Maggie's FarmWe are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for. |
Our Recent Essays Behind the Front Page
Categories
QuicksearchLinks
Blog Administration |
Tuesday, November 24. 2015Tuesday morning linksAgriculture Linked to DNA Changes in Ancient Europe Book review: Heavy Lifting – Grow up, get a job, start a family, and other manly advice Watch the EcoLog 590 work Today’s whiny feminism is killing sex The Limitations of Healthcare Science University bans yoga for promoting Western colonialism Columbia Student in Anguish Because She Has to Read Books by White People Hysterical Yalies protest a free-speech panel. Alan Dershowitz told The Daily Signal in a phone interview. “After 50 years of teaching at Harvard, I have never met a less courageous group of people than tenured faculty.” Why college protestors are telling the media to stay away Cruel to pets — and death on free speech Mead: The NYT editorial board has come as close as it can to the devastating realization that blue model governance is breaking down.:
McArdle: It’s not Obamacare’s fault that it didn’t manage to do the impossible: provide cheap, nearly comprehensive health-care coverage without The tri-state war on business: killing jobs in the Northeast Rotten Elites Give a Bad Name to Elitism
"Hillary Clinton’s push for a 'politics of meaning' culminated in a New York Times Magazine story Michael Kelly wrote, 'Saint Hillary.'" Clinton campaign promotes ´Bill and Hillary´s love story´ State Department Issues Worldwide Travel Alert "Due To Increased Terrorist Threats" Scottish Town Reworks Welcome Sign for ISIS: “You Tw@ts Can F*ck Off” Why Does the Left Continue to Insist that Islamic Terrorism Has Nothing to Do with Islam? Hillary: ´Muslims Have Nothing Whatsoever To Do With Terrorism´ Dick Morris: Dems 'Committing Suicide' on ISIS, Refugees Brussels is in some ways a satire of the European project It’s a sad day when the President of the United States makes a French socialist leader sound like George S. Patton. Why did America lose the Vietnam War? Trackbacks
Trackback specific URI for this entry
No Trackbacks
Comments
Display comments as
(Linear | Threaded)
Why Does the Left Continue to Insist that Islamic Terrorism Has Nothing to Do with Islam?
For the same reason ´the left never admits that their policies are a big giant FAIL. (because they are complicit and that's the intention. To bring America down) The problem with the term "Radical Islam" and related terms, is that is helps the radical fringe recruit based on a claim that there is a war between Islam and the West. You can't win the war strictly with bullets. The threat will only end when there is political stability, the rule of law, and some sort of say for the people concerning their own futures, in the Middle East.
The longer it festers, the more long lasting the wounds. Think how long it took the U.S. to get over the Civil War. What is the evidence that it helps them recruit? People keep saying that, but it seems to be a mere assertion - and a convenient one politically for who is to be in charge here.
I am sure it seems connected to you, but I see an abrupt change of topic when you move on to "hey this is what will really work." All nice things, but not really flowing from your thought about not using terms like radical Islam. Here is the counter-evidence: Even after Beirut 1983, the attempted bombing in 1994 and other incidents, Americans weren't in general keyed in to any concept of "radical Islam" being a day-to-day problem. Not until 9/11 did that really become part of Western consciousness. Yet these what-do-you-call-'ems seemed to do a whole lot of recruiting, even with no westerners complaining to the papers about Radical Islam. How did they manage to do that without evil bigoted conservatives encouraging them to fringe violence? As for the Civil War, you are saying we went through decades of slaughtering thousands, setting up rival governments, and re-invading each other's states? Assistant Village Idiot: What is the evidence that it helps them recruit? People keep saying that, but it seems to be a mere assertion - and a convenient one politically for who is to be in charge here.
