President Clinton vowed to wipe out the US trade deficit and did so within his two terms, what about Pres Bush

Question

I do not know anything about trade deficits or National Debt clock in the US but how can two successive presidents think and act diabolically opposite, Which one is right?

Answer 1

First of all Clinton did not elminate the US trade deficit - he eliminated the budget deficit.
Despite Koala's unsubstantiated claim it is ludicrous to pretend that tax cuts in 1981 and 1983 - that saw reduced revenues and mediochre levels of growth including a major recession suddenly kicked into action in 1993 in time for Clinton to guide us through the longest period of continuous growth in the country's history.
But this argument (as invalid as it is) is obviously paving the way for Republicans to claim any credit for any future economic success under the next president.
Statements such as "governments do not create jobs" may be modern conservative dogma but they are also demonstrably false.
The onset of WW2 and the massive levels of militarisation throughout Europe saw the gloom of the Great Depression diminish. Even Dubya's own growth record has been largely limited to sectors of the economy that have benefitted from his vast spending. Keynsian effects of government spending are proven - yet no tax cut has been followed by a spurt in revenue since Kennedy cut the top income tax bracket from 95%.
As for the smoking hot Dow. The Dow Jones index grew under Clinton from 3500 when he took office to more than 11000 before Bush came in with the Dow at about 10,000.
It now sits at about 13350. So under Clinton it tripled yet under Bush it has grown by about 5% a year.
And now unemployment - according to Koala record low. Unemployment has actually risen since Bush took over from Clinton. Bush inherited a 4.2% unemployment rate from Clinton and saw it rise to 6.3% before falling again to 4.6%. There is nothing "record" about any of this. Unemployment rates have been significantly lower in the past.

Answer 2

You really Don't know anyting about the Trade deficit. During Clinton's term, the trade deficit actually grew. Here is my source, below...

During Clinton's term, the US economy was growing faster than those of our trading partners. The result--we had more money to spend on their good than hey had for ours.


Here is a quote from my first source...

..."By 1997, the American trade deficit $110,000 million, and it was heading higher."

Again, our economy is growing, and our consumers are buying more goods from abroad. The President doesn't control how You spend Your money--Neither President Bush nor President Clinton ever had any control over that.

Answer 3

Check your facts ... The trade deficit was not wiped out in the 1990s. You're thinking about the budget deficit.

Yes, with the help of a Republican Congress (whose job it is to approve the budget), we did eliminate the annual budget deficit in the 1990s.

Answer 4

It is like the some one sows the seed.nurtures the plant sees that tree grows to deliver the fruits but then he has to leave the world. Next Generation will enjoy the Fruits.

Here too Clinton enjoyed fruits of Reagan Admn.
Bush has bitter Gourd of Clinton Admn.
now who ever comes will have again Sweet Fruit of Bush Admn.

this makes a pattern . Republicans toil and Democractes Enjoy.

Answer 5

Actually it takes two terms for the effects of a president in office to take effect. So in reality the debt we are experiencing is from the clinton administration. We won't see the true outcome of the bush administration for up to 8 years.

Answer 6

Bush is going to wipe out the whole earth.

Answer 7

Bush is not well likes by the Talabon
Bush is not well liked by 1st Graders
Bush is not well liked by Labor Unions
Bush is not well-liked by Democrats
Bush is not well-liked by most Republicans
Bush is not well-liked by the working class
Bush is not well-liked by the poor
The man in Venezuela Hates Bush
Bush is not well-liked by France

Answer 8

clinton gave us a false positive economy which resulted in a stock market correction and a wall street crash ......

Bush just inherited his mess

clinton also had the opportunity to catpure osama bin laden and do something about the terrorist attacks on the world trade center in 1993, the US cole and the embassies....he chose to do nothing....so Bush inherited Osama and had to deal with the second attack on the WTC and the pentagon.....which hurt our economy and still does.

if his wife gets into office they will turn our country over to terrorists because they are so stupid that they think they know how to "get along" with our enemies....they do this by making concessions of liberty for political power...

Answer 9

oh puhlease...clinton was the benefactor of the reagan tax cuts...he did nothing of the kind. when will you liberals ever get it. taxes dont help the economy they STIFLE IT. government doesnt create jobs, small business does. trade imbalances in the bush administration are a byproduct of war. the smokin hot dows and record low unemployment should clue you in on what the real issue is...stop reading the pelosi press releases and open your eyes. tax and spend and cut and run are doomed idiotic policies. fiscal restraint and self reliance arent.

Answer 10

Yes, he also wiped out the United States Military and the Stock Market. Way to go Slick *****!!