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Originally Posted by foundit66  I love how you phrase that: "padded the coffers".
Clinton BALANCED the budget. He didn't "pad" any coffers.
He just made sure we weren't spending more than we were bringing in.
Fiscal responsibility.
How hilarious. "Several years later"...
It's funny how the cause and the effect are so disjointed for anything that the conservatives want to blame Clinton on.
And "stifled the economy"????
The economy was BOOMING under Clinton.
We ALSO saw a recession at the START of the Clinton years. Something that originated during BUSH SENIOR'S presidency.
Funny how you left that out.
By your logic (and creative story-telling), Clinton should still get credit for "pulling" us out of that one, shouldn't he???
Oh yeah. I almost forgot about how when Clinton (our 42nd president) took over from Reagan's presidency (our 40th presidency), we had an economic boom.
Cause you see, in the history reconstruction blindly embraced by some conservatives, Bush SENIOR'S recession never happened...
Clinton inherited a RECESSION.
Not an "economic boom".
Geezus Christ! It's amazing how black is white and up is down and conservatives can be given credit for the sun rising in the east, but the fact that the sun has to set is obviously the fault of the liberal...
George Bush's "economic" situation can be given credit to the IMMENSE SPENDING he has done on the WAR.
Not his fricken "tax cuts".
If you pump as much money into the economy as he has, OF COURSE the economy is going to boom.
Hell, I could walk out tomorrow with George Bush's "economic plan", and spend thousands on credit cards. Hey everybody, look at me! I am "economically booming" because there is a lot of cash flowing around me. Look at my success!
But the truth is that George Bush is spending money he doesn't have.
Operating off of a deficit is harmful. And while it isn't the only factor involved, it does harm the status quo.
Yeah. It's all a plot to get the black man...
< end sarcasm >
Bad news sells.
Good news doesn't sell as well.
THAT is the reason it's quieter. | You need to get your information from somewhere other then MoveOn.org.
What takes place today, economically, does not bear out its full brunt for several years. Anybody that knows anything about macro-economics knows that.
And the fact STILL remains that Clinton inherited an extremely strong economy - which he subsequently taxed to death. And if it wasn't for the temporary "dot.com" boom of the 90s, Clinton's tax increases would have led to a DEPRESSION instead of just a RECESSION.
But any way you ultra-liberals spin it, the American economy was in a recession when Clinton left office. It didn't get that way overnight. By the way, would you care to tell me what the inflation rate, and interest rates were during the Carter years?
Spin away... |