D G Wrote:
Dec 23, 2012 3:42 PM
I recall the 1990's expansion. Bill Clinton DID NOT because it because it began before he was president. His tax increase DID NOT speed up economic activity. It was the Federal Reserve's monetary policies that contributed to growth during Clinton's 8 years. Their interest rates were 2 per cent points lower in Clinton's 8 years than in prior 8 years. 1997 Republican legislation expanded the expansion with reduced taxes. Clinton set the stage for millions of US jobs to move to China after his presidency was over. He negotiated the China trade deal allowing China into the WTO in 2000. Bill Clinton was not a good president at all.