You don't understand macro-economics AT ALL, do you?
The economy of today is a reflection of decisions & policies from 5-10 years ago - NOT decisions and policies from 5-6 months ago.
Clinton inherited the strongest economy America has (very possibly) ever known. He left office with the country in recession. There's a reason for both of those FACTS.
It is a proven fact that tax cuts usually (though perhaps not always) stimulate economic growth. I could go into a list of all kinds of reasons, but you wouldn't read them anyway.
Reaganomics worked! No matter what the liberal media kept saying, or your Democrat friends. Taking the long view, and looking at the big picture, Reaganomics absolutely worked.
On the flip side of the coin, the Clinton era ushered in the biggest spending and tax increases in American history. The enormous tax increases initially brought in huge sums of money because the economy was so strong, due to Reaganomics. But Clinton's onerous tax increases eventually stifled the economy - leading to the slow-down and recession that were in full swing when he left office.
Now... have you been paying any attention to what's going on with the American economy recently? I bet you haven't - and the reason you haven't is because you don't WANT to know what's going on.
But check it out. Despite the fact that there's a hated Republican in the White House, the economy is in a HUGE up-swing that is picking up power and momentum. Hopefully the newly-Democrat Congress won't force enormous new tax increases that stifle the growth. |