Economic Causes and Effects

Posted: November 7, 2013 in Business and the Economy, News and politics
Tags: ,

Reading a column in the  July 26, 2011 edition of the Kitsap Sun headlines “The New Party of Ronald Reagan” I am filled with a new introspection of an issue of economics that has been formulating in me for years.

I am reflecting on a short conversation I had with a certain bus driver many years ago at the outdoor part of the then Cafe Destino. She made the point that the good or bad that occurs during an administration’s years are the results of policies of the previous administration. If she is right, then logic would seem to dictate that the economic meltdown during George Bush’s administration might be the result of policies of Bill Clinton’s administration. One of the bragging points that Bill often talks about is his balancing the budget. So, did balancing the budget result in the economic woes that came about in the next administration?

We can have some measure of certainty that the current economic woes are brought about by how Dubya mishandled the economy in his administration. I often remember the political cartoon published early in Dubya’s administration showing a relay race. The runner who is finishing his part of the race hands off a sputtering torch named “economy” to the next runner. Of course the finishing runner was Bill Clinton and the new runner was Dubya. Sometimes I think political cartoons are dead on, in terms of accuracy… especially years later after the ensuing turns of events.

I hope I can see the bus driver sometime in the future to exchange reflections.

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