"At the time, the tax increase was the largest in history,"
And the result is the golden years of the Clinton admin..
1 - No the solid economy ("golden years" goes to far) when Clinton was president was in no way the result of the tax increases. It was a result of many things, some of which I listed -
"the restraint on spending, relatively low energy prices, technological improvements and the vast expansion of the internet, and many other factors (including the fact that the economy had come out of a recession before Clinton was elected, and had some bounce back growth to come), and managed to hold off from the next one until a couple of months after Clinton left office"
2 - Your out of context quote is misleading. I said it was the largest in history in nominal dollar terms, and then went on to show that nominal dollar terms are pretty meaningless for such things.
You could criticize the Republicans for using them (but since they are simple and work in cases like this, both parties will use them all the time, for example all the Democrat who attacked Reagan and later Bush II for the "largest deficits", so if you want to criticize the Republicans attacking Clinton, and they probably deserve it, you should also criticize the Democrats who make the same type of argument.) |