What political advantage is to be had in parsing terms? Bush had the same issue trying to rhetorically separate radicals within the Islamic community from the vast majority of people who just want to get on with their lives. Assistant Village Idiot: What is the evidence that it helps them recruit? People keep saying that, but it seems to be a mere assertion - and a convenient one politically for who is to be in charge here. The Iraq War metastasized radical groups. Islamic State, for instance, has its roots in the immediate aftermath of the U.S. invasion of Iraq. Assistant Village Idiot: As for the Civil War, you are saying we went through decades of slaughtering thousands, setting up rival governments, and re-invading each other's states? We're referring to the period after hostilities, when the injuries were still raw. It included violent oppression of blacks for generations. It only began to heal after the Civil Rights Movement of the 1960s. Lefties see politics in everything so they are blind to the reality that there's nothing political about anything ISIS or any of the other Islamic terrorist groups do. It doesn't matter what you say, whether you get a Global Climate Change deal in Paris, close Gitmo, or anything else, their motivation is religious/cultural. ISIS/Al Qaeda/Boco Haram/Iran/name your terrorist group can explain how they will kill all the infidels till they are blue in the face and it won't make a dent in the leftie mindset.
ISIS was truly the JV team till Obummer created a power vacuum by withdrawing from Iraq.
#2.1.1.1.1
mudbug
on
2015-11-25 15:19
(Reply)
mudbug: Lefties see politics in everything so they are blind to the reality that there's nothing political about anything ISIS or any of the other Islamic terrorist groups do.
That makes no sense. The Islamic State is a political entity.
#2.1.1.1.1.1
Zachriel
on
2015-11-25 17:42
(Reply)
Not to you and your lefty friends and that is why Obummer has only made the situation worse. The fact is they claim they are doing what the Koran commands them to do: kill infidels. The only thing we in the West can do to get them to stop trying to kill us is embrace their flavor of Islam.
#2.1.1.1.1.1.1
mudbug
on
2015-11-25 22:31
(Reply)
"The threat will only end when there is political stability, the rule of law, and some sort of say for the people concerning their own futures, in the Middle East."
We're in for a very long war against Islamic terrorism. The threat will only end when either they have killed or enslaved every non-muslim or they have all been killed or impoverished such that they cannot travel and commit acts of terror. There is no state of peace with Islam and never will be. Either they will win and dominate the world or they will lose and go back to living in caves, no matter how long it takes. All of the politically correct talking around the problem only emboldens them and brings them recruits.
The only thing that can save Europe is an immediate and uncompromising effort to round up every muslim and deport them. I don't think Europe has the balls to do this so they are lost. We are next. The only thing that can save the world is to force them all back to the dozen or so countries they have already destroyed beyond redemption and keep them there. I don't think the non-muslim world has the balls to do this so the worlds civilization is screwed. There is one thing that could save Europe, the U.S. and the non-muslim world and ironically it is something that the terrorists could and most likely will do; that is to nuke one or more large Western cities. This one mega-terror attack would be the final wakeup call that 9/11 should have been. GoneWithTheWind: The threat will only end when either they have killed or enslaved every non-muslim or they have all been killed or impoverished such that they cannot travel and commit acts of terror.
