tag:blogger.com,1999:blog-2761684730989137546.post6823072053899149677..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: Stimulus aside, Obama vows future budget restraintmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-35444839978969834632009-01-08T10:05:00.000-05:002009-01-08T10:05:00.000-05:00In Bush's first term there were tax cuts and the g...In Bush's first term there were tax cuts and the government added to the financial net worth of the non-governmental sector (public) at a fairly rapid pace. In his second term Bush was more concerned with fiscal discipline and the deficit fell to 1.2% of GDP, nearly removing all fiscal stimulus at a time when household financial obligations relative to income were at a record high.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-5246135219851658302009-01-08T02:00:00.000-05:002009-01-08T02:00:00.000-05:00For the last 8 years the government has provided t...For the last 8 years the government has provided tax cuts and increased debt.<BR/><BR/>On your show you mention that Bush changed course in his last 4 years.<BR/><BR/>If I understand you correctly in the fist 4 years Bush practice Mike Norman style economics and fiscal conservative economics in the last 4 years.cuOnTheOtherSidehttps://www.blogger.com/profile/13403369469444333407noreply@blogger.com