Posted on 05/17/2016 4:45:03 PM PDT by From The Deer Stand
Now that Hillary said, if elected (ugh), she would appoint her husband Bill in "charge of revitalizing the economy, because you know he knows how to do it," one has to ask if Bill did indeed create a booming economy when he wasn't chasing interns. Seems to me the Republican Contract With America was enacted during Clinton's tenure, welfare reform was passed after Clinton vetoed it, and the "dot-com" explosion sent the economy soaring. So, then, what exactly did Bill Clinton do to get the economy rolling so he continues to get media credit for his role?
At 3:15 on the video, Eric Boling goes through the numbers (about economy in Clinton years) and says that income inequality spike to the highest numbers. Here’s why - Clinton deregulated wall street.
Boling says that what Hillary is telegraphing to Wall Street is that wall street can expect the same as how it was under Bill Clinton.
And that will keep the money flowing from Wall Street to Hillary.
Gutfeld: Hillary Appointing Bill to Oversee Economy Seems Like a ‘Bait-and-Switch’
http://insider.foxnews.com/2016/05/17/greg-gutfeld-hillary-clinton-appointing-bill-oversee-economy-seems-bait-and-switch
I think he really helped the Cigar Industry.
What about the computer revolution? Didn’t the Gates/Jobs industry factor in the boost? It changed a lot and added a lot of new manufacturing and other jobs.
“Fear of Newt and scandals forced Clinton to leave the economy alone. Thus, it did pretty well.”
In addition, Bubba was not doing well with voters during 1993 - 1994 and he realized he’d better head back to the center if he was to have a prayer of re-election. Then along came Newt as you mention and the rest is history.
Yep, Bill had the good fortune to be in the right place at the right time.
He inherited an economy that was already growing for a year and nine months, after a recession while the economy shifted from Cold War to peacetime.
He inherited the tech boom, which was already starting when he took office.
Y2K, which started later, provided a 300 billion dollar, but temporary, stimulus to the economy.
His "balanced budget" was helped by the tax revenue from all of this and didn't have to include the Cold War, which ended two years earlier.
None of this had anything to do with anything he did, but he was in office when the payoff came, so he got the credit.
Oh, and IMO he effectively punted the WOT and its costs to the next administration, in spite of the numerous attacks that occurred during his administration.
Just like in EVERY CASE , when
Republicans pick up power, the economy does better. When dim-0s pick up power,
the economy falters.
It happened when carter gained the WH, the economy got WORSE.
It happened when Reagan gained the WH, the economy got BETTER.
It happened when clinton gained the WH, economic growth dropped from over 4%,
to about 2% 2 years later.
It happened in jan ‘95, when Republicans took over congress, the economy caught
fire and sported some of the best times in our history, including balanced
budgets and even a PROJECTED surplus.
It happened in jan ‘01 when W. gained the WH. He inherited a recession, a crashing market and 9-11 with terrorists in our country planning and training. He turned that into the longest running jobs expansion in our history with an average 5.2% unemployment number.
It happened AGAIN in jan ‘07, when dim-0 gained control of congress promising
“CHANGE” from the 4.4% unemployment, mid 4% economic growth, and the
longest running jobs expansion in the history of the nation.
“CHANGED” to depression.
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