this is true… alot of it had to do with the boom of the internet aswell. The enconomy was going downhill before clinton even left office, yet somehow gets thrown on Bush (not saying that he’s not spending alot, because he is and he’s played a part in it). It’s a cycle… alot of it, nobody has control of… it’s just how the system works (nature, war, buisness corruption, terrorist attacks, and a whole bunch of other shit all effect it in it’s own rite)
But saying that it’s all one person fault is extremely short sighted to say the least
A Congressional intelligence report documented that Reagan’s Contra army, who Reagan equated as “the moral equivalent of our founding fathers,” had “raped, tortured and killed unarmed civilians, including children.” The report also documents that “groups of civilians, including women and children, were burned, dismembered, blinded and beheaded” by the Contras, who Reagan also dubbed as “freedom fighters.”
The US Congress, for its part, was so disgusted that it cut off all funding for Reagan’s “freedom fighters.” Undeterred, the Reagan administration covertly raised funds for the Contras by selling weapons to the US’ official enemy, Iran, as well as aiding the Contras in illicit narcotics shipments to US-based drug dealers. This fiasco has historically been termed the “Iran Contra Affair.”
The Contra War ended in 1989, with a fed up Nicaraguan population finally crying “uncle” and voting a US-supported government into office. The war cost Nicaragua over 50,000 lives and left the Nicaraguan economy and infrastructure in shambles – a state it remains in today.
The Reagan administration continued to sell not only conventional weapons, but biological and chemical weapons components to Iraq even after it was documented that they were using banned chemical weapons against their own Kurdish population and against the Iranians. The Reagan administration also worked to thwart international condemnation of Saddam’s regime. The Iran-Iraq war cost over one million lives, with the Reagan administration supplying weapons to both sides.
In Afghanistan, the Reagan administration ordered the CIA to build an army of fundamentalist warriors to drive the Soviet Union out of that country. Among the leaders that they recruited, armed and trained, was Osama bin Laden. The Afghani members of this army evolved into the Taliban. The foreign fighters recruited primarily in Pakistan and Saudi Arabia later became al Qaida. These bastard sons of the Reagan foreign policy are the Gipper’s ultimate legacy.
Yeah I have heard this theory as well. But its interesting that people attribute all the problems we have now to Bush Jr.
Ah well, what are you going to do. Bush is a retard, republicans know it and it pisses them off.
I heard/read somewhere that Bush has borrowed $1.75 Trillion in 5 years.
All the presidents from George Washington to Clinton borrowed $1.71 Trillion combined. Deficits are sweet!
you have to look at inflation and the deflation of the dollar. the dollar is deflated, so 1.71 trillion really isnt 1.71 trillion. our money is like canadian money right now.
so thats really only like a dollar 40 or something
with interest rates on the rise and the dollar sinking, its not going to get any better soon. (oh before people bitch, it is normal for the dollar and our economy to go up and down. go read your high school economics books again)
get ready to start moving money into the bond market
Thats very true. I just think its pretty staggering when you add it up.
Even if you take inflation out of the equation, its a lot of money.
We are going into save mode now.
read my post on the first page Clinton being a bad pres. was much much deeper than getting a hummer (and I didnt even mention the whole dispute about Somalia :roll: )
(and I didnt even mention the whole dispute about Somalia :roll: )