The Clinton presidency left America with record economic growth and prosperity:
Average economic growth of 4.0 percent per year, compared to average growth of 2.8 percent during the previous years. The economy grew for 116 consecutive months, the most in history.[16]
Creation of more than 22.5 million jobs—the most jobs ever created under a single administration, and more than were created in the previous 12 years. Of the total new jobs, 20.7 million, or 92 percent, were in the private sector.[17]
Economic gains spurred an increase in family incomes for all Americans. Since 1993, real median family income increased by $6,338, from $42,612 in 1993 to $48,950 in 1999 (in 1999 dollars).[18]
Overall unemployment dropped to the lowest level in more than 30 years, down from 6.9 percent in 1993 to just 4.0 percent in January 2001. The unemployment rate was below 5 percent for 40 consecutive months. Unemployment for African Americans fell from 14.2 percent in 1992 to 7.3 percent in 2000, the lowest rate on record. Unemployment for Hispanics fell from 11.8 percent in October 1992 to 5.0 percent in 2000, also the lowest rate on record.[17]
Inflation dropped to its lowest rate since the Kennedy Administration, averaging 2.5 percent, and fell from 4.7 percent during the previous administration.[19]
The homeownership rate reached 67.7 percent near the end of the Clinton administration, the highest rate on record. In contrast, the homeownership rate fell from 65.6 percent in the first quarter of 1981 to 63.7 percent in the first quarter of 1993.[20]
The poverty rate also declined from 15.1 percent in 1993 to 11.8 percent in 1999, the largest six-year drop in poverty in nearly 30 years. This left 7 million fewer people in poverty than there were in 1993.[21]
The surplus in fiscal year 2000 was $237 billion—the third consecutive surplus and the largest surplus ever.[20]
President Clinton reached across the aisle and worked with the Republican-led Congress to enact welfare reform. As a result, welfare rolls dropped dramatically and were the lowest since 1969. Between January 1993 and September of 1999, the number of welfare recipients dropped by 7.5 million (a 53 percent decline) to 6.6 million. In comparison, between 1981-1992, the number of welfare recipients increased by 2.5 million (a 22 percent increase) to 13.6 million people.[22]
2006-09-25 05:04:46
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answer #1
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answered by Anonymous
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Economy booming? Where were you 1992 to 1996? The economy was horrible, high unemployment, tax increases, mass layoffs, currying favor with China by sending jobs overseas and breaking the US manufacturing base. NAFTA and giving China most favored trading status sent more jobs to Asia and Mexico then he was creating at home. Sending the cotton industry to India and outsourcing began under him.
Most economic models do not support he assertion that there was a suprplus, but I'll concede that there was. If you concede, a country is NOT SUPPOSED to have a surplus... it is not the government's money it is ours. They extort the money from us in taxes and brag about taking too much!!!
Thank goodness he is out of office.
2006-09-25 04:56:43
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answer #2
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answered by Anonymous
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The man who turned our nation's highest office into a punchline for ******** jokes? The man who let an admitted terrorist (Arafat) sleep in the White House? The man who did nothing in response to multiple terrorist attacks? The man that ran away from Somalia after 18 of our servicemen were killed?
Nobody will ever take the Oval Office seriously again. From now until the end of history it's just the place where that one president got a ******** from the intern. Yeah, it was hard to take.
2006-09-25 04:55:13
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answer #3
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answered by Aegis of Freedom 7
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He lucked into the economy merely because of the dot com boom! He did nothing to create that economy, he just SAT back and took credit for it, in fact, his were the great ideas that created the recession Bush had to repair when he entered office!!!!!
2006-09-25 04:58:41
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answer #4
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answered by CrazyCatLady 4
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Well it wasn't bin ladin under his desk. He tried to get him but, caught an intern.....LOL
Miss him like a cold sore.
I can't find where the economy is bad now, look at the market, duh.
We can't find workers to fill our jobs, seems everyone who wants a job, has one.
2006-09-25 05:05:47
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answer #5
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answered by thomasnotdoubting2 3
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I know Bush does, they are best buddies now.
2006-09-25 05:15:52
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answer #6
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answered by Anonymous
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Too bad it was phony .
Troops in Bosnia , Somalia , E,Timor
A surplus from cutting the military to the bone .
I miss the BUM like a tooth ache !
2006-09-25 04:49:21
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answer #7
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answered by Anonymous
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Absolutely!!
2006-09-25 04:43:35
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answer #8
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answered by Anonymous
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Nope, we get to see him just about everyother day.
2006-09-25 04:54:39
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answer #9
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answered by fatboysdaddy 7
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Oh yes.
2006-09-25 05:50:42
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answer #10
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answered by P P 5
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