Temple of Gloom

Economy

Its an old meme they've been running on before. In 1992, the Clinton campaign was also claiming that the economy (just recovering from a mild recession) was the worst since the Great Depression.

Given that the economy in 1980, or the 1982 recessions are far worse than anything we've had since, and they were not as bad as the Depression (though the unemployment in 1982 was pretty atrocious)...it makes one wonder about their sense of perspective.

When unemployment is running at what I was taught back in college was "full employment" and inflation is still lower than it was when I was in college I wonder what the complaining is about. (Speaking of the aggregate, rather than the individual, perspective here)

Cal of FL @ Aug 27, 2008 16:54:09 PM

positive thinking

But it doesn't win elections. Remember when the Democrats were accusing Bush of talking down the economy in 2000 ? It worked for George Mitchell who filibustered a capital gains tax cut in 1992 long enough to bring on a recession. That doomed Bush I.

Mike K of CA @ Aug 27, 2008 16:49:47 PM