# Growth down to 1.6%, economy chat ITT.

**URL:** <https://forums.speedlife.net/t/growth-down-to-1-6-economy-chat-itt/254264>\
**Category:** Shift518 Off Topic\
**Created:** [September 1, 2010, 6:43am UTC](https://forums.speedlife.net/t/growth-down-to-1-6-economy-chat-itt/254264 "2010-09-01T06:43:38Z")\
**Posts on this page:** 1\
**Showing post:** 67

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**Author:** ![Upstate](https://avatars.discourse-cdn.com/v4/letter/u/b3f665/32.png) [@Upstate](https://forums.speedlife.net/u/Upstate)\
**Post date:** [September 4, 2010, 7:34pm UTC](https://forums.speedlife.net/t/growth-down-to-1-6-economy-chat-itt/254264/67 "2010-09-04T19:34:56Z")

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> [@FS: d16 supercharger \*\*\*now w/pics\*\*\*sold\*\*\*\*](https://forums.speedlife.net/t/fs-d16-supercharger-now-w-pics-sold/33592/61):
>
> No. Clinton created a surplus because he did not cut taxes. Bush thought he could cut taxes and still maintain public works and other jobs that require money from the budget. Think about it if less is coming in, and your spending the same, well your going to run out pretty quick then.
> 
> Obviously Obama has spent trillions more than bush did. Theres no denying it. However obama was put into office in the middle of a shit storm. Bush was given office when the DOW was still above 13000. Maybe it was because clinton allowed banks to make stupid loans. Its the people who are taking out the loan who are at fault. Trying to afford housing thats 5 times their annual salary and 60% of their net income. Keeping up with the JONES’ i believe thats called.
> 
> I agree with your last post. Vote NADAR

Bush also had to deal with the financial fallout of the 9/11 attacks not even 8 months into his first term and the ensuing war. Clinton lucked out because there were no major conflicts of any sort happening under his watch. That makes a HUGE difference. He also happened to be dealing with a Republican Congress which gave the country a good balance. Single party rule does not work. Bush’s first 6 years and Obama’s term thus far illustrate that.

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