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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (131459)2/4/2001 9:54:31 AM
From: Scumbria  Read Replies (1) of 1575840
 
Tim,

Much of the economic growth that came under Clinton was the direct result of the fact that the deficit was brought under control.

The first big movement occured in 1993, when the Deficit Reduction Act was passed. This was Clinton's baby, and he pushed it through Congress without a single Republican vote. (Bob Dole warned the country that the bill would lead to an economic depression.)

The trade agreements which Clinton pushed through Congress (after Bush's failure to do so) were the second big step towards economic expansion.

Since 1994, the Fed has been very concerned that the economy is growing too rapidly. Give credit where it is due.

Scumbria
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