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      08-09-2012, 10:44 AM   #16
pgviper
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Quote:
Originally Posted by ScotchAndCigar View Post
Whether the president is Reagan, Clinton, Obama, or Romney, the US economy will mostly do whatever it does, based on factors beyond a president's control. So whether or not the gridlock continues or Obama gets his way, I believe the economy will continue it's recovery.
Quote:
Originally Posted by ScotchAndCigar View Post
Bush IS responsible for the debt, from:
A never-ending war in Afghanistan;
A bogus, never-ending war in Iraq;
2 unfunded tax rebates;
Implementing the bogus "trickle down" economic principle;
Creating the wasteful Dept of Homeland security;
No child left behind;
War on drugs.
I got through most of this thread and I found a lot of it extremely informative. My only concern is from the two statements quoted above.

As I have learned, there are many factors that result in a recession however the leading cause is inflation. An increase in the price of goods and services over a certain period of time. Higher inflation results in decreased goods and services produced for the same amount of money. Inflation is also caused by increase production costs, increased energy costs and national debt. Essentially I am saying that:

A = national debt
B = inflation
C= recession
and ...
A -> B -> C

According to your first statement, the president has no control over the economy and cause of this recession however in your second statement, Bush is responsible for a significant increase in national debt. According to my logic and your knowledge, Bush would then be responsible for the recession however this would be a contradiction to what you initially mentioned.

What I am trying to understand is how you justify writing your second post after writing your first without contradicting yourself.
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