Why do so many people keep saying that Bill Clinton didn't do anything to strenghten the country's economy?

Question

Bill Clinton enforced an excellent fiscal policy which eliminated the budget deficit and created a surplus in the country's national budget. Because of his outstanding fiscal policy, the Federal Reserve Bank was able to reduce interest rates, which, in turn, sparked the housing boom, and companies were able to borrow more money to expand their operations. In fact, because of Clinton, the economy was so hot that the Fed had to raise interest rates (in the last few years of his tenure) to keep inflation in check.

He taxed the rich - which led to the national budget surplus - and used the money to give the poor opportunities to work and get an education. As most people will agree, in the long-run, allowing the poor to work and get an education will, most likely, bring them out of poverty. With less Americans in poverty, more people will be able to spend money. More consumer spending means a better economy - 80% - 85% of the economy is dependent on consumer spending.

Answer 1

It is a repuglican talking point, when they find somebody that is a threat to them the only way they know is to discredit that person, it is not based on fact but rather based in lies, innuendo's and half truths. Bill Clinton was probably the best that I have seen at the job of running the business of the country in over 40 years.

Answer 2

The blogbaba's status as a Hillary supporter who voted for Bill twice is going to be tarnished when I share this sad truth with you. Everything you stated in your question's post comment was true, which is why the blogbaba was/is a Clinton supporter.

Now for the truth. NAFTA really could stand for "No American Factory's Taking Applications", it and GATT were two deep nails driven into coffin of the industrial base of the United States of America by my favorite President. I love Bill, and I thought the Republican smear campaign about Monica was a disgraceful circus and a waste of time and money designed to keep our interest off the economic disaster those treaties were for the general public. But allowing foreign imports into an unprotected market was simply economic stupidity. The Federal government must make an effort to govern those who live in the United States, and that includes protecting our economic industrial base, and the American Jobs it supports. In this regard both Democrats and Republicans are total failures.

This is the reason American jobs are being shipped overseas, and the reason the American middle class is taking such a beating from foreign competitors. It pains me to blame Clinton, but he accelerated what Reagan started, and as much as it sucks, it is the truth.

The blogbaba isn't a Liberal or a Conservative, he is a realist.

Answer 3

Let me tell you about his military draw down and base reallignement. It's classic of how Mr. Clinton did things. I had a conversation with Admiral Nader -- one of the architects for the draw down. He expained that the reasoning for the draw down was simple, that the economy was sluggish. So I made a statement and asked, If the economy is sluggish that would imply that people are not spending money. They're probably not spending because they're not working or, they are working, but not making nearly enough to keep up. So, how is taking a large number of gainfully employed people, making them unemployed and turning them loose on an already sluggish economy supposed to help? I was told to sit down. The truth of the matter is, Bush senior actually planned the draw own. He'd planned it before getting involved with Desert Shield/Storm. Trouble was, Bush was voted out before he could carry out the plan. Clinton stepped in and took over. Clinton, having no love for the military or understanding of its importance, didn't know when to quit. He cut too deeply -- the thinking of the great democratic minds at the time was that with the USSR gone, we'd never see again the threat of fighting a two front war. Very short sighted.
Base Reallignement: Naval Air Station Muffett Field, out in Californa. An old drigible base from WW II, being used for helicopters. An office in one of the hangars was being rented by the folks at NASA. The base was closed. In fact, NASA took over the base and that office they'd been renting from the Navy? Is now being rented to the Navy. Where's the savigs? It's still federal money.
The Presidio Army Base at the foot of the Golden Gate Bridge. Prime, and I do mean PRIME real estate. Closed. Actually, it was transferred to the National Forestry Service as a national park. Where's the savings? Still federal money. It was all a big shell game. Think I'm just telling lies and half truths? Check it out for yourself. All is easily verifiable.
Things I remember, as an enlisted man, being told that the federal government is out of money and no one will be getting paid and that all non-essential civilian personnel are to go home immediately. The republicans were in charge of congress and the senate, but Bill was not willing to negotiate and vetoing bills left and right.
He taxed the rich? Excuse me, but like John Kerry, I married money. My inlaws have money. The republicans were wanting an inheritance tax. Bill kept saying no. Taxing money that had already been taxed. It wasn't until Bush junior came into office that my inlaws had to start paying... Think they're happy about this?

Answer 4

of the twenty two million jobs created during Clinton's presidency twenty million still exist.

during Bush's six years he gained back the two million he lost and while 11 million immigrants came in, only two and a half million jobs have been created.

just saying.

Answer 5

Very well spoken. I experienced Bill Clinton's fiscal policies in Arkansas and while he was President. He did the job, that's more than can be said of the current administration. We really should look at reality.

Answer 6

B U L L S H I T!!!!!!!!!
Yea remember the 300 dollars everyone got.....it was taxable the next year as income...good strategy.

Answer 7

Because they just don't like him.

Answer 8

don't worry,it is the same people that blame carter for inherited problems and think reagan never interfered in the hostage situation. those of us in reality know better.