BrainKing - Diskusjonsforum (Politics)

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5. mars 2009, 05:08:08

The Usurper

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Emne: Re: recession to depression

Artful Dodger: It goes back to Reagan, who first set the record for government debt, before Bush Jr. broke his record.

But it really goes further than that...to Nixon, who removed the gold standard. Then back further, to Wilson, who signed the Federal Reserve into law.

Roosevelt tooks steps to help the economy. Clinton hurt the economy in the long run with Nafta, but nevertheless he balanced the budget, and provided a surplus...used up by Bush (and more!) to fund an illegal war.