Re: Romney Cheats on Debate..
lol I'm just wondering. Been reading the comments and I keep seeing nov 08 unemployment numbers, but last I checked doesn't the US president take office Jan 20th? I'm a political Science major so I might go over some heads here, but bear with me.
lol before the horse race experts start giving their MSNBC and Fox talking points learn the government first. 1.) Election is in nov. 2.) Winner becomes President Elect but doesn't take office until Jan 20th, which is moved up from March. 3.) Your first year in office you're under the mercy of the LAST president's budget until the next fiscal year starts.
In regards to point #3 look at history to see the pros and cons of this. Regan left office and Bush 41 took office and was given a mess to clean up. Bush 41 lowered interest rates, followed the basic rules of economics and the economy started moving again his LAST year in office. The bleeding stopped, but wasn't stopping fast enough. Bill Clinton comes in and says "It's the economy stupid" wins election and the US comes out of economic ditch soon after, and only after Bush 41's policies took full effect. To Clinton's credit he took it and ran with it and built upon it.
Clinton signs the Gramm Leach Bliley Act which is one of the bills that opened the way for our economic collapse in 08. Bush 43 walks in to a surplus, but the economy is following it's natural progression of growth slowing down and eventual recession in national economic growth. 2001 Bush is sworn into office and we walk into a recession soon after and before any Bush 43's policies take effect.
Obama gets sworn into office in 09 passes all this tough reform on the markets, continues the management of TARP and the Auto Bailouts that Bush 43 started, and the economy "techincally" comes out of recession in June 2009 which would make it Bush 43's policies and Obama's continued management off them that stopped the bleeding since Obama's policies hadn't taken effect yet.