My son is a lukewarm Clinton supporter and the other day he was talking about how the economy was so good under Clinton so I asked him what Clinton actually did to fix the economy and he couldn't think of anything so he finally said kind of desperatly, well he must have did something to fix it. Carville always liked to say, its the economy, stupid. But I think Bill Clinton got by with sheer charisma. He reminds me of the boy in high school that is super popular and all the girls want to date him and all the guys want to hang out with him and he is the teachers pet but inside there is no character or substance. Its all an illusion. But than the Clinton fans thrive on illusion.
Thank you! It is an article of faith in this country that Clinton created a great economy. No one, and I mean no one, can say how.
Rubin is the only one who tries. He says raising taxes cut the deficits and restored confidence, which reduced interest rates which spurred the economy with cheaper loans for expansion.
The only problem is, long term rates rose under Clinton until the week of the Republican congressional landslide. Besides, Reagan's tax rate cuts produced tax revenue increases. Clinton'ss tax rate increase did not cut the deficit. Even if it had, there is NO historical correlation between lower deficits and lower interest rates.
Clintonomics was voodoo economics. I defy anyone to explain how Clinton's policies could have or did help the economy. There were some hurricanes during Clinton's term, too.I guess that means he was responsible!
By the way I assume you know all this, but since i don't believe MurryMom will try to answer any of these points I had to get out my rant anyway.