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Q: Quotes about Bush and the Economy ( Answered,   0 Comments )
Question  
Subject: Quotes about Bush and the Economy
Category: Reference, Education and News > Current Events
Asked by: ezra1-ga
List Price: $50.00
Posted: 31 Oct 2003 08:08 PST
Expires: 30 Nov 2003 08:08 PST
Question ID: 271419
I am looking for quotations from Republican politicians or
conservative pundits about how President Bush is NOT responsible for
the state of the economy (because it's still caused by acts of his
predecessor, Bill Clinton, or because the President can't control the
economy, or for any other reason).

I would also like any quotes from Democrats or liberals rebutting this
assertion and saying that President Bush and his administration ARE
responsible for the state of the economy.
Answer  
Subject: Re: Quotes about Bush and the Economy
Answered By: tutuzdad-ga on 31 Oct 2003 12:37 PST
 
Dear ezra1-ga;

Thank you for allowing me an opportunity to answer your interesting
question. The number of quotes I found supporting each position in no
way reflect my own political views but merely reflect the avilablity
of pertinent quotes.

====================================================================

PUNDITS:

“Just as the economy was already heading south by the time the current
Bush administration took office, so was the security situation --
although few people saw this at the time. (One exception was two
history professors, Donald and Frederick Kagan, who published a
prescient book in 2000: "While America Sleeps.") It took Sept. 11 to
bring the magnitude of the dangers home, literally. No one would claim
that the Bush administration's response has been flawless; there have
been missteps aplenty. But overall, the president deserves high marks
for dealing with the messes left over from the fool's paradise of the
1990s.”
-	Benador Associates, Public Relations, Media and International
Speakers Bureau
“BUSH IS SOLVING CLINTON'S PROBLEMS”
by Max Boot, Los Angeles Times, February 23, 2003
http://www.benadorassociates.com/article/245

----------------------------------------------------

“That is only part of the problem. James K. Galbraith, an economist
who teaches at the University of Texas, said the greater problem is
the Democrats' reluctance to face the economic issue realistically.
"They have got to get serious," he said. Galbraith said there is no
way to return to the economic conditions of the late 1990s, because
that boom was fueled partly by a speculative bubble in technology. Nor
is it sufficient to blame Bush alone for the current problems.
Liberals and conservatives in the party, he said, must resist
temptation. The temptation for conservatives is to say the problem is
the budget deficit and returning to the Clinton policies of balancing
the budget would return to the Clinton-era prosperity. That just isn't
true," Galbraith said. "The temptation for liberals is to promote an
easy solution through a stimulus program and simply say Bush's tax
cuts were mistimed and misdirected. That's partly true, but it doesn't
mean all problems would be solved by a tax cut that was front-loaded
and aimed at the working class."
-	James K. Galbraith, an economist who teaches at the University of
Texas
WASHINGTON POST
“DEMOCRATIC RIVALS' MISSED TARGET: ECONOMY”
By Dan Balz, Washington Post Staff Writer
Wednesday, June 18, 2003; Page A01 
http://www.washingtonpost.com/ac2/wp-dyn/A7156-2003Jun17?language=printer

----------------------------------------------------

“Bush's advisers and talking heads should have made clear to the press
and the American people that the economy was teetering and is now in
full-blown recession, thanks to Bill Clinton, Al Gore and, yes, Alan
Greenspan.”
NEWSMAX.COM
“FIRE ALAN GREENSPAN” 
Christopher Ruddy
Wednesday, July 24, 2002  
http://www.newsmax.com/archives/articles/2002/7/23/170841.shtml

----------------------------------------------------

“'This president was handed a recession in January of 2001'' 
-	Treasury Secretary Paul O'Neill


“'When he took office this economy was already in a recession'' 
-	Commerce Secretary Don Evans


“''It's now official…He inherited that recession from the previous
administration. Case is closed.''
-	White House Budget Director Mitch Daniels