While destruction of the Islamic State is necessary, it is not sufficient to destroy non-state terrorist forces with similar goals. GoneWithTheWind: There is no state of peace with Islam and never will be. The vast majority of the world's 1.6 billion Muslims just want to live in peace and raise their families. GoneWithTheWind: The only thing that can save Europe is an immediate and uncompromising effort to round up every muslim and deport them. Might as well round up the Jews and Papists too, while you're at it. "if the jews and papists were the only ones constantly committing terrorists attacks I would agree with you. But oddly it isn't the mormons, presbyterians or hindu. It is the muslims, continuously, repeatedly and will never end. It is thheir religion. Just as the Christian religion spawns crazy radicals who donate time or money to save lives and build hospitals the religion of Islam spawns crazy radicals who kill and enslave non-muslims. Nothing we can say or do will ever change that. What makes it worse is as the percentage of the population becomes increasingly muslim the rate of this spawning of crazy crazy radical terrorists increases exponentially. The ONLY thing that will prevent the unpredictable and inevitable spawning of Islamic terrorists is to have no one around who believes in Islam. The choices are to accept that they will continue to kill and war against us maybe eventually winning or eventually committing such a horrific act that we will destroy them OR we isolate them. You can dance around it and throw up PC walls and call those who understand the nature of the threat racists but sooner or later you will finally understand what you do not now understand. Your/our ignorance of what is actually happening is your/our biggest problem. The media and our government is not doing us a favor by hiding the facts. The left/liberals are not doing us a favor by covering for the terrorists and calling everyone names. Obama, reid and Pelosi and their gang have mishandled this crisis from day one and more than likely have sealed our fate and put us on track for WW III. For Pelosi it is stupidity, for reid it is duplicity and for Obama it is an intentional act of treason.
#2.1.3.1.1
GoneWithTheWind
on
2015-11-25 15:55
(Reply)
GoneWithTheWind: There is no state of peace with Islam and never will be.
GoneWithTheWind: It is the muslims, continuously, repeatedly and will never end. It is their religion. And no one said a word.
#2.1.3.1.1.1
Zachriel
on
2015-11-25 17:44
(Reply)
Re: Tri-state ware on business
QUOTE: What the pols ignore when they inflict pain on business is how much trouble that means for the folks who depend on the private sector for goods, services — and jobs. That's not a bug, that's a feature. Eventually everybody will end up depending on the government for goods, services, and jobs. Re: yoga
Putting aside the ridiculousness of uppity-ups at the University of Ottawa (incredibly, the 'home' of Janis Fiamengo who actually does use her brain and was recently featured here on Maggies. See her wonderful videos here https://www.youtube.com/user/StudioBrule) whose mental yoga negatively equates real yoga from India with the British colonialism of India (does your head hurt yet?), one might wonder just how bad British colonialism was for the Indians. Without denying that there were some bad aspects of British rule, it needs to be said that some the primitive Indian customs were dangerous to the public health and any attempt to reform them to a more modern lifestyle was a very positive thing for which the Brits should be applauded and not scorned. "Tri-state war on business"
The government through it's taxes and regulations is a parasite and it does what a parasite does; it keeps eating away the body of the host until it kills it. A human (assuming the government is run by humans) has the ability to understand that it cannot take too much from this living host or it will kill it whereas a simple parasite does not know this. What this means is the parasite is ignorant but the government is stupid. "University bans yoga for promoting Western colonialism" What this is about is the new leftist/fascist craze "Cultural appropriation". But Cultural appropriation only seems to apply in one direction. No one is saying that Indians in India should stop using Western antibiotics but I for one am offended by their neo-colonialism in appropriating our medicine culture. Then there is the whole water treatment thingy, I mean seriously can all you 3rd world countries please stop treating your water using Western technology. Geeez what a bunch of racists... “After 50 years of teaching at Harvard, I have never met a less courageous group of people than tenured faculty.”
It takes a leftist 50 years to catch on. I started college in 1960 and recall the student demonstrations and how the administration caved in to them. We joked that there was nothing more craven and cowardly than a college president. The past 50 years have simply confirmed this opinion. Hillary sounds desperate to link her candidacy with the Clinton economy of the 90s (and FWIW, I know that it wasn't Bill's plan that made the 90s prosperous, but that is his/her narrative).
Touting her marriage as a great one is a hoot. Maybe someone who is already licking her jackboots will ignore the blatant hypocrisy of her saying we need to believe all sexual assault accusers at the same time that she shuts down Juanita Broddarick. If this weren't happening in real life, I would love the irony and hilarity of it all. Dangerous Dean: (and FWIW, I know that it wasn't Bill's plan that made the 90s prosperous, but that is his/her narrative).
