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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: JohnD who wrote (123220)	8/29/2000 9:36:22 AM
From: Scumbria	Read Replies (4) \| Respond to of 1570289

John, I can't remember even one significant thing this president has done that would cause me to give him real credit for the great economy, BTW. The list is tremendous, but I will point out the cornerstone. The 1992 Deficit Reduction Act, turned the tide on the economic malaise caused by deficit panic. Until that bill passed, the general perception was that the exploding deficit was going to bankrupt the country. After passage, Greenspan and the financial community relaxed, and the economy quickly turned around. The bill was railroaded through Congress by Clinton's sweat and blood. It passed by a single Democratic vote (no Republicans voted for it!) Passage of the bill came at a high price. It cost the Democrats control of the Congress the following year. It was one the bravest political acts I've seen in my lifetime. (Bush Senior did something similar in 1991, which cost him the Presidency.) Do you remember the pre-Clinton days of exploding $300 billion deficits, and the feeling of impending economic doom the country felt in the late 80's and early 90's? Scumbria

To: JohnD who wrote (123220)	8/29/2000 1:25:56 PM
From: f.simons	Respond to of 1570289

I can't remember even one significant thing this president has done that would cause me to give him real credit for the great economy, BTW. JohnD- Your statement answers your question. The best thing a president can do re the economy, is almost always to do nothing. Clinton has done that pretty well. Fact is, whoever is sitting in the White House gets to take the blame and the credit on the economy. That's the way it has always been, and always will be. Frank