How do most people not realize that Newt Gingrich's Congress was responsible for the 90's economic boom. - george boom funeral home sioux falls sd
Clinton was the right place at the right time during the dot-com madness, and George Bush has a hidden damage to clean.
Friday, January 15, 2010
George Boom Funeral Home Sioux Falls Sd How Do Most People Not Realize That Newt Gingrich's Congress Was Responsible For The 90's Economic Boom.
5 comments:
Newt was not long enough before they surprised by the Democrats.
He is absolutely right. In 1994, Congress made responsible for the economic boom of the late 90s. Liberals and supporters of Clinton and Clinton suggests that, if he had really nothing to do with it. While presidents have always given the credit or blame for the economic development, the President is almost never the cause. This is because people do not know how the economy works.
Mortimer is completely wrong. Not raising taxes to improve the economy. How is he? Its economy is dominated by the consumers. You can not do what you do not. Increased taxes in 1993, Clinton did not reduce the deficit ... Lolol. And Clinton has no line on spending ... Lolol. Mortimer Good one!
Ah yes, the former Republican Party exucse that the prosperity of 90 years was just a soap bubble.
FACT: The Dow Jones has more than tripled under Clinton, and the S & P 500 and Wilshire 5000 show similar progress.
FACT: The dot-com shares were listed on the Nasdaq!
Thus, other companies was very good, not just dot-coms.
That's what Clinton did to help the economy: He raised taxes in 1993 to reduce the deficit, holding the line on spending, the freed capital for the expansion of the economy. Not one Republican voted.
Ah yes, the former Republican Party exucse that the prosperity of 90 years was just a soap bubble.
FACT: The Dow Jones has more than tripled under Clinton, and the S & P 500 and Wilshire 5000 show similar progress.
FACT: The dot-com shares were listed on the Nasdaq!
Thus, other companies was very good, not just dot-coms.
That's what Clinton did to help the economy: He raised taxes in 1993 to reduce the deficit, holding the line on spending, the freed capital for the expansion of the economy. Not one Republican voted.
The economic boom was the result of several factors. First, Reagan broke the back of inflation. Carter could have done, but that the willingness to take unpopular measures that would have required. Reagan believed that his role as president of cause not be popular, so that it took place. Neither Clinton nor Gingrich had to deal with the monster of inflation.
Secondly, and Bush Reagn One broke the back of the Soviet Union. The "peace dividend" has greatly helped.
Thirdly, if neither Reagan nor Bush had done much to smaller government (), despite election promises, they could not be less intrusive government with respect to the trade. An economy is not obstructed by the government is a major source of the spring. Enter Clinton, smart enough to change a good thing.
The point of the com bubble was not the source of the spring. If it was not the source of the recession that began in the last years of the Clinton presidency.
Both Gingrich and Clinton credit for the stay out of the way of a good economy. Doing nothing is the worstto do a president, and has praise for Clinton to resist the temptation won.
Gingrich and the crew is limited only increased government intervention in trade and the growth of government. Both, however, increased during the Clinton presidency and inherited with the bursting of the dotcom bubble, two Bush recession.
In the current economic problems are the result of two very good things. First, the productivity has dramatically increased sharply in the last 20 years. This resulted in the production capacity to produce 67% more goods with fewer workers than 50%. While outsourcing is responsible for the decline in manufacturing jobs that charge is made, it is actually the result of the increase in productivity. Second, Bush has not learned two lessons from the mistakes of his father in real estate. One of the Democrats, Bush agreed to suck, "the program includes several major changes, such as rental properties are considered to taxation. Suddenly, homeowners across the country (mainly office, residential owners, but a few) it was losing money in large quantities. Therethere was no way to make a profit, so they moved away from their loans, most of which S & Ls. The S & L crisis. Bush wanted to encourage, has increased two houses belonging to minorities so that the rules were changed to make zero down payment, loans without interest that the verification of a borrower, as claimed. The lending industry has been quick in this train, and now we have a credit crisis. Gosh.
Enough of Economics 101 Yes, the credit Gingrich, and even gets Clinton the credit. Most Credit goes to Reagan.
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