The Omnibus Budget that the Clinton Administration claimed was central to their economic recovery plan was passed without a single Republican vote, and Al Gore, as President of the Senate, had to cast the deciding vote. Republicans universally claimed it would lead to economic catastrophe. Instead, it was the start of the longest peacetime economic expansion in modern U.S. history. You're correct that the pubbies were hyperbolic in their criticism of Clinton's tax increases. Something that is common to both parties, but for my money, the Dem's get more hyperbolic about more things than the pubbies.
As far as the economy was concerned, Clinton (and Bush Sr.) rode on Reagan's coat tails as well as the tech revolution. Clinton famously claimed "it's economy, stupid" when in reality the shallow recession was already melting away. Before the election, the economy was growing at greater than 6%. After the pubbies took over the House and Senate, Clinton claimed he had a deep understanding of the budget saying that $200B deficits as far as the eye could see was the best that could be done. It wasn't till the pubbies forced the issue that the budget was eventually balanced. mudbug: You're correct that the pubbies were hyperbolic in their criticism of Clinton's tax increases.
They were simply wrong. The Clinton Administration had a specific plan for moving the economy forward, which involved a significant reduction in deficits in order to free capital for investment. Z: They were simply wrong.
How gracious of you! Let's see Clinton was wrong either when he said he understood the budget or that there had to be $200B deficits for the foreseeable future or both. The fact remains, he was certainly not solely or even mainly for the great economy in the '90s nor was he responsible for the balanced budget He was wrong when he predicted carnage from welfare reform. He was wrong when he said he didn't have sex with that woman, Monica Lewinsky and that anything depends on the definition of the word 'is.' That's not to mention all the misogynistic things his people did to those accusing him of sexual harassment or rape. I know you Clintonistas would dispute that those women are being honest, but as Hillary recently said (via tweet): QUOTE: Every survivor of sexual assault deserves to be heard, believed, and supported. http://hrc.io/SexualAssault .
#7.1.1.1.1
mudbug
on
2015-11-24 18:45
(Reply)
mudbug: How gracious of you!
You suggested they were hyperbolic, but they were hyperbolic with the wrong sign. Instead of the economy collapsing, it began the longest peacetime economic expansion in modern U.S. history. mudbug: Let's see Clinton was wrong either when he said he understood the budget or that there had to be $200B deficits for the foreseeable future or both. Huh? Clinton's 1996 budget proposed deficits, but that doesn't mean that further cuts weren't intended. Welfare reform was still on the table, and was something Clinton had promised during the campaign. mudbug: The fact remains, he was certainly not solely or even mainly for the great economy in the '90s nor was he responsible for the balanced budget There were a lot of factors involved, which did include deregulation of the Internet spearheaded by Gore when he was in the Senate, the reduction in deficits resulting in increased confidence in the U.S.'s ability to manage its economy; plus all the normal advantages of the U.S. economy, natural resources, educated and motivated workforce, and robust markets. mudbug: He was wrong when he said he didn't have sex with that woman, Monica Lewinsky and that anything depends on the definition of the word 'is.' You are revealing the weakness of your position by point to an obvious political distraction.
#7.1.1.1.1.1
Zachriel
on
2015-11-25 10:39
(Reply)
Z: You suggested they were hyperbolic, but they were hyperbolic with the wrong sign. Instead of the economy collapsing, it began the longest peacetime economic expansion in modern U.S. history.
