Thursday, January 8, 2009

The Bush years

As a long time Rush Limbaugh listener I remember January 1993. He told listeners that he was so sure of a failed Clinton Presidency that he was willing to bet his own money - $100k per variable or $1million total to prove that Clinton would fail.

He asked listeners to look at unemployment, interest rates, the deficit... etc. He was sure everyone of those indicators would be negative four/eight years later.

He chortled for weeks and months in 1993 that nobody was willing to take him up on the bet. That had to be proof that he was right.

Sorry, Rush, virtually every economic indicator improved in the 1990's.

Unlike the 2000's.

Part of me would like to know how Rush would explain this away, but he never revisited his negative Clinton predictions, so there's no reason to expect any substance now.

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