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Timmah! said:

This is an interesting read, America's misunderstood trade deficit:

http://www.freetrade.org/node/358

Be sure to read the 'Myths' section.


This article states that one of the ways to reduce a trade deficit (and the most pleasant from what I recall) is to reduce the budget deficit.  Bush has presided over the most outrageous and needless budget deficit since the early days of Reagan's presidency -- largely as a result of his tax cuts, which are widely credited with prolonging the recession of the early 2000s.  So yes, Bush has negatively affected the economy (along with the Republican party overall; I agree that he - and even his administration - couldn't significantly damage the economy singlehandedly). 

By the way, the economy and stock market are recovering nicely when you look at the numbers, but what about looking at wages?  It might not be a "jobless recovery", any more, but the working man has not enjoyed a comparable increase in real wages AFAIK, and I have done a little poking around on this subject.  



Tag (courtesy of fkusumot): "Please feel free -- nay, I encourage you -- to offer rebuttal."
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My advice to fanboys: Brag about stuff that's true, not about stuff that's false. Predict stuff that's likely, not stuff that's unlikely. You will be happier, and we will be happier.

"Everyone is entitled to his own opinion, but not his own facts." - Sen. Pat Moynihan
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The old smileys: ; - ) : - ) : - ( : - P : - D : - # ( c ) ( k ) ( y ) If anyone knows the shortcut for , let me know!
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