Page 2:
I was shocked - hearing Last 8 years of failed economic policy argument - i was wondering it must be really bad, well it's feelign bad - no doubt about it..
Being a statistician - when i have looked this, few facts jumped at me:
Look at Revenue line...
1. Frm yr 1992 to yr 2000 (President Clinton's era) government icome started rising - How? i need to check, if its due to higher tax, which i will not be surprised if that comes out true.
2. It kept going up until 2001 (First year of President Bush)
3. Sharp decline little after 2001 until 2003 (9/11 incident and war)
4. Revenue stabilized and again started going up until 2006 (President Bush)
5. Revenue going down sharply just after 2006 until 2008 (Both Houses with Democrats)
5. Revenue going down sharply just after 2006 until 2008 (Both Houses with Democrats)
Look at the Spending line...
1. Stedy but increasing pattern until 2001
2. bigger increase after 2001 until 2005 (War)
3. Stedy line for a yr and half until late 2006 (War)
4. Sharp increase 2007-2008 (War and Democrats in House)
My Impression...
- Bush policies were not that bad... (I cant believe i am saying this.. )
- 9/11 has caused temporary revenue to go down
- War has caused spending go up
- Democrats control houses has caused situation worse...
And Obama is telling everyone its Bush policy has caused this Economic Crisis - I am not buying this.
And Did I mention, even with the declined Revenue - it was over all time high... the problem is expenditure went higher... so i guess, the best solution i think is control spending going out of control...
Posts
No comments:
Post a Comment