Recent attempts at discrediting President Bush have blasted him on the economy. Facts speak otherwise. NASDAQ peaked a year before Bush took office and had already lost half of it's value by Bush's inauguration. The Dow Jones industrials had peaked in1999 and was headed down long before Bush inherited a dismal economy. It takes time for political policies to change markets and economy trends, but these downward spirals were clearly inherited by the Bush administration.
Bill Clinton inherited market trends moving up. It wasn't until Clinton's Justice Department tried smashing up Microsoft that the markets went soft, and job losses soon followed. Janet Reno was so intent on hurting Microsoft that they coddled corporate criminals from companies like Enron, WorldCom and Global Crossing, who abused their stockholders and cheated their employees. These abuses happened on Clinton's watch. Bush's Justice Department is busy prosecuting many corporate criminals rather than American successes like Microsoft. He's trying to restore credibility in the marketplace. Revisionist Democrats love taking the credit, while Republicans do the heavy lifting.
Reagan also inherited a recession from a Democrat. It took a couple of years for his tax cuts to jump-start Carter's lackluster economy with double digit inflation and interest rates that mainly hurt people on fixed incomes. Tax cuts soon turned the economy around, just like John Kennedy's tax cuts did and like Bush's tax cuts are doing now. President Kennedy said, "No doubt a temporary tax cut could provide a spur to our economy."
How far the Democratic Party has come from Kennedy's tax cutting and strong military days. Now Democrats call for raising taxes, retreating from victory, homosexual marriages, abortion rights, gun control, and a police state controlling nearly every aspect of life except if it profiles terrorists. I believe Jack Kennedy would not approve.
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