|
With all the Reagan hagiographies abounding, the old canard that the economic success of the 90's was due to Reagan. The reasoning is that the actions a president takes in office require 10 years to affect the economy. Hence, what Reagan did in 1986 resulted in the boom in 1996.
Well, well, well. The worm has now turned, hasn't it boys?
Bad enough that this means that when they took credit for the economic "boom" of the 80's, they are admitting they were wrong, since that would have been Ford's doing. And, Ford implemented wage and price controls, which are anathema to conservative economics. So, giving Ford credit would require admitting they were wrong about their most basic economic beliefs. Ha Ha!
But, on top of that, it would mean that when the economy was "in recession" at the end of 1990 (or so they claim), that it would be Li'l Georgie's dad's fault. After all he was president 10 years before that. Another Ha Ha!
And, since the economy is in such "good shape" now, well, who was president 10 years ago? Oh that's right! Clinton! So, this good economy is Clinton's doing, not Li'l Georgie's. Third Ha Ha!
So, which is it boys? Do a president's action affect the economy now or in 10 years. Did Reagan affect the 80's or the 90's? Who was responsible for the economy of the 80's then? Wage & Price Controls? Who do we blame for the recession if not Li'l Georgie? His daddy?
Whichever answers they give, they won't like. No matter which truth they try to tell this week, the logic trap has been sprung!! The Professor
|