TRUTHOUT ISSUES
“EMERGING GOP TACTIC IS TO BLAME CLINTON FOR ALL ECONOMIC WOES” 
By Tom Raum 
Associated Press | Boston Globe 
Sunday, 17 August, 2002 
http://www.truthout.org/docs_02/08.19A.blame.clinton.htm


====================================================================

REBUTTALS:

“Matsui also blamed the Bush administration for ruining the
budget…”Just two years ago, the federal budget was in great shape but
record surpluses have turned to record deficits, and today our
government cannot pay its own bills." he said. "The president's 2004
budget calls for a $1.8 trillion federal deficit over the next 10
years, and even this leaves out the cost of war with Iraq. In fact,
during the next two years alone, we will run the largest deficits in
our nation's history."
- Rep. Robert Matsui (D) California
CNN
http://www.cnn.com/2003/ALLPOLITICS/03/15/radio.dems/

----------------------------------------------------

“The data from the Census, even from the Congressional Budget Office,
show the truth. Bush turned surpluses into deficits and transformed a
robust, job-creating economy into the mess we see today. Despite
Herculean efforts to invigorate it, the Bush economy remains anemic.
Good luck running on the ruined wreck Bush made of the Clinton Boom.
Or the mess Bush made of Iraq.”
- Mike Hersh, writer, lawyer and activist
MIKEHERSH.COM POLITICAL COMMENTARY AND ANALYSIS
http://www.mikehersh.com/Bad_News_Bush_and_Good_News_for_America.shtml
 
----------------------------------------------------

“Under the Clinton Administration, the markets had been booming. We
saw growth in an unprecedented way and we expected - everyone expected
- that growth to continue. But that's not what happened. What happened
instead was over the last 18 months, that $16.4 trillion pie has
shrunk to $11.9 trillion. We've lost $4.5 trillion in market
capitalization in just 18 months.”
[Senate Majority Leader Tom Daschle, Congressional Record, 9/18/02] 
US SENATE REPUBLICAN POLICY COMMITTEE
http://www.senate.gov/~rpc/releases/1999/ec092402.htm

----------------------------------------------------

“There are those who say the reason the surplus deteriorated so
quickly is the attacks on America and the war against terrorism.
Clearly September 11 was a blow to our economy. And to some
industries, it's been devastating, especially travel and tourism,
which is hugely important to my home state. But September 11 and the
war aren't the only reasons the surplus is nearly gone. They're not
even the biggest reasons. The biggest reason is the tax cut. In May,
the Congressional Budget Office reported a 10-year budget surplus of
$5.6 trillion. By the end of the year, $3.7 trillion was gone. Nearly
half of that was a direct result of the tax cut. The tax cut was by
far the largest factor.”
-	Senate Majority Leader Tom Daschle, January 4, 2002
US SENATE REPUBLICAN POLICY COMMITTEE
http://www.senate.gov/~rpc/releases/1999/ec021202.htm

----------------------------------------------------

“The American economy seems to have a slight head cold right now; if
we take the medicine President Bush is offering, I’m afraid we are
going to have a bad case of pneumonia.”
- Senator Joe Lieberman - D Connecticut
TRANSCRIPT FROM WDBJ 7 NEWS INTERVIEW, 02-27-01
http://scholar.lib.vt.edu/VA-news/WDBJ-7/script_archives/01/0201/022701/022701.5.htm

----------------------------------------------------

“All I know is 18 months ago, we had a surplus" 
-	Sen. Hillary Rodham Clinton, D-N.Y.

