If we were to have a democratic president in 2008 would we go into a depression like it was during the Carter years?
2006-11-13 05:19:14 · 20 answers · asked by Sean 7 in Politics & Government ➔ Politics
Maybe the best economy yet like the Clinton years!
2006-11-13 05:21:32 · answer #1 · answered by Anonymous · 9⤊ 6⤋
Jim W. is wrong again. How can someone be so wrong so many times.
To Jim W. and truth seeker did you forget that during six of eight of Clinton's years as President, the Republicans controlled Congress? This stopped Clinton's tax and spend, and increase the size of government plan.
And the main reason why the Democrats were voted out of office in 1994 is that in his first two years as President, Clinton implemented the largest tax increase in US history and he attempted to created National Socialized Health Care. A plan that would dramatically increased everyone's taxes.
The only reason why the economy was so great in the late 1990s is the same reason why we can even have this discussion, the Technology Revolution. If you actually believe the economy would have been any different if Bush 41 had been reelected President or Bob Dole had defeated Clinton; you are more foolish than I think. The same economic pattern what have occurred no matter who was President!
Jim W. says the same crap about Clinton all the time, but every time I debunk it; he never ever attempts to answer me.
Clinton was an awful President and is only perceived as great by some because of the timing of his Presidency. Get over it.
2006-11-13 14:42:09 · answer #2 · answered by TheMayor 3 · 1⤊ 0⤋
Since Bush took office, the following has happened:
college tuition has doubled.
health insurance premiums have doubled.
5 million more families joined the ranks of poverty
5 records were set for highest deficits in our history
the national debt has nearly doubled
home foreclosures have set several records
"real income" has dropped in each of the last 5 years.
my question to you is, can it get any worse??? I don't think so. We had a Democratic president in the 90's and had the best economy this country has ever seen.
2006-11-13 13:49:44 · answer #3 · answered by truth seeker 7 · 2⤊ 1⤋
Funny that you mention Carter, who's presidency was a good two decades and a half ago, while completely ignoring the last Democrat in the White House - Clinton.
As I recall, our economy performed rather well during those years.
2006-11-13 13:24:05 · answer #4 · answered by buzzfeedbrenny 5 · 3⤊ 3⤋
Hard to say, as the economy is not affected solely by fiscal policy. I think the incoming Congress will allow the tax cuts to expire, which means that our taxes will go back up, in turn causing a drag on the economy as more money comes out of consumers' pockets. Beyond that, I have no idea.
2006-11-13 13:24:10 · answer #5 · answered by Chris S 5 · 3⤊ 1⤋
Lordy bill! Most of the users don't remember the Carter years.
Put it this way, if you are complaining about mortgage interest rates at 7%, try to imagine amortization schedules that start at 15%.
2006-11-13 13:31:27 · answer #6 · answered by ? 7 · 2⤊ 1⤋
It was a recession during the Carter years and we are in a recession now during the Bush years. The only people who are doing well in this current economy are the big corporations that Bush and his cronies have been sucking up to.
2006-11-13 13:22:47 · answer #7 · answered by jerofjungle 5 · 5⤊ 4⤋
Not sure, we have had a long period of growth without a correction. A recession might be coming on its own without Dem help. Kind of like the bubble pop that GW inherited.
2006-11-13 13:22:26 · answer #8 · answered by JFra472449 6 · 4⤊ 2⤋
Yes tax increasing will rain down as the democrats take out their vengence on the working man for voting republican so long. Extreme energy shortages due to their enviromentally friendly views American elderly and young freezing to death in their houses.
Kinda like the worst book of the bible except in the bible at the end there is heaven on earth not hell.
2006-11-13 13:24:18 · answer #9 · answered by Anonymous · 2⤊ 5⤋
if we do it will be because of the huge nat. debt some 9 trillion dollars worth that the bush administration has racked up in the past 6 years
2006-11-13 13:24:52 · answer #10 · answered by Unfrozen Caveman 6 · 4⤊ 2⤋
Yes. Higher taxes = inflation. Inflation means less consumer spending money. Less consumer spending money means business cannot expand, causing less jobs, higher unemployement, which is solved by the Democrats insisting on welfare to keep those unemployeed permantly unemployeed, while the stock market drops because of expanding businesses come to a hault, and the gridlock in our government for the next two years wont help fix any of those problems. If a Democrat were to take office, the threat of real terror to our country would cause the economy to further slow down...bad days ahead if the liberals continue to brain wash through the media and public schools
2006-11-13 13:22:54 · answer #11 · answered by Anonymous · 4⤊ 6⤋