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Re: Bill Clinton to the Rescue 

By: Decomposed in FFFT | Recommend this post (2)
Mon, 05 Sep 11 6:19 PM | 27 view(s)
Boardmark this board | Food For Further Thought 		Msg. 32725 of 65535
(This msg. is a reply to 32723 by Decomposed)
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Here's a chart. It looks like Truman can be properly credited with ending a little recession during his term of office.

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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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Re: Bill Clinton to the Rescue
By: Decomposed in FFFT
Mon, 05 Sep 11 5:49 PM 		Msg. 32723 of 65535

Clinton didn't ever end a recession, clo. Good thing he didn't need to - because he wouldn't have known how. He inherited an economy just emerged from recession, and left an economy just going into recession.

Reagan inherited (from Carter) a nasty economy and created a huge one. Bush 1 inherited a strong economy, let it slip into recession, but took the correct steps to build the gigantic economy Clinton was able enjoy and eventually ruin. GWB took that mess, managed to pull us out of it for a time but couldn't hang on.

Obama, of course, took a bad situation and made it worse.

The bottom line? Democrats have not had any answers for large recessions in a long, LONG time. I'm not sure, but you might have to go back to the Great Depression - when FDR managed to keep the depression going for almost 16 years.

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