SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tejek who wrote (553649)3/8/2010 2:00:41 PM
From: TimF  Read Replies (1) of 1571734
 
FACT: The longest economic expansion since WW II occurred under Clinton.

So? Before that the longest was under Reagan. Does that show that Reagan's ideas on taxes and the role of government are the way to go? If some future president with different ideas than either Clinton or Reagan has a longer expansion (which is very likely to happen at some point, even if to be longer the expansion has to continue under the next guy to take office), that his ideas are the best, and Clinton and Reagan where both wrong?

President's don't have any sort of solid control over the economic cycle. They can put in place policies that have a short term stimulus effect, or ones that help for long term growth, but they can't eliminate ups and downs. That longest expansion under Clinton was mostly a matter of lucky timing by Clinton, and to the extent that presidential pushed policy was its cause, it was partially the cause of Regan's bringing down the previous very high tax rates (Clinton rose taxes but the rates never went nearly as high as pre-Reagan).

FACT: Millions of good paying jobs were created under Clinton.

And under other presidents, and again while president's can help, they are only one factor.

FACT: The US sustained the lowest unemployment rate since the 1950s.

Fact: Overall unemployment under Bush was similar to unemployment under Clinton.

FACT: Clinton created balanced budgets that near the end of his second term created surpluses.

FACT: He had something to do with them, but congress played a large role. Also he was lucky enough to be in office when the tech stock boom was going full force (but out of it when the recession after the boom was in full force), and also to be in position to reap the "peace dividend".

The economic expansions under Reagan and GW Bush stunk up the joint in terms of job growth and quality of jobs produced.

Not a fact at all.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News