To start off, I resent being called a hypocrite (Letters to the
Editor, April 20), but that is not the issue I wish to discuss. As
an economics major I find it humorous that President Bush is
currently being blamed for our economic situation while former
President Clinton is given credit for the good economy we recently
These are just not the cases. In reality it was former President
Reagan and his economic thought that we must thank for the
unprecedented growth in the late ’90s and into the new millennium.
Most economists agree that Reaganomics is the cause of the past
expansionary economy, but most ordinary citizens tie this growth to
We live in an instant gratification society. Because of this, a
common citizen makes the mistake of equating the current situation
with the current president. The truth is that we are in the
situation we are in now because of the business cycle, and no one
can throw the cycle out of office.
Furthermore, I also disapprove of being lectured on the
principles of economics by students whose expertise falls outside
of the economic realm. It is infuriating to see a freshman equine
science major, or a computer science major, tell me about how the
economy works. If the issue dealt with presidential computer
illiteracy or a national grain crisis I would look to you for your
educated opinion, but as it stands I feel comfortable to make my
own assessment of the issue.