Ah the Clinton years....so great, I might vote for Obama just because of him....NOT! God bless the Clinton tax cuts, spurred years of growth. |
OP, please do note that plenty of childish vitriol comes from your side, too. |
Time waits for no man, even ones who call our President childish names. |
Romney has evolved so many times it's impossible to keep straight. If you are accusing Dems of being suckers, you should go look in the mirror. |
I'm pretty sure that was a knock at VPOTUS, who kind of does the bill. Out of curiosity, what childish names is the president called? |
Not going to read the whole thread. I'm libertarian. I come here for a bit around once a month and then get too annoyed to stay. I talk politics with my liberal friends but there is too much disrespect, name-calling, and complete rejection of the idea that those who disagree with you might have decent motivations and a different philosophy. |
You are turning into a rolling non sequitur. When were we talking about Clinton, and wasn't he the guy who raised taxes in 1993, and the economy took off anyway? |
No sir. Clinton benefitted, yes benefitted from global oil and gas prices at historic lows, geopolitical certainty thanks to the end of the Cold War and finally a tax cut on capital gains passed by the Republican congress in 97 in believe. Economic growth from 93 to 98 was reletivily flat, not barnburning. Ooooooo, and a little thing called the Internet that tremendously increased commerce and productivity. Yes, we know, we know, Clinton "created" 20 million jobs, but a vast majority of it was the luck of a generation. |
Clinton erased our deficit by 1997. Did that not matter, and if it didn't, why does it suddenly matter now? I'm confused by all those people complaining about our spiraling debt. As far as I can tell, he reduced the debt, interest rates fell, and the economy expanded. Your point about the growth pre- and post tax cuts intrigued me quite a bit. Unfortunately that caused me to look up the data, and shocker, it does not support you. The economy averaged 3.5% before the tax cuts and in fact the last year it grew 4.5% before the tax cuts hit. I'm afraid the conservative revisionists did not give you a good script there; the timing was just off. I suppose you could say that Clinton did not create the low oil prices. But then again Bush had $28 oil even after invading Afghanistan. It was only after the invasion of Iraq that prices started to spiral. So while a President might not earn cheap oil, he can damn well fuck up a good thing if he applies himself. |
Clinton "erased" the deficit thanks to six years of a Republican house. From 93 - 97, per tax cut, GDP was 3.3, wages fell by .6%. After congress cut the tax on investment, GDP was over 4%, a 30% increase, and real wages grew a well. Source, buearu of labor statistics. |
Correcting myself, pre tax cut, wages grew -.06%, post tax cut, 1.7%. |
That would be more persuasive if the deficit had not started going down before they took the House. Also, as I pointed out before, our GDP grew 4.5% in the year before the tax cuts took effect. They were only passed in August of 1997, but GDP in 1997 was already outstanding. So it's really difficult to argue cause and effect unless Congress hopped into a time machine. Lastly 3.3% is a good number. Ronald Reagan produced an average of 3.4% and he started from a recessionary trough. |
Why? If you can give me an answer that doesn;t have its roots in religion, I'll certainly entertain it. But I don't think you can. |
So there's a significant amount of luck involved regardign a president's record of job creation? Interesting. I don't recall seeing that recognition when your republican bretheren are blasting the current president for his lack of job creation. |
End of story?? That sounds like my dad when I was a teenager. Maybe he should add a "because I said so!! and turn red faced or something". |