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Have Bush's Economic Policies led To Recession?

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posted on Jan, 22 2008 @ 02:33 PM
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Regardless of where you got the info, it is not true that the CA energy crisis was caused by 'deregulation.' It was rather a restructuring, involving the creating of several new regulatory bodies (along with failure to increase capacity by building new plants in a time of increasing demand).




posted on Jan, 23 2008 @ 08:41 AM
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Federal Energy Regulatory Commission (FERC) Summary of Findings of their investigation of the California energy crisis link



Staff concludes that supply-demand
imbalance, flawed market design and
inconsistent rules made possible significant
market manipulation as delineated in final
investigation report. Without underlying
market dysfunction, attempts to manipulate
the market would not be successful.


Although they site other factors such as the illegal maneuvers of Enron they are clearly describing laissez-faire practices.

[edit on 23-1-2008 by Animal]



posted on Jan, 23 2008 @ 01:11 PM
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A peice I read today that is more directly tied to the OP was foudn at Thinkprogress.org

"FLASHBACK: Economists Predicted That A Prolonged U.S. Presence In Iraq Could Lead To A Recession"

"“A war against Iraq could cost the United States hundreds of billions of dollars, play havoc with an already depressed domestic economy and tip the world into recession because of the adverse effect on oil prices, inflation and interest rates, an academic study [by William Nordhaus, Sterling professor of economics at Yale University] has warned.” [Independent, 11/16/02]"

"[“If war with Iraq drags on longer than the few weeks or months most are predicting, corporate revenues will be flat for the coming year and will put the U.S. economy at risk of recession, according to a poll of chief financial officers.” [CBS MarketWatch, 3/20/03]"

And there is more. So it seems that there is not only people who would argue that Bush Co. is responsible for the current economic crisis here in the US and abroad, there are also those who predicted this as a likely outcome.



posted on Jan, 23 2008 @ 04:25 PM
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Isn't that in essense "The Trickle Down Effect"?

Biggest scam ever sold to the public.

Rich Corporate Invester: "Hey, now that we got all this extra money from tax breaks, why don't we make our prices cheaper and pay our employees more money!"

In what world?

[edit on 23-1-2008 by Sublime620]



posted on Jan, 23 2008 @ 04:37 PM
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reply to post by Sublime620
 


In the same world where printing more money helps the economy presumably.

The really galling part is where the money has gone.



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