridge]

9. Oh PLEASE

Did you get your talking points directly from Karl Rove or did you pull them out of your ass?

[reprobate]

12. J'accuse

May I suggest that you would be far more comfortable at freeperland?

You come here and spout repug talking points and expect to be accepted as an "expert"? Well, here you will find that we are not as easily led as those conswervatives that you are used to conversing with. We think that facts are far more important than "talking points".

I promised the members of this board that I would no longer put up with disruptors and you are the first in my sights. Tho probably not the last.

In other words, GO AWAY!

[swinney]

13. Clinton success overshadowed Reagans--By Far --Check the Facts

1.JOBS-grew by 43% more under Clinton
2.GDP--grew by 57% more under Clinton
3.DOW--grew by 700% more under Clinton
4.SPENDING--grew by 30% under Clinton and 80% under Reagan
5.DEBT--grew by 43% under Clinton and 187% under Reagan.
6.DEFICITS--became a surplus under Clinton and grew by 110% under Reagan.
7.NASDAQ--increased by 18 times as much under Clinton as Reagan.
8.AVERAGE MFG PAY--increased by 38% more under Clinton.
9.PERSONAL INCOME--increased by 110% more under Clinton.
10.MINIMUM WAGE INCREASE--one under Clinton--0 under Reagan.
11.NATIONAL INCOME--doubled under Clinton over Reagan.


Do you have $12?--Almost every statistic I report can be found in a Global or World Almanac.
clarence swinney-burlington nc

[swinney]

14. Latest Recession started under Clinton? Blarney Baloney.

Technical Recession started after Clinton left office.

Best to say--SLOWDOWN started in 2000.It did. Why?

Greenspan implemented 6 interest rate hikes from June 1999 to June 2000 in order to slow down an overheated economy.

Paper Profits? Come on fellow!

You do not pay taxes on increase in price of a stock.

Look at the National Income growth under Clinton. That was INCOME.

You speak of stock market growth not actual "income" growth.

Yes! Much income was generated from sale of stocks."Unearned" Income was large in 1990's and 1980's. How much was earned income versus unearned income.

Golf match coming on TV so I will not waste my time on frivilous things. Golf first last and always. Fore.

[swinney]

15. RECESSION HISTORY

Of 18 official recessions-depressions 13 occurred under a Republican Administration and 5 under a Democratic administration.

In the 177 months of recession-depression 145 of those months were during a Republican Administration and 32 months under a Democratic Administration.

One sided--82% under Republicans and 18% under Democrats.

www.econlib.org/library/Enc/Recessions.html
http:/www.econlib.org

Table A-2 in G.H. Moore book--"Business Cycles, Inflation and Forecasting, 2nd ed. and--

Geoffrey H.Moore "The Concise Encyclopedia of Economics". Library of Congress.

U.S.Department of Commerce-Survey Of Current Business Monthly.

clarence swinney burlington nc

[Kathy in Cambridge]

16. Thank you for the excellent synopsis

as I said, beware of "experts", especially those that have to spout their credentials up front.