The majority of Americans blame the GOP for our economic problems, yet, an even larger majority trust the GOP to get us back on track. It seems confusing, until you look at our recent economic history.
Yes, the country enjoyed a decade of economic prosperity in the 90's. But why? It's because of two things:
1) 1993-1999. The dot.com boom. The stock market (artificially) inflated on the anticipation that the Internet was the next big thing. People got rich off of Yahoo and google and Microsoft and Intel, etc.
But, how were those "start ups" able to get started and stay in business?
2).1984-1992. TAX BREAKS and other incentives for SMALL BUSINESS ...brought to you by ...the GOP (under Reagan and H. W. Bush).
2000-2008 - By the time Clinton was on his way out in 2000, the economy was already headed for a recession. This was mainly because the dot.com bubble burst. Enter, George W. Bush...who's tax cuts and fed policies kept the country from falling into a deeper recession. Eventually though, economic forces, greed and corruption, brought the entire system down. Just in time for the 2008 elections.
That's the history. What we need now is a congress that's ready to learn from it. Keep the policies that made us prosperous, but tighten the regulations so that they can't be exploited by the greedy and corrupt.
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