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Politics : Formerly About Advanced Micro Devices

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To: Scumbria who wrote (131956)2/8/2001 9:48:15 AM
From: hmaly  Read Replies (1) of 1571063
 
Scumbria ..Re1. Bring the budget under control.
2. Passage of NAFTA and GATT.
4. Stop Bosnian aggression in Yugoslavia.<<<<


The debt reduction act was passed in 1993 and Nafta was passed in Nov 93 within Bills first yr. Gatt was passed in Dec 94. No 4 is the only major accomplishment listed by you which happened in Bill's second term and I listed that in my post.

So enough of the rationalizations. The Reps couldn't stand being out of the Whitehouse, and did everything they could to screw Clinton up<<<<<

Just as the Dems will try to screw up GW; however I am willing to bet within 6 months we will see far more cooperation between the president and congress; and as a result more will get done. Just because Dole said he wouldn't cooperate with the new president the night after the election doesn't mean Bill couldn't have meet with Bob and worked out an arrangement. Look at this election. Despite all of the election problem in FL. despite Jessie Jackson's rhetoric about disenfranchised voters; GW has already meet with Jessie and most other Dem. leaders. In fact in GW's first wk. he meet with almost as many Dem. leaders as rep. leaders. Bill didn't try to reach out to anyone in congress. He bypassed congress and appealed directly to the people.

Can you imagine what a disaster it would have been had that bill not passed?<<<<

It is hardly fair to give that much credit to that bill. The recession was over before Bill took office and interest rates had dropped from Reagons second term on, and in fact reached its lowest point in 94, a yr which had a deficit of 150 billion. It helped to lower defict but it also raised our taxes to the highest level ever. The same results could have been acheived by reducing waste and corporate welfare; or are you a big fan of campaign donations and the resulting quid quo pro's. Other outside events had a lot to do with the economy.

1 The Gulf war increased cooperation between the US and OPEC countries, primarily because they needed the US to protect them from Saddam; which led to an oil price decline; which in turn kept inflation low and allowed AG to keep interest rates low despite low unemployment rates.

2 Of equal importance is that Japans economy faltered in 1990 and never recovered allowing the US to regain market dominance.

3 Asian recession kept down competition and just now is starting to recover. Korea and Thailand, two of our major trading competitors collapsed.

4 Russia disintergrated allowing the US to gain unprecidented political clout, not to mention the US gained economic clout in former Russian allies.

5 European productivity gains were almost nill because of strong unions and general increase in socialism in Europe.

6 We established a technology based economy in the 80's which allowed our economy to outpace all other countries in productivity gains. While the cheap computer was invented in the 70's and 80's it took yrs to install a computer based economy and the payoff hit its stride in the 90's
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