Quote:
Originally Posted by Jim in CT
But my question, I believe, is still valid. When Clinton's economy looked horrible, he lowered tax rates significantly, cut spending, balanced the budget, and reformed welfare. That's what Clinton thought was the right path to grow the economy."
|
Jim, please...get your head out of the rubber cement barrel.
Clinton came to office and raised taxes...a lot.
Later when the economy was moving he did cut some, but not significantly. Much of the cost reduction was due to a rapid decline in defense spending, more slowly rising health care costs and an lack of focus on things like infrastructure.
As Jimmy rightly indicated, the Clinton economy was driven by high tech...actually, it was when the Clinton tax increases were kicking in that the economy took off...go figure.
Welfare reform was one area where Clinton did capitulate to the GOP and he should take credit for it. But it's not like he was the driving force...
The lesson being, this stuff isn't all simple cause and effect.
-spence
Threaded Mode