Clinton was very successful in the nineties because he chose to advance policies that enable businesses and government to work together. Clinton proved that this could be done, and the result was the greatest economic expansion on our nations history, a technological explosion. If you want to be pragmatic, then find what works and stick with it.
2007-09-09 11:22:56 · 3 answers · asked by poet1b 4 in Social Science ➔ Economics
Well, its private gain vs. social gain. If I'm a politician, do I take money from the oil companies and give them tax cuts, or do I somehow manage to tell my constituents that my opponent will do that and not vote for him. And how can I afford to tell my constituents this when all they do is watch TV and vote on a person's image? In order for good men to get into politics they both have to have a great TV image as well as bit of morality, and Clinton had that - political morality, that is!
2007-09-09 18:17:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The Clinton economy was not greatest economic expansion in our nations history, just the best in the last 30+ years. The post WWII years not only saw higher growth rates, but the increases in GDP were spread evenly throughout the income distribution so working class experienced huge gains in their standard of living. Check out this graph on what people earned and you will see my point.
http://www.visualizingeconomics.com/2006/10/29/income-by-number-of-earners/
Ever since the oil shocks in the 70's the Government has been putting in policies to help business and giving crumbs to the poor while incomes for most stagnated. I think the Government and business have gotten too cozy .
2007-09-10 05:34:37 · answer #2 · answered by meg 7 · 0⤊ 0⤋
A lot of people care.
2007-09-09 18:42:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