Why doesn't Bush get more credit for USA's great economy - remember that it fell drastically during Clinton...

Question

What do you think???

What Facts do I have wrong??? Any economist will tell you that the economy was falling off at the end of the Clinton Administration...that is the only fact I stated - please support your answer.

Answer 1

It didn't fall during Clinton but was on the way down at the end of his term. I consider that more cyclical than anything and yes Bush has done a good job in helping us recover.

Answer 2

Sorry pal but wikipedia is not a valid source of information...anyone can write anything on there....But he doesn't get any credit because Liberals are trying and succeeding at brainwashing the entire country to turn against our president and the current administration much like what occured during the Vietnam Era. From my Macroeconomics class...the President has very little, if any, control over the economy directly. Although many do not give Bush credit, I do because he was only in office 9 months before the world came crashing down on him. Our economy has come along way since 2001 under his leadership.

Answer 3

As my memory serves, the economy has stayed pretty good since the early 80's. I remember the 70's when both unemployment and inflation were in double digits. I give the GOP credit for getting us out of that, and the Dems/Clinton and Bush Jr. for continuing to avoid the 70's type recession.

It was kind of dumb for Clinton to say the economy under Bush Sr. was the worst in 50 years, but saying that sort of thing is just politics as usual. Expect more during this election cycle, and from both sides.

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Answer 4

Why won't be able to any Democrat ever make a factor devoid of mendacity? Republicans factor-out the RECESSION Clinton chosen to reason (that is an argument of checklist that he intentionally chosen to realize this) in time for Bush to handle. Republicans shop stating the FALLING unemployment and the economic boost during the middle of Bush's term - until now Democrats intentionally (as Shumer proudly claimed) undid it. OBAMA stated it fairly is Obama's economic gadget A 3 hundred and sixty 5 days in the past. you recognize you're no longer able to fathom a connection between Bush coverage and latest economic circumstances. You actually LIE approximately each and every thing to conform with your guy or woman cheating propaganda. What fantasy international? Liberals hailing Stalin and flying the flag of the U.S. is history proudly celebrated via liberals. A LIE you're foisting is that Republicans rave with reference to the economic gadget during the EARLY portion of Bush's term. The economic gadget replaced into certainly doing super whilst Clinton claimed it replaced into the worst economic gadget in 50 years. Upon taking workplace he in the present day crashed it - until now the Republicans took Congress.

Answer 5

The economy soared under Clinton. When he left office in January '01, it was roughly where it was in '96, in other words a huge improvement over where it was when he took office in January '93. By 9/11/01, it was going downhill and Bush's only answer was tax cuts for the wealthiest 1 percent of Americans, and 3 million jobs were lost. It took until the end of his first term before they were all made back.

Population growth alone should have allowed Bush to create about 15 million jobs in his first 6 years, if he just followed Clinton's lead. Instead, he has a net gain of about 5 million, which is a true loss when you consider population growth.

Except for the top 1 percent, America is in a recession caused by Bush's policies, and we aren't getting out until we get a President who understands that most Americans aren't CEOs.

Answer 6

Because Bush doesn't deserve any credit for the USA's not-so-great economy.

First off, presidents don't have much control over the economy. It was great under the Clinton Admin because of the dot com boom. I don't know where you get the bizarre idea that the economy fell drastically under Clinton. Just look at the poverty rates over their terms:

http://en.wikipedia.org/wiki/Image:Poverty_59_to_05.png

They fell nearly every year under Clinton and rose nearly every year under Bush. Get your facts straight.

Answer 7

The dot-com burst happened because 1) too many people worried far too much about "Y2K" and overemployed techies and 2) too many people threw money at anything Internet-related without any history of performance.

I am much more well-off these days than I was during the 90s...but that doesn't have anything to do with who might be in office. The President usually has very little to do with the state of the economy.

Answer 8

I am not sure how to answer this when you have things so confused in your head .
All economists that do not work for the government point out correctly that the Clinton years resulted in tremendous growth in our economy and that under bush our economy has barely grown at all compared to dozens of decades previous to this one .
Most would site growing debt ,reduced savings ,and a record amount of foreclosures and bankruptcy as indicating how weak the economy really is . Not to mention when you factor in inflation that 90% of Americans have lost purchasing power due to salaries that have not kept pace with inflation .

Answer 9

The Clinton apologists always want to remember the expansion years of '93 - '99. Then never seem to remember 2000, when the NASDAQ plunged, dot coms started dropping like flies, California went dark, the Dow started wavering, and all those fancy accounting scandals started rearing their ugly heads. The only thing they seem to be able to remember (in their fantasies anyway) about 2000 is that Bush "stole the election".

Answer 10

I think you don't know what the hell you are talking about. Great for who? The upper class and gas companies, people that have enough money to buy stock? Unemployment was lower then than now.Clinton Inherited a 7.9 % unemployment rate from Reagan and handed Bush a 3.9 when he left office. Last month it was 4.5. Gas has doubled and everything else I buy is up 40%. And the wages have not kept up, except maybe UAW. So come again?