Quote:
Originally Posted by Nickdfresh
"Twin wars" of which one was justified as the attacks of 9/11 caused enormous economic damage (and was relatively cheap to fight at one point)...
But one could argue that the economic mismanagement of the previous regime beginning with the ERON and World Com bullshit may have had an even bigger impact...
And the lesson is you can fight wars, or cut taxes. But you can't do both without underfunding gov't and merely transferring the tax burden to the "Blue States," which is pretty much what the tax cuts were all about.
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Worldcom is not your best example, since the merger (1998-1999) and majority of the scandal (save the last year) happened under Clinton.
Enron is Bush's to own.
However, the economic mismanagement of private firms, even large ones, does not rock the economy as much as poorly run government who taxes everyone and everything.
I'll agree with your "lesson". I will counter with another lesson. You can't kill business and overfund goverment as a solution to the original lesson.