BC
Normally I can count on you for the facts, but I think you shortchanged the Clinton Miracle.
(I'm not a good detail man)
I love it when a Limba-sheep asks; "What did Clinton
do to make the economy so good?"
Here is what I try to tell them:
1. The Clinton Administration
forged a bipartisan coalition to pass NAFTA Click
Here
after concluding tough negotiations on side agreements
covering workers' rights, the environment, and import surges.
Exports to Mexico rose 23 percent in the first
11 months of 1994.
A republican president, especially a dimwit like DUHbya would have never been able to get NAFTA passed. This took Clinton's charm and charisma which W has none and Clinton's hard work which W has never shown the ability to do.
2. President Clinton
led the fight to pass GATT Click
Here , which lowers
tariffs worldwide by $744 billion over ten years
-- the largest international tax cut in history. GATT cuts tariffs
on manufactured goods by more than one-third
overall and eliminates tariffs in major markets in a number of
sectors in which the U.S. is particularly competitive.
DUHbya has only raised tariffs/taxes so much for
his - Swear to God - not to raise taxes.
And why hasn ANYBODY mentioned this?
3. As part of the
1993 Economic Plan Click
Here ,
President Clinton cut taxes on 15 million low-income
families Click
Here and made tax cuts available
to 90 percent of small businesses, while raising
taxes on just 1.2 percent of the wealthiest taxpayers.
Passed without one Republican vote, which started the Clinton Miracle and reversed by Bush II (stupid).
4. President Clinton
signed into law the largest deficit reduction plan in history, Click
Here resulting in
over $600 billion in deficit reduction.
Click
Here
The deficit is going down for 3 years in a row
for the first time since Harry Truman was president.
Passed without one Republican vote, which also
helped to start the Clinton Miracle
and was reversed by the Bush II (stupid) administration.
5. President Clinton
expanded the Earned Income Tax Credit to cut the taxes of 15 million working
families
Click
Here with incomes of $27,000 or less.
These tax cuts are often forgotten and never mentioned by the radical right.
6. President Clinton
yesterday abandoned his proposed $40 billion loan guarantee package for
Mexico in the face
of unrelenting congressional opposition, and
announced he would instead act on his own authority to offer Mexico
$20 billion in U.S. government short-term loans
and loan guarantees to stabilize the peso. The U.S. initiative,
a major policy shift, included large new pledges
of support for Mexico from international financial institutions
that will raise the total global commitment to
Mexico to more than $49 billion.
We loaned Mexico this money, and they paid it back early with interest, and we made about $500 million.
Again action taken without one republican vote
and in fact they condemned this action claiming it was throwing away
the money. But once again by avoiding an
economic collapse of one of our biggest trading partners and the ripple
effect
it would have on our economy, Clinton once again
proved he was the greatest president of our lifetime.
Keep the hammer flying!
Larry the Liberal