“These people ran on responsibility, but as soon as you scratch them
they go straight to blame,'' Clinton responded in a recent television
interview. ''Now, you know, I didn't blame his father for Somalia. I
didn't do that."
-	Former President Bill Clinton

TRUTHOUT ISSUES
“EMERGING GOP TACTIC IS TO BLAME CLINTON FOR ALL ECONOMIC WOES” 
By Tom Raum 
Associated Press | Boston Globe 
Sunday, 17 August, 2002 
http://www.truthout.org/docs_02/08.19A.blame.clinton.htm

----------------------------------------------------

“In light of the dismal Bush economic record, we join the American
people with one simple request: Mr. President, whatever else you do on
your ranch this month, please stop having these economic meetings.
You're only making the economy worse."
DEMOCRATIC NATIONAL COMMITTEE
http://www.democrats.org/news/200308140001.html

----------------------------------------------------

“The President’s economic policy has failed.”
-	Congressman Pete Stark California- D
CONGRESSMAN PETE STARK
http://www.house.gov/stark/issues/economy.htm

----------------------------------------------------

"In 1993, I was the majority leader who led with Bill Clinton to get
this economy straightened out…this president is a miserable failure on
foreign policy and on the economy and he's got to be replaced."
-	Dick Gephardt at the DNC presidential debate in New Mexico, 9/4/03
GEPHARDT FOR PRESIDENT
http://www.dickgephardt2004.com/plugin/template/gephardt/44/1821

====================================================================


I hope you find that my research exceeds your expectations. If you
have any questions about my research please post a clarification
request prior to rating the answer. Otherwise I welcome your rating
and your final comments and I look forward to working with you again
in the near future. Thank you for bringing your question to us.

Best regards;
Tutuzdad-ga



INFORMATION SOURCES

DEFINED ABOVE

SEARCH STRATEGY


SEARCH ENGINE USED:

Google ://www.google.com


SEARCH TERMS USED:


SENATOR BLAMES BUSH ECONOMY CLINTON

SENATOR BLAMES BUSH ECONOMY

BLAMES BUSH RECESSION

REPUBLICAN 2003 CLINTON ECOMONICS

REPUBLICAN 2003 CLINTON PROSPERITY

REPUBLICAN 2003 BUSH PROSPERITY

REPUBLICAN 2003 BUSH ECOMONICS

2003 "CLINTON BOOM"

2003 BUSH CLINTON ECONOMY

DEMOCRAT BUSH RUINED ECONOMY

CREDIT BUSH ECONOMY PROBLEMS

CLINTON BUSH ECONOMY PROBLEMS

REPUBLICAN INHERITED CLINTON ECONOMY

REPUBLICAN "BLAMES CLINTON" ECONOMY

REPUBLICANS BLAME CLINTON

BUSH FAILED ECOMONY

Clarification of Answer by tutuzdad-ga on 31 Oct 2003 13:00 PST
And here, courtesy of my generous colleague, researcher bobbie7-ga,
who had also compiled some information for you, comes these pertinent
quotes:

==================================================================== 

PUNDITS

Senator Lindsey Graham (Republican)was on Meet the Press this weekend,
and he fired back an astonishingly simple analysis of why it isn't
just President Bush and also proves how he may be being made scapegoat
for the faltering economy:

“Here’s some numbers I’d like to give you, Tim. When the Democrats
took over control of the Senate in May of 2001, the stock market was
at 11,000. As of Friday, it was at 7,500. When the Democrats took
control of the Senate in May of 2001, the budget surplus was $236
billion. It’s now $157 billion in the red. The unemployment rate when
the Democrats took over the Senate in May of 2001 was 4.4. Now, it’s
5.6. You can use my chart to make a point that the Democratic Senate
is responsible for our problems, but the truth is we’re all in it
together and we need to fix it together.”
Source: MSNBC Transcript 
http://www.insignificantthoughts.com/blog/archives/000848.html

---------------------------------------------------- 

Christine Iverson, a spokeswoman for the Republican National
Committee, said American voters would not fault Bush or members of his
party, because their policies kept the 2001 recession from dragging on
longer.

"People see that the president and the Republican Party have taken
action to create jobs and stimulate the economy," Iverson said.
Globe Newspaper Company.
http://www.boston.com/news/nation/articles/2003/09/27/poverty_rate_climbs_median_income_drops/

---------------------------------------------------- 


Clinton's Chairman Of Council Of Economic Advisors, Joseph Stiglitz,
Said Recession Started During Clinton's Tenure.