I didn't suggest they were hyperbolic. I said they were. Maybe you forgot that I also recounted that the democrats said that the poor were going to starve if welfare reform was enacted. You do remember that they didn't, right? Then there was Bill Clinton, who studied under the racist Senator Fulbright, who said he remember black churches burning in Arkansas - when there were none that burned since he was born. But maybe the crowning achievement of Democrats being 'hyperbolic' is when they had ads saying that more black churches would if a pubbie was elected president. Not only was that hyperbolic and not only it was wrong, but it was a blood libel. None of this is surprising given that they lie about their own history by saying that for 200 years they have been the party of civil rights. Give it up - you have no room to talk. Z: Huh? Clinton's 1996 budget proposed deficits, but that doesn't mean that further cuts weren't intended. Welfare reform was still on the table, and was something Clinton had promised during the campaign. Are you this clueless? Did you read what I said or are you just picking out a single sentence to erase any context and then argue with that? I explained that Clinton had no intention of balancing the budget. He said that he could not see a way to reduce the deficit below $200B/year for his entire presidency (and presumably beyond). As for welfare reform, he promised it, vetoed it twice and then signed basically the same bill he vetoed twice before. That speaks to REAL commitment! Z: There were a lot of factors involved, which did include deregulation of the Internet spearheaded by Gore when he was in the Senate, the reduction in deficits resulting in increased confidence in the U.S.'s ability to manage its economy; plus all the normal advantages of the U.S. economy, natural resources, educated and motivated workforce, and robust markets. The Internet was and is a huge driver of the economy - partially because it was unregulated - so Gore deserves some credit (no need to thank me!), but the tax cuts and the deregulation of the '80s was what got the ball rolling. The re-regulation of this administration is running that ball into a ditch. Z: You are revealing the weakness of your position by point to an obvious political distraction. No, I'm being gracious by comparing Clinton's self serving lies about his sexual harassment (feminist definition) of Lewinsky to Republicans being hyperbolic about tax cuts. Of course, he wasn't being hyperbolic or even wrong. He was lying to save his own skin (legal and political). Having the truth of Lewinsky (not to mention, Willey, Broaddrick, and how many others) come out would have been very damaging to his defense in Paula Jones's suit. The potential political damage was obvious. He was and continues to be the lowest of the low.
#7.1.1.1.1.1.1
mudbug
on
2015-11-25 14:33
(Reply)
mudbug: I didn't suggest they were hyperbolic. I said they were.
Hyperbolic of the wrong sign. mudbug: Maybe you forgot that I also recounted that the democrats said that the poor were going to starve if welfare reform was enacted. Hyperbolic of the correct sign, and somewhat mitigated during negotiations over the reform bill. Even then, there were significant problems among the poor during the transition, however, the Clinton Administration worked to make sure there was some support for moving people from welfare to work. mudbug: I explained that Clinton had no intention of balancing the budget. Clinton campaigned to significantly reduce deficits, and reform welfare. He signed two bills which did exactly that.
#7.1.1.1.1.1.1.1
Zachriel
on
2015-11-25 17:40
(Reply)
He did it only when he had no choice. He vetoed welfare reform twice and he was satisfied with $200B deficits for his entire term. You are deluded.
#7.1.1.1.1.1.1.1.1
mudbug
on
2015-11-25 18:01
(Reply)
mudbug: He vetoed welfare reform twice
Because the bills didn't provide the protections Clinton wanted to help people move from welfare to work, including child care support and medicaid coverage for poor children. Those were added to the final bill. Clinton didn't have to sign the bill, but he did, fulfilling his campaign promise to "end welfare as we know it".
#7.1.1.1.1.1.1.1.1.1
Zachriel
on
2015-11-25 18:16
(Reply)
All three boils were essentially the same. He bowed to political pressure to sign it the last time.
#7.1.1.1.1.1.1.1.1.1.1
mudbug
on
2015-11-25 22:33
(Reply)
As already pointed out, that is incorrect. Clinton got some of the improvements he wanted, but didn't get others. For that, he took flak from the left, but fulfilled his campaign promise to reform welfare.
http://nwcitizen.com/oldsite/usa/welfare-reform.html
#7.1.1.1.1.1.1.1.1.1.1.1
Zachriel
on
2015-11-26 10:39
(Reply)
Whatever... Just the threat of reform caused up to 50% of those on the welfare rolls in some cities to leave welfare and get a job before any law was passed.
