Clinton inherited a surging economy, and handed in an economy in full recession

Alan Greenspan ^ | Today | Stallone

[Stallone]

Spread the truth and confront the lying, Socialist Leftists:

Clinton inherited a surging economy, and handed in an economy in full recession.

[Stallone]

Watch the trolls come out...ZOT!

[Stallone]

The Clinton economy myth shall not stand.

[the_Watchman]

The Cold War was over before his watch. He took all the credit for reductions in defense spending which became possible due to Reagan!

[Stallone]

Keep 'em coming.

Bump it to the top!

[the_Watchman]

What's with the link? I don't find a www.fedreserve.com

[rocklobster11]

Presidents have little effect on the economy. They can help somewhat by keeping tax policy inline.

The truth is that the release of Windows 95, the buildup of the Internet, and the Y2K issue created a huge surge in spending and investment, that was going to cause a large party followed by an equally large hangover. The hangover was extended by 9-11.

Now we just want to party like it's 1999 again.

[PISANO]

Those of us who PAYS ATTENTION......knows this. The 'lemming' free-riders that make up a significant portion of the Democrat Party don't CARE one way or the other and the remaining Democrats would be hard pressed to spell 'economy'!

[Integrityrocks]

What amazes me the most about what devestation Clinton did to the surging economy while he was in office is that Democrats actually don't get it? I still stand in awe at such denial.

[Stallone]

Economists Say Recession Started in 2000

By Nell Henderson
Washington Post Staff Writer
Thursday, January 22, 2004; 1:34 PM

The last recession may have started in the last months of the Clinton administration rather than at the beginning of the Bush administration.



The panel of economists that serves as the official timekeeper for the nation's recessions is considering moving the starting date for the most recent economic decline back to November or December of 2000, a member of the group said today, confirming a report that appeared in The Wall Street Journal.

"We have discussed it already and there seems to be some inclination to move the date" to some time in the last three months of 2000, said Victor Zarnowitz. He is a member of the National Bureau of Economic Research's business cycle dating committee, which determines the widely accepted start and end dates to U.S. recessions.

[beckysueb]

I remember when President Bush was candidate Bush and was talking about the coming recession and the Rats said he was talking down the economy.

[Stallone]

The 1990-91 recession also lasted eight months, coming to an end in March 1991, when a 10-year economic expansion, the longest in U.S. history, began.

[Stallone]

The 1990-91 recession also lasted eight months, coming to an end in March 1991, when a 10-year economic expansion, the longest in U.S. history, began. Clinton and the Leftist media stole G.H.W. Bush's thunder. It's the economy, stupid? Lying leftist excrement.

[ReleaseTheHounds]

Clinton claimed that Bush 1 presided over the worst economy since the Great Depression... The economy was growing at around 3.5% in 3-Q-92 and then hit a peak of over 4% in 4-Q-92. Then Clinton took the oath, passed a retroactive tax increase (which his wife dodged by dumping her Rose partnership profits before the huge jump in the top rates kicked in after Dec. 31, 1992) which stifled economic growth for about a year. Tax revenues would be flat despite the increase in tax RATES -- proving the dynamics of changes in tax rates.

It always galled me when Clinton took credit for creating all those jobs during the 1990's at his State of the Union addresses -- the president and Congress don't create any jobs in the private sector... The 1990's was a decade of unprecedented growth thanks to our dynamic free market capitalistic system. Much of the credit belongs to the high tech sector which benefitted from investor friendly policies in the 1980's and all the seeds planted in those years. The 1990's saw the blossoming of the internet, biotechnology, and other information technologies which resulted in unprecedented productivity gains which continue through today -- but Bill Clinton had almost nothing to do with any of that except:

Remember that the stock market began its crash in March 2000 -- shortly after Clinton and Tony Blair said that the companies working on the human genome project should not own the intellectual property rights to their work despite $billions of investment... THAT was the start of the bursting stock market bubble. Another contributor was Clinton's Justice Department's vendetta against Microsoft (Joel Klein's sh*t-eating grin): who was safe with people like that wanting to thrwart business independence?

And then came the recession... and the stock market scandals: all begun in the Clinton Administration and all festering into disasters as George W. Bush was taking over the presidency...

And then came 9-11-01: Just another "bridge to the 21st Century" that Clinton had built -- with a very under-prepared intelligence community and Defense Department having to step up to the biggest challenge ever handed over to a new Administration.

I hope this adds to your list. I'm only scratching the surface.

[the_Watchman]

My sister works placing temporary employees in the L.A. area. She said that positions started to dry up in the summer of 2000. She works on commission. She could see her paycheck drop.

[Stallone]

Thanks for your input.

How did the GOP let these lying skanks get away with it?

Do your part to stop it now!

Spread the word:

The 1990-91 recession also lasted eight months, coming to an end in March 1991, when a 10-year economic expansion, the longest in U.S. history, began.

Clinton lied about the economy to get elected. Don't let the 'Rats get away with it.

[Mr. Buzzcut]

There's a chapter in Rich Lowry's "Legacy" that, very factually, puts the lie to the "Clinton Expansion" canard.

[Mr. Buzzcut]

It always galled me when Clinton took credit for creating all those jobs during the 1990's at his State of the Union addresses

Great leaders don't practice self-congratulation. Reagan used to say "it's amazing what you can accomplish when you don't care who gets the credit."

[Vision Thing]

Clinton has the reverse Midas touch: Everything he touches turns to crap.

[vavavah]

bogus link

http://www.fedreserve.com/clintonblewit.html

[ServesURight]

Clinton took care of the homeless problem though, something that mean old Reagan/Bush didn't do.