So it all comes down to this:
Clinton inherited a very strong, robust economy. After the massive Clinton tax increases began to have their effect, he left office during a recession.
Bush 2 inherited a recession. He lowered taxes - and not, as is STUPIDLY claimed by the liberals - just on the rich. Those tax cuts stimulated the economy. Despite 9-11, and it's devastating effects on everything from the airline industry to the stock market... here we are, 6 years later, and the economy is in a HUGE upswing.
Those two facts speak for themselves.
Was there a huge federal deficit amassed, as the economy began to pick up again? YES.
Is the federal deficit being paid down faster then even the EXPERTS predicted? YES.
That is the same as paying off a mortgage faster then was expected or anticipated.
THIS is why, more than any one other thing, it will be necessary to elect a Republican as President in 2008. It is inevitable that a Democrat will do exactly what Clinton did: Tax the hell out of the economy and run it into the ground. |