Originally posted by CompassCall
No president (including Clinton) really controls the economy for good or bad; he can only sign what the Congress send him. The consumer controls the economy. The consumer (hence the economy) can be encouraged with tax cuts and low interest rates and discouraged with high taxes, high interest rates, political instability, and the negative liberal/socialist press.
Sure, when a Democrat presides over economic boom you say government has nothing to do with it. Yet when good economies happen when a Republican is in office, it’s because of good policies right? Name one single good thing Bush Jr did for the economy.
Bill Clinton did a lot of good things for the economy. Chiefly he balanced the budget and cut government spending way down. I worked for government programs at the time and remember many programs getting cut 90% or terminated all together. Clinton turned his party into a fiscal responsibility watchdog and fundamentally changed American politics.
Some of you may not remember but that was the cornerstone of the old GOP. The new Republican party is more big-government, military adventurist than its ever been. Little wonder some old timers defected.
The other thing Clinton did for the economy, he prevented the global economic meltdown of the 90’s from reaching American shores. Clinton’s team did a great job insulating US from the Asian crisis, was smart not to involve itself when Russia defaulted, and even smarter when it did bail out Mexico. Had Clinton taken the wrong course of action the US economy would have taken some serious hurt. For this the average citizen went largely unoticed.
The Repulicans would have you believe Clinton was the worest president ever because he lied about a *******. Gingrich won the Congress alright, he abused legislative authority and damaged the consitutional balance of the three branches to do it. Schwartzenegger was right about one thing, the Clinton impeachment was a Republican disgrace.
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