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Politics : Why is Gore Trying to Steal the Presidency? -- Ignore unavailable to you. Want to Upgrade?

To: rich4eagle who wrote (1363)	11/19/2000 11:00:06 PM
From: MasonS	Read Replies (1) \| Respond to of 3887

Good about the current Administration...you are correct about many of those things...however...although Clinton was a good President...he blew it. Al Gore is no Clinton.

To: rich4eagle who wrote (1363)	11/19/2000 11:05:42 PM
From: sandintoes	Read Replies (3) \| Respond to of 3887

Of course, that's because the REPUBLICAN CONGRESS voted for a balanced budget, and MADE Clinton do it. Do you think this would have happened if Hillary had been allowed to take over the Nation's health care? All I can say to New York is thanks for nothing...you are sending Hillary to speak for you ??????? DUMB

To: rich4eagle who wrote (1363)	11/19/2000 11:20:29 PM
From: Ellen	Read Replies (1) \| Respond to of 3887

Very good points! Sure beats that "trickle down" theory the Republicans had. What I would like to know is, did that ever trickle down to anybody? <G> You remember, that was the economic plan that the elder Bush used to call "vodoo economics." Oh brother...

To: rich4eagle who wrote (1363)	11/20/2000 12:11:59 PM
From: Catfish	Respond to of 3887

Not the Clinton-Gore Economy Now we remember why we call him Slick Willie. By Stephen Moore, NR contributing editor After listening to Bill Clinton's speech last night I was reminded of a famous quip by Mark Twain: first get your facts straight, then you can distort them all you like. Now we remember why they call him Slick Willie. Last night Bill Clinton took credit for a long wave of economic prosperity that began ten years before he was elected and for a balanced budget that he fought tooth and nail to prevent after Republicans took Congress. To borrow a phrase from Joe Lieberman: that's chutzpah. Well here are the undistorted facts: 1) The National Bureau of Economic Research reports that we are now in the 18th year of one long wave of prosperity. It began in 1982 with the supply-side policies of Reagan - tax-rate cuts, sound money, deregulation, free trade, and victory in the cold war. Michael Cox of the Dallas Federal Reserve Board has found that over the past 200 months, since the Reagan prosperity began, the economy has been in recession just eight months, or just four percent of the time. 2) The bullish stock market began in 1982, not in 1992. Then, the Dow Jones was at 800. Today it is at 11,000. 3) It is also instructive to examine the stock market during the Clinton presidency. From 1993-95 the Dow rose from 3,200 to 3,800. But from 1995 to 2000 the Dow rose from 3,800 to 11,000. About 90 percent of the gain in asset values happened after the Republicans took control of Congress and the markets were assured that Clintonomics would be curtailed. 4) Interest rates and inflation began their long-term tumble in the early 1980s. In 1980 mortgage interest rates hit 20 percent and the inflation rate hit eleven percent. Since the early 1980s inflation has fallen by roughly a half a percent per year. There were three people responsible for the lowering of inflation and interest rates: Reagan, Paul Volker, and Alan Greenspan. 5) Clinton boasts that his world record tax increase in 1993 caused interest rates to fall. Actually, from 1993 through November of 1994 (when Republicans won control of Congress), interest rates rose by 50 basis points. 6) When Bill Clinton entered office the economy was growing at a four percent rate (4th quarter of 1992). After Clinton's tax hike, the economy stalled to a 2.6 percent rate. 7) After two years of Clintonomics, the budget deficit was still well over $200 billion. In early 1995 the budget deficit was projected by the Congressional Budget Office to remain over $200 billion for as far as the eye could see. So much for the idea that Clinton's $500 billion tax hike balanced the budget. What changed this gloomy outlook on the budget? The GOP balanced budget plan in 1995. Who can forget 1995? In that year Bill Clinton closed down the government twice to avoid the Republican's balanced budget and the White House was forced to submit five budgets until he finally proposed one without a deficit. To be sure, Bill Clinton does deserve some of the credit for this astonishingly resilient expansion. Where his policies have been most productive - for example, in promoting free-trade agreements, signing the Republican welfare reforms, cutting the capital-gains tax, and allowing Alan Greenspan to smother the last remnants of inflation in the financial system- he has sensibly followed the economically liberating path laid out by Reagan.