McCain Is Not Bush? - The Failed Economics of Reagan, Bush and McCain

The failure of "trickle down" is in the numbers. Ronald Reagan ran up a bigger debt than every president before him combined. The budget deficit exploded under his leadership and the national debt tripled. In fact, despite a slight flattening of the national debt during the 8 years of Clinton's presidency (actually the debt declined as a percentage of GDP), the debt has grown from under $1 trillion before Reagan to over $10 trillion after George Bush! And, ... Full Story »

Posted by Chris Finnie
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Subjects: U.S., Politics, Business
Member Tags: george bush, Ronald Reagan
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Posted by: Posted by Chris Finnie - Oct 16, 2008 - 10:08 AM PDT
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Edited by: Chris Finnie - Oct 16, 2008 - 10:08 AM PDT

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Chris Finnie
4.4
by Chris Finnie - Oct. 17, 2008

Tenenbaum isn't saying anything that those of us who have been paying attention over the last several decades don't know. He doesn't write anything the facts and figures don't support. In fact, I posted a chart last week that showed exactly what he says. He is, however, saying something you won't read much about in the mainstream media. They will simply continue to report on McCain's statements without pointing out that they are not true, that they have already failed, and that they failed pretty spectacularly under a guy he repudiated last night--George Bush.

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Dwight Rousu
4.4
by Dwight Rousu - Oct. 17, 2008

Tenenbaum presents a correct history of the economic policies of the recent Republican presidents, and places McCain within that policy frame. A bit spare of references and links, but fairly concise and on point.

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Norman Rogers
1.8
by Norman Rogers - Oct. 16, 2008

As soon as you hear "trickle down" you know this is a campaign piece, not journalism. This silly article is filled with exaggerations and lies. And, yes, the Republicans have spent billions on generally useless social programs so beloved by the author.

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