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Politics : Bill Clinton Scandal - SANITY CHECK
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To: John Lacelle who wrote (28724)1/20/1999 11:21:00 AM
From: Les H  Read Replies (1) of 67261
 
The apolitical economists have been crediting the budget balancing to the economy all along. The twin tax hikes were offset by spending increases. No one remembers Eisenhower for the good economy in the 50's, Kennedy-Johnson for the strong economy in the 60's, or Roosevelt for the US economy's recovery from the Great Depression. The private economy is the real engine of the country. The credit to the economy of the 90's goes to the restructuring of the economy by the private sector in the 80's and early 90's, and the Asian Crisis for slowing down the economy to a sustainable level of growth.
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