Comments on: On second thought… http://www.cudemocrats.com/archives/177 The Pulse of Liberal Activism Mon, 22 Aug 2011 00:13:11 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Anonymous http://www.cudemocrats.com/archives/177/comment-page-1#comment-37 Anonymous Sun, 03 Feb 2008 08:02:00 +0000 http://cudemocrats.nfshost.com/cucd/?p=177#comment-37 Wow. You know, it's kind of silly to call these "Republican recessions." When, for instance, did the economic begin to shrink that started our last so-called "recession?" 3rd quarter of 2000, right? So the economic mess of the beginning of the 21st century has a lot to do with the stock market bubble and a general global slowdown, not the policies of one party or another. And we know that other recessions, from the 1970s and 80s, were products of oil shocks - something that certainly doesn't have a partisan association to it.<br/><br/>Looking back on the past 25 years, you'll notice that recessions have become far less common and much shallower. Why is that? I'm probably not qualified to answer such a complicated question, but I think we are a much more flexible economy because we trade more, our taxes are lower, and we have an active Fed. Both parties deserve credit for this - Kennedy and Reagan slashed taxes, all presidents have embraced trade, and all presidents have supported Fed chairman with a proclivity for slashing rates. Wow. You know, it’s kind of silly to call these “Republican recessions.” When, for instance, did the economic begin to shrink that started our last so-called “recession?” 3rd quarter of 2000, right? So the economic mess of the beginning of the 21st century has a lot to do with the stock market bubble and a general global slowdown, not the policies of one party or another. And we know that other recessions, from the 1970s and 80s, were products of oil shocks – something that certainly doesn’t have a partisan association to it.

Looking back on the past 25 years, you’ll notice that recessions have become far less common and much shallower. Why is that? I’m probably not qualified to answer such a complicated question, but I think we are a much more flexible economy because we trade more, our taxes are lower, and we have an active Fed. Both parties deserve credit for this – Kennedy and Reagan slashed taxes, all presidents have embraced trade, and all presidents have supported Fed chairman with a proclivity for slashing rates.

]]>