Posted on 05/20/2016 7:49:48 AM PDT by Behind Liberal Lines
Whatever Bill Clinton’s exact role in a Hillary Clinton administration would be, it’s no surprise that she is looking to tie herself to his economic legacy. Bill Clinton’s second term was the last time the U.S. economy was unequivocally strong; for most voters this November, it was the best economy they’ve ever known. But while Hillary Clinton wants voters to look back fondly on the first Clinton presidency, she should hope they don’t remember too much about what happened next....
the Clinton boom, and even some specific Clinton policies, also helped sow the seeds for the far more severe Great Recession of the late 2000s. Mortgage-backed securities and subprime loans weren’t invented in the 1990s, but they expanded greatly during the period, part of a broader “financialization” of the U.S. economy that contributed directly to the severity of the Great Recession...
The reality is, presidents have at best limited influence over the economy. Clinton’s economic policy was determinedly centrist: modest tax increases, free trade (including the signing of the North American Free Trade Agreement) and limited government regulation and spending (the latter due in part to the Republican Congress). Those policies no doubt affected the economy, for good or bad. But their impact pales in comparison to that of forces beyond Clinton’s control...
It is a stretch, then, for Hillary Clinton to argue that her husband — or anyone else — “knows how” to ensure a good economy.
(Excerpt) Read more at fivethirtyeight.com ...
Buy stock in cigar manufacturers and dry cleaners.
Clinton only knows how to take credit for it, he didn’t cause it, Reagan made those tough decisions with the tax cuts that kicked in during the Clinton era. Clinton tried to stop it and Gingrich shut down the gov twice to keep Clinton in line.
Bill got lucky with the dot.com boom and strong opposition following the 94 elections.
David Stockman has a VERY long piece also attributing the boom in the 90’s to Greenspan’s misguided policies.
Stockman: Clinton-Era Prosperity Was Merely Greenspan Bubble Finance
No More Twofers——Why The Vaunted “Clinton Prosperity” Of The 1990s Is A Risible Myth
People apparently forget about the stagflation of Clinton’s first term, when he enjoyed a Democrat majority in congress. A big reason for the GOP “takeover” for the first time in 30 years. The 90’s economic boom was thanks to GOP policies, and Greenspan’s easy money.
Bill Clinton, with a Democrat Congress, was sworn in with an economy growing at 2.9%. Two years later, when the Gingrich Congress took over, Clinton and Democrats reduced growth to 0.9% and falling.
Bill Clinton has no idea how to fix an economy, but he and his ilk on Capitol Hill have long experience in trying to wreck one.
Bill had a great formula for fixing the economy.
That is BILL GATES, in conjunction with
————ANDY GROVE—
————Alan Greenspan
History of BJ’s administration minus these 3 guys influence/actual accomplishments would have made Ol BJ the 2nd HOOVER !!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.