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2slugbaits & Stryker

 
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PostPosted: Sat Feb 07, 2015 5:21 am    Post subject: 2slugbaits & Stryker Reply with quote

2slugbaits:

There’s very little that a President can do to promote long run economic growth. A President’s influence is pretty much confined to short run aggregate demand management. No one, even really smart folks, understand long run economic growth in a deep way. And if the smart folks don’t get it, I wouldn’t bet that a Bush clone got it. We know that population increase is by far the biggest single contributor to economic growth, and given that Bush would be almost 64 if he won in 2016, I’m guessing his virility quotient would not allow him to contribute much to population growth….little blue pill or not. Besides, there would be at least an 18 year lag. The efficient allocation of capital doesn’t seem to be a strong suit of the Bush family either. Besides the financial mess surrounding Bush 43, we also had the S&L fiasco under Bush 41. And don’t forget about hapless Neil Bush and Silverado Savings & Loan. This is not a family that seems to understand financial markets. Okay, what about technology? Hmmmm…isn’t this the family that was amazed by scanners at supermarkets?

There are a few things that “Jeb” Bush might be good at. For example, immigration policy, but I don’t see his supporters signing up for it. They couldn’t swallow Bush 43’s immigration plan, so it’s a little hard to see how they’d swallow a Bush 45 plan. Given his personal history a Bush 45 presidency might initiate a more rational drug policy. So that’s a plus. His weight seems to fluctuate a lot, so maybe a Bush 45 presidency would be a boon to the diet and exercise business.

The Bush family: Home of the Empty Suit.

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Rick Stryker:

2slugs,

Wrong again.

The S&L crisis was not a Bush 41 presidency crisis, although the effects of the crisis continued into Bush’s presidency. The crisis really began in 1979-80 with high interest rates that affected the asset-liability mix of the S&Ls . The Democratic Congress responded in 1980 by passing the Depository Institutions Deregulation and Monetary Control Act, which Democratic President Jimmy Carter signed, and which was designed to strengthen the S&Ls by allowing them to get into business lines that banks were in. However the crisis didn’t really get going until the mid to late 1980s and continued into the 90s. Democratic Speaker of the House Jim Wright was notorious at the time for interfering with regulators on behalf of his friends in the S&L industry, particularly Vernon Savings and Loan. Wright was ultimately forced to resign in 1989. I would also remind you that 4 of the Keating Five were Democrats.

You also repeat the myth that Bush 41 was amazed at seeing a common supermarket scanner. That myth was created by the New York Times in an attempt to aid the Clinton campaign’s effort to portray Bush as out of touch with ordinary people. Despite this myth having been debunked (by left-leaning snopes.com for example), the NYT as far as I know never corrected it and so guys on the Left like you continue to repeat it.

Because of pervasive left wing media bias, progressives believe many “facts” that have been made up by someone with an agenda. At the same time, you don’t hear about many facts that are contrary to your world view. For example, you believe Republicans are ignorant because the media looks for any opportunity to expose any Republican for the slightest reason, often making up the facts. But you don’t believe Democrats are ignorant since the media rarely calls any attention to it. For example, The Washington Post recently passed over without comment the President saying “he’s first president since George Washington to make some booze in the White House.”

The problem with that statement of course is that George Washington never lived in the White House, since the White House was finished during John Adam’s presidency. Adams was the first President to live in the White House. So the current occupant of the White House does not understand basic history about it.

If a Republican president had made this statement, you’d know about it since the Washington Post, NY Times, or other mainstream media would have been sure to let you know. That’s why you have a distorted view of the world.

[Republican, John McCain, who, along with Democrat John Glenn, was cleared of all charges involving Lincoln Savings and Loan. However, the Senate Ethics Committee ruled that the other three Democrats, Riegle, Deconcini, and Cranston, acted improperly. Cranston was reprimanded.]

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