GOPwinger Lies/Distortions/Omissions/Perversions of Truth Message Board

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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: J_F_Shepard who wrote (144321)	10/30/2008 10:15:28 PM
From: TimF	of 173976

Give me one economic metric where Reagan out performed Clinton.. Reduction in inflation. General improvement in economic metrics (which is not the same as the state the economic metrics where in). But that's not the point. Many factors go in to economic performance during a presidents time in office. Reagan inherited stagflation, and the deepest American post WWII recession was needed to clear out the inflation and allow healthy real growth. He inherited a situation where stupidly high top tax rates where reducing incentives. He inherited a situation where the US military needed rebuilding. He inherited a situation where there was a general feeling of malaise in the country. Clinton inherited an economy that had experienced a downturn (so there was room to grow), but where the economy had already started growing before he became president (so he didn't have to turn things around). Clinton inherited a situation that allowed for massive cuts in the size of the US military, which gave him the "peace dividend". He served in office when private investment in technology companies was creating a boom (some of it based on real value, and some of it a bubble, but all of it making Clinton's economic stats look rosier) Reagan turned things around (to an extent, its not like he was the only government decision maker involved, and generally presidents and even governments overall get to much credit or blame for economic changes, but he at least actually did implement important policies useful in turning things around). Clinton was handed a much easier situation and didn't screw it up. Good for him. And I'm not being sarcastic in saying that, its good that he didn't screw it up, but he shouldn't get credit for much more than that.

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