Quote:
Originally Posted by Captain Oi!
Sure, Bush had a surplus, but the tech bubble was being replaced with a housing bubble, so that was a time bomb being handed over.
Massive tax cuts for a rich and deficit spending to pay for two wars seemed to be the problem there. Forget bubbles, the economic policy in the first W. Bush term was basically "smash and grab."
I'm pretty far left, but I don't believe being left-wing economically is necessarily and absolutely right. I
do believe it is right for this particular time and place, with the wealth consolidation and starkly increased inequality of the last 35 years. And as others have pointed out, Republican fiscal policy of late has been "cut taxes for the rich, shred services for the poor, spend on donor industries." It isn't "conservative" in the traditional, classical meaning of that term, at all.