"When will it finally be accepted that Clinton/Gore had NOTHING to do with the economy the last 8 years.
Alan Greenspan runs the financial part of the government not the President/Vice-President."
Oh Boy...some folks here need to go back to PoliSci 101 and macro/micro economics for kids...who do you think APPOINTS the Fed Chairman??!!...yes, that would be the President of the United States...and who is the President of the United States?...well, that would be Bill Clinton!!, so to say Clinton/Gore had nothing to do with the economy is DEAD WRONG!!...not taking away from the fact that Federal Reserve Chairman Alan Greenspan may be the most powerful unelected official in Washington and the most powerful person period when it comes to guiding the U.S. economy, but the politics of Washington and the elected officials of President and Vice President can rev or slow the economy, raise or lower inflation and create conditions that will help people get jobs -- or help them lose them.
Further, truth be told, the American economy has been riding a wave of strength for the past few years, with low unemployment, low inflation, and steady, moderate growth, thanks to Bill & Co.
One of the biggest factors in President Bill Clinton's easy ride to re-election was the strength of the economy and yes, we owe the original appt of Greenspan to Reagan, who appointed him to the Federal Reserve Board in 1987, and who made him chairman in 1988. However, he was re-appointed as chairman by George Bush and Bill Clinton. |
