The Digital Collegian - Published independently by students at Penn State
OPINIONS
[ Monday, Sept. 10, 2001 ]

Letter to the Editor
Reagan, Bush caused economic benefits

To those of you who are misled, Bill Clinton did not oversee the longest era of economic prosperity in the nation's history; that was indeed Ronald Reagan and George Bush during the entire decade of the '80s. A decade that Democrats have coined the "Me Generation" in an attempt to destroy Reagan's good name. The College Democrat President, Jared S. Cram, should really look into his arguement before spouting his Left-Wing Rhetoric.

I feel I should also remind Mr. Cram that the recession that cause the ousting of the elder Bush in 1992 was helped along by a compromise he made with the Democrat controlled Congress in 1990 (The same congress that was later involved in a rather nasty S&L Scandal). This compromise allowed the Dems to use the famous "Read My Lips" speech against Bush in 1992 and helped move the Clinton Regime into power. Clinton employed several quick fix politics to bring the minor recession at bay and we enjoyed about six years of economic prosperity, not eight, and certainly not the 10 that Reagan/Bush led us through. These quick fix politics would only serve to make the inevitable collapse of our economy more severe. The short sighted Clinton Administration could not see simple supply and demand when Alan Greenspan kept lowering rates. It's quite simple: Fed lowers rate, money becomes cheaper, money supply goes up, and demand goes down. This entire process takes maybe two years to be seen through, and we are suffering the result in the drop in demand.

It was this shift in demand that caused what was coined by economists and the White House to be merely a market correction. Well this market correction is now in it's third or fourth year, and the present administration seems to be the only administration willing to do something about it for the long term. Franklin Roosevelt took several years to pull us out of the depression, and it will take George Bush at least one to pull us out of this recession. I suggest that Mr. Cram read into some things he is saying and not spread fear, uncertainty, and doubt where none is needed.

Kyle Harris
freshman-professional golf management
 



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