#7.1.1.1.1.1.1.1.1.1.1.1.1
mudbug
on
2015-11-26 13:19
(Reply)
http://www.cbpp.org/sites/default/files/thumbnails/image/3-13-12tanf-f1.jpg
#7.1.1.1.1.1.1.1.1.1.1.1.1.1
Zachriel
on
2015-11-26 13:42
(Reply)
Oh for crying out loud. This flies in the face of dreaded trickle down econ of the prior day, as well as the present day's hyper-cronyism, where oceans of liquidity can't jump-start a weed-whacker. The former is the eternal bane of ignorant leftists, the same Krugmanists who see 2015 policy as salvation itself.
The issue isn't capital, it's the quality of that capital and the circularity of all the world's cross-linked accounts. (Do you know the sum total of bank derivatives?) Revising Clinton Democrats into Uncle Milty and even the morons we know as Republicans into spendthrifts is hogwash. Any effect Clinton had wasn't classic monetary wisdom any more than it was long-term. As for the "Clinton recovery", while others take that bait, it was nothing more than the fiat notable expansionism of many. The tech bubble was then restored with the Fed's real estate bubble, which has been reinflated four times more through QE. Clinton's only redemption was that his term had expired. He's perhaps the greatest beneficiary of bending Keynes into the world's greatest heroin dealer of all time.
#7.1.1.1.2
Ten
on
2015-11-24 20:08
(Reply)
Correction: "the most notable fiat expansion of many..."
#7.1.1.1.2.1
Ten
on
2015-11-24 20:11
(Reply)
http://nowandfutures.com/images/m3b_long_term.png
#7.1.1.1.2.2
Ten
on
2015-11-24 20:15
(Reply)
Ten: This flies in the face of dreaded trickle down econ of the prior day, as well as the present day's hyper-cronyism, where oceans of liquidity can't jump-start a weed-whacker.
Liquidity is a necessary, but not sufficient condition for economic growth. In the situation at the beginning of the Clinton Administration, economists identified liquidity in the capital markets as a bottleneck to economic growth. Therefore, a reduction in government borrowing would alleviate the bottleneck, and spur investment. Those who argued the policy would lead to economic collapse were clearly wrong.
#7.1.1.1.2.3
Zachriel
on
2015-11-25 10:46
(Reply)
You don't know the subject.
#7.1.1.1.2.3.1
Ten
on
2015-11-25 12:17
(Reply)
Presumably, you were one of those who thought raising the marginal tax rates would crash the economy.
#7.1.1.1.2.3.1.1
Zachriel
on
2015-11-25 13:39
(Reply)
Not to repeat myself into vacuum again, but presumably, your plurality are those who thought increasing the money supply would increase the velocity of money thereby to increase wealth. I mean, since we're trading isolated abstracts.
Clearly you don't know the subject, confirming when I said you didn't know the subject.
#7.1.1.1.2.3.1.1.1
Ten
on
2015-11-25 14:10
(Reply)
Ten: increasing the money supply would increase the velocity of money thereby to increase wealth.
The direct effect is increased economic activity, with more people working more productively. The indirect long-term effect is increased wealth.
#7.1.1.1.2.3.1.1.1.1
Zachriel
on
2015-11-25 17:33
(Reply)
Zachs are funny. Not one word of that is defensible beyond the closed abstract you've taken care to couch it in, and "more productively" is an unsupportable falsehood peppered in for good measure.
Here's why. Our 6-years-budgetless Pres presided over upping the national debt by $8T, doubling it in the same period of time, and yet every economic indicator is flat and ZIRP is a coin toss from NIRP. So, regardless of blaming Bush - who deserves much derision accordingly - where'd the $8T go when stimulus pays these many splendored dividends? $8T since Bush. That should buy a mountain of More Productively, no? Normal people take something big, important, and ominous from that but my guess is Zachs will find some way to put their partisan spin on it. It just could be Zachs don't know the subject.
