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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (161043)	3/20/2006 11:26:16 PM
From: DavesM	Respond to of 793719

You are correct, Presidents don't pass laws, they sign bills into laws. President Bush signed into law a tax cut, (in 2001) which resulted in increased consumer spending - thanks in large part to Democrats (I believe) who demanded the cut be front loaded. Since consumer spending is by far and away the largest component in GDP, the 2001 recession was relatively mild - despite trillions of investment dollars being lost (market crash of 2000). Does Clinton deserve credit? Sure, his tax increase resulted in a Federal Budget that allowed a stimulatory tax cut and interest rate cuts by the Fed - when they were needed.