carl_barx said:
b) conservatives were the ones who first supported the individual mandate which is the core of "obamacare", until of course obama supported it and they were suddenly against it--does that make them socialists too? c) and how do you quantify this? i think the 2008 recession was pretty bad, and that was almost entirely the result of the bush administration facts are nice |
a) That is a very unsubstantiated graph. Both how deficits and GDP are measured have changed over time. In addition to this, GDP is dramatically higher, thus you can have higher deficits at a lower "percentage of GDP". The point may still be correct, I don't know, but that graph isn't evidence.
b) Yes, they are.
c) The economic crisis of 2008 was bigger than any one President. The housing bubble was a result of loose monetary policy from the Federal Reserve, with cash flowing out of the dotcom bust and into housing. It can be argued that specific policies channeled this flow into housing, from both the Bush and Clinton administrations... however, that bubble would have just formed elsewhere.
There are still bubbles waiting to be popped... tech, cars, stock market, etc. Buckle yourself in, we're in for one wild ride.







