Paul,
No distortion there. Greenspan started the disaster, but Bush is now taking over the reigns as chief economy wrecker. How are the financial markets going to react to the news (later this year or next) that the Federal budget has gone back into the red?
It won't be a pretty sight. And people will realize that they should have been more appreciative of Clinton.
Scumbria
BTW: Clinton had the least growth in the debt of any President since Johnson. Reagan, Ford and Bush were by far the worst fiscal mismanagers.
HISTORICAL PERSPECTIVE
PRESIDENT TERM STARTED TERM ENDED DEBT AT START DEBT AT END TOTAL INCREASE ($Millions) PERCENT CHANGE PER YEAR
JOHNSON (D) 22 Nov 63 20 Jan 69 308,933 360,018 51,085 3.2%
NIXON (R) 20 Jan 69 9 Aug 74 360,018 493,622 133,604 6.7%
FORD (R) 9 Aug 74 20 Jan 77 493,622 664,852 171,230 14.1%
CARTER (D) 20 Jan 77 20 Jan 81 664,852 940,528 275,676 10.4%
REAGAN (R) 20 Jan 81 20 Jan 89 940,528 2,720,742 1,780,214 23.6%
BUSH (R) 20 Jan 89 20 Jan 93 2,720,742 4,188,092 1,467,350 13.5%
CLINTON (D) 20 Jan 93 20 Jan 01 4,188,092 5,725,695 1,537,603 4.6%
home.earthlink.net |
