Real Responsibility
August 18, 2010 – 1:25 pmThe Media and much of the blogosphere focus on blaming the President for the state of affairs of the nation.
The President bears much responsibility in the context of his leadership and “bully pulpit” to promote a political policy agenda. The real responsibility lies with the Congress, as it was designed. It proves out to be true.
Look at the last 20 years of Presidency and rather than focus on the POTUS, think about who controlled Congress.
Bush Sr. left a recession, he had a Democrat Congress. Bill Clinton had a Democrat Congress for his first 2 years. The economy stagnated and policies failed in practice or to be implemented. Lefties love to point out the “Clinton economy”. None of that economic growth occurred until the Elephants took control of Congress in ’94. When the Junior Shrub was POTUS and the Republicans controlled Congress, the economy boomed (noting the temporary dip post-9-11). The Democrats won Congress in 2006 and the economy began contracting, followed by the housing bubble crash.
As you see, when collectivists control Congress the economy takes a hit. Republicans bring it back and have power until the social-democrats fool enough voters to get back in and wreck the economy all over again.
One Response to “Real Responsibility”
While the economy was better under the GOP than it is now, the ‘boom’ was a bubble, just as the ’90s ‘boom’ was also a bubble – then, it was tech, now, we’re unwinding one in real estate. The Fed, as pimp to the spending lusts of both parties, enabled both booms, and they therefore caused the current crash. Credit expansion has to be replaced by sound money or we will continue to suffer from the boom-and-bust cycles.
The new ‘boom’ is one the GOP cam love: Aside from government and college towns, the best economies are to be found around military bases, as war spending is still a growth area.
While I share your disdain of the current junta, I must add that I blame their predecessors, too.
By ssgconway on Aug 20, 2010