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

To: Kenneth E. Phillipps who wrote (485836)	11/3/2003 1:44:23 PM
From: JakeStraw	Read Replies (1) \| Respond to of 769670

"Then, there are the other uncomfortable facts. The deficit reached its 1990s high of $290 billion in fiscal year 1992 and fell to $255 billion in fiscal year 1993, a roughly $40 billion reduction even before Clinton got started. Why was the deficit already declining? The deficit tends to rise during recessions, and fall during expansions. It climbed with the recession of 1990-91, before declining again as the recovery took hold. So, just as Clinton was taking office, natural forces were already working to reduce the deficit."

To: Kenneth E. Phillipps who wrote (485836)	11/3/2003 2:05:45 PM
From: JakeStraw	Read Replies (1) \| Respond to of 769670

"Remember health care? Clinton wanted to socialize one-seventh of the American economy. As The Economist put it in 1993, "Not since Franklin Roosevelt's War Production Board has it been suggested that so large a part of the American economy should suddenly be placed under government control." Siewert criticized Cheney on Monday for handing over a deficit of $290 billion in 1992. Yet it was the Clinton health plan, defeated by Republicans and a band of moderate Democrats, that, according to the CBO, would have increased the deficit by at least $200 billion over a decade. So much for a balanced budget (which the Republicans forced Clinton to accept in 1997). Or how about Gore's 1970's era energy tax, totaling $72.8 billion, on coal, oil, natural gas, and nuclear power? That was too much even for Democrats, who scuttled it 1993 in favor of a 4.3 cent tax on gasoline. Having stopped these potentially disastrous Clintonista interventions, Republicans helped risk-takers and investors spawn a technological revolution that boosted productivity, restrained inflation, and spurred economic growth. History may give Clinton the credit he seeks for America's economic success. But the history of the facts — things, of course, that never get in Clinton's way — shows he doesn't deserve it."