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Politics : Formerly About Advanced Micro Devices
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To: Scumbria who wrote (123223)8/29/2000 11:50:36 AM
From: Cory Gault  Read Replies (1) of 1570343
 
Scumbria:
RE-

"I can't remember even one significant thing this president has done that would cause me to give him real credit for the great economy, BTW.

The list is tremendous, but I will point out the cornerstone. The 1992 Deficit Reduction Act, turned the tide on the economic malaise caused by deficit panic. Until that bill passed, the general perception was that the exploding deficit was going to bankrupt the country."

Agree 100%. That initial act of the Clinton presidency turned around the economy more than any other single event in the last decade. At the time you had all kinds of greasy analysts come on CNBC predicting doom and gloom as a result of this bill passage. Instead it jump started the greatest economy the world has ever seen. Also, Clinton broke with his party, labor and other supportive factions in working with Republicans on pushing NAFTA through. Because he knew it made economic sense.

CG
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