Originally posted by stinkhorn
reply to post by Bunch
Wow you are ignorant. Taxing people doesnt spur growth in the economy, it just makes government larger so they can spend money on crap pork.
You might disagree with my point that doesn't make you or me ignorant.
Bill Clinton didnt make the economy of the 90's, the computer and internet did. Computers made a huge leap in a short amount of time technologically which made them 10x faster than the ones produced in prior years. This increased productivity and sales which spured the economy to produce more, more quickly. Then the internet came to fruishion, companies were scrambling to get on with websites galore.
You are absolutely wrong on this one, ABSOLUTELY, Clinton economic policies where what created the economic boom the largest economic boom this country has EVER experienced, EVER.
Mr Clinton's most enduring legacy is likely to be the economic boom which began shortly before he took office in 1992.
During the eight years of the presidency, the economy expanded by 50% in real terms, and by the end of his tenure the US had a gross national product of $10,000bn - one quarter of the entire world economic output.
The booming US economy has brought economic benefits right across the income spectrum.
The unemployment rate has dropped by half, to 4%, a 40-year-low, while the economy has created some 15 million jobs.
news.bbc.co.uk...
Taxes made it harder to hire employees, so people made do by working more hours for less pay. No government should ever have a surplus, that means they are taxing the people too much.
Computers and internet you say, but the reality is that that the economic boom was all across the spectrum. You say that companies were not able to hide but for some reason during the Clinton presidency the unemployment rate was reduce from 8% to 4% a 40 YEAR LOW.
Is so easy when you have facts instead of uneducated guesses and rethoric.
[edit on 14-10-2008 by Bunch]
[edit on 14-10-2008 by Bunch]
[edit on 14-10-2008 by Bunch]
