Dolphin’s Dock

One Response to “Fiscal Conservative”

1. KipEsquire on August 21, 2008 at 2:09 pm

   The surpluses during the Clinton administration had three causes, none of which were “bill Clinton” —

   1. The stock market bubble (capital gain tax revenues exploded).
   2. Peace dividend (collapse of USSR, reduction of Navy, etc.).
   3. Most important: GRIDLOCK (i.e., Republican Congress).

   A McCain presidency is unthinkable, but not for this reason. An Obama presidency is unthinkable, for precisely this reason.

   (As you can imagine, I tend to cry myself to sleep these days.)