D G Wrote:
Nov 12, 2012 7:54 PM
1 .... The 1990's expansion began BEFORE Bubba was president. He did not start the expansion. 2. ..... Bill Clinton's tax hike DID NOT stimulate the economy. 3 ....... The Federal Reserve Board accommodated growth during Clinton's 8 years with interest rates much lower than under Reagan and Bush 41. 4 ........ The Republican Congress enacted legislation in 1997 which extended the economic expansion and reduced deficits because they REDUCED TAXES. 5 ......... Bill Clinton negotiated the China Trade Agreement enabling China to enter the WTO in 2000. This resulted in US jobs and manufacturing technology to go to China in subsequent years. Bubba was the largest out-sourcer of all time although the jobs he sent to China moved after 2000.