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Originally Posted by Jim in CT
He failed? At what? He led the Republlican revolution of 1994, which was a success. He cut taxes, vut spending, balanced the budget 4 years in a row, and got millions of people off the welfare rolls and back in the workforce.
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You're talking about him like he was POTUS.
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Most rational economists credit the Clinton/Gingrich economic policies with the incredible economic growth that followed. And those policies were NOT the natural instincts of Bill Clinton...those are conservative policies that Gingrich forced Clinton to adopt, and they were a smashing success. So how did he fail?
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Any rational economist would say the economic growth of the 1990's was due primarily to a technology bubble, without which, Clinton wouldn't have been in a position to negotiate on the economic elements of the Contract with America.
So, you've basically got it backwards.
Newt failed because he stopped leading on what got the 1994 Republican House majority elected. Instead we had the government shutdown, ethics issues and a party completely fixated on impeaching Clinton. The voters wanted non of it and the results were in the ballot box.
His resignation was a clear signal that his effectiveness had run out.
-spence