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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: SecularBull who wrote (139140)4/18/2001 4:49:03 PM
From: Scumbria  Read Replies (1) | Respond to of 769667
 
SB,

More recently, our economy has enjoyed an investment-led economic rejuvenation following the increases in the top tax rates on corporations and the best-off people in President Clinton's 1993 deficit reduction act -- defying the tocsins of doom sounded at the time by Armey, Gingrich et al. Indeed, from the third quarter of 1993 (when the deficit reduction act was approved) through the end of 1994, real GDP rose by 5.7 percent, led by real business investment growth of 18.4 percent. The stock market is at a record high. Indeed, the economy has done so well since 1993 that the Federal Reserve has taken repeated steps to try to slow it down.

ctj.org

Scumbria