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Politics : Proof that John Kerry is Unfit for Command -- Ignore unavailable to you. Want to Upgrade?

To: ManyMoose who wrote (18280)	10/13/2004 12:22:38 PM
From: cirrus	Respond to of 27181

You suggest that Clinton just sat there and reaped the benefits. Nothing could be further from the truth. You forget that Clinton's 1993 tax hike, which passed the Seanate by 51 to 50 with Gore casting the tie tiebreaker, was bitterly opposed by republicans who promised it would wreck the economy. The opposite happened. By signaling that he was determined to get the federal deficit under control and taking the federal government out of competition with the private sector for borrowing funds, Clinton triggered a burst of optimism that encouraged private investment and the longest peacetime economic expansion in history. The economy fell apart when it became clear that Bush was about discard textbook economics in favor the neocon dogma of "deficits don't matter" and huge tax cuts that undid the progress made under Clinton and once again plunged the nation into deficit spending for the foreseeable future. No, I'm saying the economy was ready to expand when Clinton took office, and he was smart enough to ride the wave.