The first assault on the USA economy by ideologues was to drain the monies from the USA Treasury with rebate checks.
I have a question as to what exactly that was all about because the so called "Dot-com Bubble" was actually brought on by six increases in interest rates by the Federal Reserve.
All three were occurring at the same time; the Dot.com growth ended, the Fed was increasing interest rates and Bush dumped the surplus into the USA economy. The monies Bush dumped on the USA economy didn't do anything because the interest rates were significantly higher than they had been during the growth under Clinton.
The Fed interest rate bounced between 5 and 6 percent during the Clinton Administration, but, between 2000 and 2002 the interest rate surpassed 6 percent and the Dot.com economy died.
By 2004 the interest rate was below 2 percent until 2007 and it began to increase again to a rate of 3.75%. 2007 was the beginning of the Housing Bubble which began with an influx of monies from the Bush administration in 2002 with a bill that was suppose to move renters into homeowners.
At any rate, the wars started in late 2001 and the national debt of the USA started to have an increase.
The GDP growth under Bush/Cheney was very sporatic and mostly unpredictable. Every bill coming from Congress was a spending bill and the country was distracted by the wars and personal safety due to the heightened awareness of attacks on the innocent within a country. The GDP under "W" was crazy. There was no rhyme or reason to it, everytime the economy threatened to decline before the elections of 2004, the Republicans would throw another bundle of money into the economy. But, after the fourth quarter of 2004, the GDP went haywire all over again. There was no economic plan, no vision for the future, there was simply 'having at it" to maintain political fervor. So, the end of the "W" administration wasn't about the future it was about leaving and dumping a completely disrupted economy in the laps of the next Democratic President.
But, this about what economic growth and women are all about.