"It would be nice for us veterans of the Clinton Administration if we
could simply blame mismanagement by President George W. Bush's
economic team for this seemingly sudden turnaround in the economy,
which coincided so closely with its taking charge. But ... the economy
was slipping into recession even before Bush took office, and the
corporate scandals that are rocking America began much earlier."
(Joseph Stiglitz, "The Roaring Nineties," The Atlantic Monthly, 10/02)

---------------------------------------------------- 

Stiglitz Discredited Democrats' Claim That Bush Administration Is
Responsible For Recession. Stiglitz noted that during the Clinton
Administration "the groundwork for some of the problems we are now
experiencing was being laid. Accounting standards slipped;
deregulation was taken further than it should have been; and corporate
greed was pandered to ...."
(Joseph Stiglitz, "The Roaring Nineties," The Atlantic Monthly, 10/02)
http://www.rnc.org/Newsroom/RNCResearch/research030803.htm

==================================================================== 

REBUTTALS: 


Richard Gephardt, in a speech to the Economic Policy Institute: 

"The fact is America faces a clear and present danger to the economic
life of working families"
"But all this president and the Republican House [of Representatives]
have offered is an extremist ideology of trickle-down economics and
ineffective gimmicks."
BBC News 
http://news.bbc.co.uk/2/hi/business/2331577.stm

---------------------------------------------------- 

For the past year, Senate Democrats have attempted to blame President
Bush for the weak economy he inherited from Bill Clinton. Lately,
these attempts have taken on a new, more desperate tone. For example,
Majority Leader Tom Daschle said on the Senate Floor last week:

“Under the Clinton Administration, the markets had been booming. We
saw growth in an unprecedented way and we expected - everyone expected
- that growth to continue. But that's not what happened. What happened
instead was over the last 18 months, that $16.4 trillion pie has
shrunk to $11.9 trillion. We've lost $4.5 trillion in market
capitalization in just 18 months.”
[Congressional Record, 9/18/02] 

U.S. Senate 
http://www.senate.gov/~rpc/releases/1999/ec092402.htm

---------------------------------------------------- 


Democrats defend the Clinton administration's economic record and
point to Republican policies as the key to the current instability.

"The gains we made in the 1990s were not just real, they were
record-breaking," Sen. Joe Lieberman (D-Conn.), the Democrats' 2000
vice presidential nominee, said in early August. "To suggest
otherwise, to blame this progress for the problems in our markets now,
that's not leadership. That is ludicrous."
http://www.pbs.org/newshour/vote2002/issues/economy.php

---------------------------------------------------- 

"Americans have listened for three years to President Bush's lofty
promises of economic prosperity and `robust growth,' while he
dismissed the three million jobs lost under his watch as a `short-term
problem,' " said Representative Steny H. Hoyer of Maryland, the
second-ranking Democrat in the House. "But increasing poverty and
decreasing opportunity is not a problem easily dismissed. The policies
pushed by the Bush administration and Republicans in Congress have
been breathtaking only in their failure to improve the lives of
average Americans."
http://www.boston.com/news/nation/articles/2003/09/27/poverty_rate_climbs_median_income_drops/

---------------------------------------------------- 


The Democrat in the race, Atty. Gen. Ben Chandler, has consistently
referred to his opponent, Republican Rep. Ernie Fletcher, as a puppet
to the president's puppet master. The "Bush-Fletcher economy" has cost
the state 60,000 jobs, most of them in the poorest areas that could
least afford it, Chandler said.

http://www.latimes.com/news/nationworld/politics/la-na-kentucky31oct31,1,3967036.story?coll=la-news-politics-national

---------------------------------------------------- 


Greenspan Validates Several 
Key Democratic Budget Positions 
September 18, 2002 
http://www.house.gov/budget_democrats/analyses/greenspan_sept18.htm

==================================================================== 


(Thanks bobbie7-ga – you’re a champ)

Regards;
tutuzdad-ga
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