Skip to comments.Hey President Obama, Clinton Prosperity Requires Clinton-Sized Government
Posted on 11/21/2012 6:30:34 AM PST by SeekAndFind
There is a way for Congressional Republicans to reach an accord with Democrats that would enable the nation to avoid falling off the fiscal cliff into a searing recession.
Obama Democrats argue that the President only wants to restore the top rates that reigned during the Clinton presidency, which was a prosperous time. We should say: Absolutely, lets do it. But in order to achieve a Clinton economy, you also must enact the other Clinton policies critical to the prosperity of those years: They include:
I. A Freer Economy
The oppressive ObamaCare of that time was HillaryCare, which was never enacted. If we want to re-create the Clinton economy, then we have to repeal ObamaCare. Are Democrats willing to do that?
The federal-regulation regime was also much easier then than it is now. Will the White House become serious about genuine deregulation?
II. Clinton-era Federal Spending Levels
Federal spending as a proportion of the economy was smaller in those days. That would mean budget cuts now of around $500 billion not spread over ten years, but right now. How likely is that?
III. A Strong and Stable Dollar
The dollar in those days was almost as good as gold a critical factor in that times economic boom. Will the White House ax Ben Bernanke and his destructive monetary policies?
(Excerpt) Read more at forbes.com ...
"THE ERA OF BIG GOVERNMENT IS OVER"
...and a Dot Com level bubble economy.
Clinton also had an internet gold rush. Pets.com @ 900? That’s unreal. Next came the FIRE (FInance, Insurance, and RealEstate) economy, that too blew up. Obama is hoping for another boom economy to ensure his legacy. I think he’ll latch onto the new oil/gas boom and pray it holds up.
As for any organic growth, it’s over. I don’t see many willing to take the risks and exposure it takes to start a business. Because, ‘The Era of Big Government is back with a vengence’ and I do mean vengence.
Does ANYONE really think Obamugabe WANTS America to prosper???
I mean anyone with intelligence. Not Zombies.
Let’s not forget one thing -— we may all sneer when we hear the name, Dick Morris -— but Clinton DID listen to him and ADOPTED a lot of the Gingrich Congress policies and made them his own.
Count them — Welfare Reform, Capital Gains Tax cuts, cutting spending to less than 20% of GDP, and eventually — A BUDGET SURPLUS.
There was a term used for what Clinton did then — TRIANGULATION.
Those days aren’t coming back anytime soon.
Obama signed sequestration. I say let it happen.