Monday, January 30, 2012

Why do Democrats keep referring to the 'Clinton Economy'...?

...but ALWAYS fail to mention:



The Clinton Administration was an unmitigated disaster at first- that's why the GOP swept Congress in 1994 for the first time in 60 years.



That the economy didn't take off until Newt Gingrich and John Kasich took control of it.



That Clinton took a hard turn to the right to do the right things economically.



That Clinton sacrificed American security and the fight against the non-stop terrorist attacks during his Administration the culminated in 9/11.



The internet explosion that drove the economy to new heights.



That the dot com bubble burst in Clinton's last year, and we went into a recession (otherwise Gore would have won in a landslide).



Is it just selective memory?Why do Democrats keep referring to the 'Clinton Economy'...?
No more selective then Bush during the primaries saying, "The fundamentals of the economy are sound". A statement repeated by McCain who admitted he knew nothing about economics. Shortly before it blew up in both their faces.



Since 1988 middle class incomes have been dropping while the wealthy saw theirs increase by 33%. During the Bush years the economy grew at it's most sluggish rate in recent history. GE reported profits of 5.1 billion dollars yet somehow received a 3.2 billion tax rebate. Not a tax cuts bt a tax rebate. Exxon reported record profits and it too got a rebate. 2/3 of American companies pay no taxes yet unemployment is at 10%. Last year all those tax cuts and rebates costs $1.9 trillion



Thanks to all those tax cuts the dollar is in the toilet. A dollar U.S. used to get a whole dollar Canadian. Now a dollar U.S. won't get a whole dollar CAD. Oil is paid in dollars. Most of our oil comes from Canada. So now ALL imports costs more including food and oil.



Why do Republicans keep swearing by "trickle down economics"? They obvious don't work. Taxes were also higher under Clinton meanwhile they haven't been this low in decades.
That's a good question. Just remember that we were still riveting in good times from Reagen and GW Bush, despite his unfettered urge to have a benevolent conservative goverment, couldn't go against the Gipper in 1988.



Also, Clinton just happened to be around during the .com bubble. He might've regulated that to death if he knew about it, but he was rather preoccupied his second time around...Why do Democrats keep referring to the 'Clinton Economy'...?
Selective memory alright, yours. the economy was booming when Clinton handed over the White House, and there was a budget surplus and 4.5% unemployment. Then Bush and the Republicans passed the tax cuts for the top 2% through reconciliation, and Medicare part D, started 2 unfunded wars. The economy collapsed, the rich prospered.
you are right except for your last point



the dot com bubble burst in 2001 after 9/11, not in 2000

my dad owned a business then, so i think i would know...



let's not also forget that the clinton administration and republican congress made certain changes to cause the late 2000's recession.

ex. Regulatory changes to the CRA in 1995

gramm-leach-bliley actWhy do Democrats keep referring to the 'Clinton Economy'...?
Republicans never "took control of the economy." They just bribed people with their Contract with America and promised to cut tax rates.



Clinton at least tried to kill Bin Laden, and Republicans criticized him for it.
Clinton did nothing but ride the wave. sorry not true, he did get rid of all the regulations on the banks which put us into this depression. Gore would have never won, they ran him to lose just like Kerry and McCain. that's how it's done nowadays.
That was the last time the economy was okay.
It's wishfull thinking.
DEms hate America and whites

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