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Politics : PRESIDENT GEORGE W. BUSH
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To: WTSherman who wrote (121036)1/5/2001 6:43:57 AM
From: Zoltan!  Read Replies (2) of 769667
 
Well, you obviously are a moron.

The current surplus are the results of

1) the Great Boom that began in 1982 or resumed in 1991 after 8 months of "negative growth" - depending on how you want to look at it. Clinton had nothing to do with either except his lying. The current leg of the expansion - assuming the Great Clinton/Gore Bear Market does not have US in a recession already - dates back to March 1991, almost two years before they took office as a result of the stupid 43%.

2) the end of the Cold War and the resultant declline military outlays - "The Reagan Peace Dividend". Clinton had nothing to do with that except squandering military assets in stupid ways or bombing the third world during his impeachment.

3) the balanced budget forced on Clinton by the GOP Congress, a balancing Clinton fought until Dick Morris told him that he had to go along to win in 1996. The Dems in Congress were opposed to that and Welfare Reform, but he threw them over the side as he signed 7 of the 10 items in the GOP's "Contract With America".

So Clinton had little to do with anything in creating the surplus. In fact, it would have happened much earlier had Reagan or Bush had a GOP Congress. And Greenspan deserves credit for stopping Clinton's plans to raid the US Treasury to build himself "monuments" like LBJ. Remember, Clinton ran on a "Middle Class Tax Cut" but lied and after election said he didn't have the correct figures so they couldn't do it. Instead he proposed massive new spending, which was defeated.

AlGore resurrected the "Middle Class Tax Cut" for his failed campaign, no doubt it was just more "boobbait for the bubbas" as Moynihan described their earlier campaign promise.

As for Clinton, no one in the world ever respected him. He has no positive accomplishments or positive legacy. Clinton and Gore were always bad jokes. So what if morons did like them.

So yes, the adults are back in charge and Greenspan can rest.
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