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Report: Recession Bottoming Out

83
Kosh's Shadow9/21/2009 9:33:58 am PDT

re: #80 karmic_inquisitor

You have to hand one thing to the Clinton administration - when they saw recovery they got stingy on spending. Many things that Clinton would announce were policy changes with no new spending. he was good at making his left wing think he was spending more when all he did was largely redirect existing streams. The government placed a lower borrowing burden on the economy and new businesses flourished.

This was a strategy he adopted after his loss of a democratic congress. he played it smart and Americans saw a great benefit from divided government. I hope Obama (who is surrounded by Clinton appointees) sees the same logic and we see divided government again after 2010.

I’m not sure Obama will behave the way Clinton did. Look at how quickly Clinton dropped his health care ideas when they weren’t received. Obama is trying to convince everyone he’s right.