#7.1.1.1.2.3.1.1.1.1.1
Ten
on
2015-11-25 19:00
(Reply)
Ten: That should buy a mountain of More Productively, no?
The economic situations were quite different. At the beginning of the Clinton Administration there was a bottleneck in the capital markets. At the beginning of the Obama Administration, the global economy was in free fall. The deficits were largely because to the drop in tax revenue due to the ensuing recession. Considering the magnitude of the disaster, which occurred at the end of the Bush Administration, and the extent of the economic damage, the U.S. has managed the crisis better than most of its competitors, showing continued moderate growth once the situation stabilized.
#7.1.1.1.2.3.1.1.1.1.1.1
Zachriel
on
2015-11-26 10:37
(Reply)
You haven't the slightest idea what's underlying these random economic events, Zachs, and they are entirely random, which is probably why they're selected.
#7.1.1.1.2.3.1.1.1.1.1.1.1
Ten
on
2015-11-26 11:25
(Reply)
Or, perhaps, the great expansion that started under Reagan resumed, after its hiccough that Clinton called the worst economy in 50 years.
I do give Clinton and Gore some credit for the economy, however. Assistant Village Idiot: Or, perhaps, the great expansion that started under Reagan resumed,
The U.S. economy had been mostly expanding since WWII, including during the Carter Administration. Assistant Village Idiot: after its hiccough that Clinton called the worst economy in 50 years. That was Clinton hyperbole, but Bush I was one of the weakest periods of growth. https://www.washingtonpost.com/blogs/wonkblog/files/2013/12/presidents-and-growth.png Zach, do a little homework before you give credit to Clinton for economic prosperity in the '80s.
Besides the tech invasion allowing companies to streamline every aspect of production and track risks to grow profits (remember WalMart?), his reign was the start of the recession of 2008 with bond market shenanigans taking over Wall Street (read any of Michael Lewis' books for the details), real estate bubbles beginning to form as mortgages became the best game in town, and creative accounting and government manipulation hiding an accident waiting to happen. jma: do a little homework before you give credit to Clinton for economic prosperity in the '80s.
Clinton became president in 1993. jma: his reign was the start of the recession of 2008 with bond market shenanigans taking over Wall Street Bush was president in 2008 — had been since 2001. Sorry about the typo: the '90s. The rest holds true. Governments don't make wealth; they create environments that allow companies to grow at low risk. Governments DO create busts by sticking their fingers in the markets to give the appearance of low risk. It usually takes several years for the investor to realize the emperor has no clothes…nor any assets.
We've never learned and now have run out of options for liquidity except to print more money. What's a savings account paying these days?
#7.1.3.1.1
jma
on
2015-11-25 00:07
(Reply)
jma: Governments don't make wealth; they create environments that allow companies to grow at low risk.
Surely you agree that governments can impeded growth. Economists working with the Clinton Administration believed government borrowing was creating a bottleneck in the capital markets, so that a reduction in borrowing would spur investment.
#7.1.3.1.1.1
Zachriel
on
2015-11-25 10:54
(Reply)
So why didn't he submit a balanced budget?
#7.1.3.1.1.1.1
mudbug
on
2015-11-25 22:36
(Reply)
Because welfare reform was to be dealt with in separate legislation.
#7.1.3.1.1.1.1.1
Zachriel
on
2015-11-26 10:40
(Reply)
The balanced budget of the 90's was 100% due to Newt Gingrich and the Republicans in the House.
The great economy was due to (as was previously stated) Reagan's recovery AND the ".com" boom. Clinton was simply lucky to have been in office when it all happened. GoneWithTheWind: The balanced budget of the 90's was 100% due to Newt Gingrich and the Republicans in the House.
Clinton signed both the 1993 Omnibus and the 1996 welfare reform, so he had something to do with it. Dick Morris left out the Dems' War On Guns And The 2nd Amendment.
|