Did Clinton cause the economic boom of the 90's or was it Reaganomics?

Answer 1

Reaganomics

Answer 2

The economic boom of the 90's can be directly attributed to 3 things, one of which I will give Slick Willy credit for. The first factor was a surge in R&D, brought about by the freeing up of capital ( Reagan Tax cuts ). This R&D made the internet explosion and subsequent tech explosion possible. The second factor was the dollars strength overseas. America's purchasing power was much greater during this time period than it is now, and the strong dollar helped greatly in reducing the third and final factor. That factor is the elimination of the Federal deficit. Clinton did engineer that and it was a crucual factor in sustaining the boom. The underlying cause was indeed Reaganomics, but it would not have been sustained with out the fiscal responsibility of Clinton.

Answer 3

About the only thing Reagan did that helped the 90's economic boom was the original tax cuts. The top rate was more than 70% and it was cut back to 50%. Those tax cuts were little fuel for ecomomic growth in the face of double digit interst rates in the 1980s. But when they were still around when Clinton came into office, it helped.

What Clinton contribited was putting first rate professionals in the cabinet to run the country. Inflation and interest rates plummeted. He also stood up to congress's irresponsible spending with the veto.

But the biggest contributer to the 90's boom was an unprecedented increase in productivity. That increase was mostly do to information technology and the business parctices that took full advantage of it.

Answer 4

Partly Reaganomics, but mostly a lot of hard work by people investing in internet stores, a.k.a. the "Dot Com Boom". Clinton just happened to be in the Oval Office when it happened and stepped forward to take the credit (as soon as he zipped up his pants, that is...) but he really had nothing to do with it.

Then the Dot Com bubble began to burst near the end of his term and the 9-11 terrorist attacks occurred shortly after, but he let George Bush take the blame for all that even though the script for those disasters was obviously written on his watch.

Answer 5

Neither...was just one of those occasional "fluke" things that happen. The technology bubble just kept getting bigger and bigger, and a lot of investment money got thrown into play (because no one wanted to be caught sitting on the sidelines)...which, in turn, made the stock market explode.
A President can only have very limited effect on the economy. Jimmy Carter did the same exact thing Clinton did...raised taxes across the board (being especially heavy on the middle class)...but instead of being blessed with a huge technology boom, he was cursed with an oil crisis. So he's looked at (nowadays) as basically one of the more ineffective presidents ever...and it was mostly just sh*t luck.

Answer 6

The economy was already doing great when Clinton came to power. He benefited from Reaganomics

Answer 7

this is all a question of what you desire to have faith. some human beings seem to have various emotion invested in hating Clinton, so which you won't be in a position to tell them he made the financial device sturdy. yet Reagan followers used to like to gloat that Reagan gave us the longest era of peacetime strengthen in US history. Which he did. yet Clinton broke his checklist. Do you -ever- hear Clinton get credit for the longest era of peacetime financial strengthen in US history? in no way. surely Reagan human beings have stopped making the declare for Reagan, in order that they gained't be contradicted. additionally, Reagan and the two trees all promised to make balancing the funds their suitable precedence, yet none even truly tried. as quickly as in workplace all of them acted as though debt purely did no longer matter. this is person-friendly to spice up the financial device once you do no longer recommendations going into debt. I mean, every person can stay surprisingly lots for a jointly as though they do no longer recommendations strengthen a huge debt. that's very a concern with presidents on account that they might take credit for the financial strengthen yet whilst the bill comes due they would be out of workplace and it truly is going to be another president's concern. yet Clinton, as nicely giving us the longest era of economic strengthen in US history, additionally grew to become into the only president on account that 1980 who actual did decrease spending, decrease deficits, make government smaller, -and- he gave a tax decrease to the midsection classification. i think of it truly is fairly a staggering success. i did no longer vote for Clinton the two time. i'm no longer a Democrat. and that i'm no longer protecting Clinton. yet whilst it got here to looking after the financial device, one has to admit objectively that he did a much greater ideal interest than the Republicans who preceded and succeeded him.

Answer 8

It was a combination of Reaganomics and Alan Greenspan, chairman of the United States Federal Reserve Bank. Clinton just lapped up the credit as usual.

Answer 9

The economic boom of the 90s didn't ride on any one man's shoulders.
The American workforce and consumers did it.
(and surprisingly without the aid of so many illegal immigrants which today believe the country NEEDS them so badly to thrive.)

Answer 10

Reaganomics