gordon.coale
 
Home
 


Weblog Archives

   
 
  Thursday  January 9  2003    12: 45 AM

economy

Heresy

During the Clinton years, the US economy experienced an unprecedented boom. The economy added millions of jobs. Unemployment shrank while inflation was tame. The budget deficit disappeared and surpluses materialized. Poverty decreased and earnings rose. Interest rates dropped and the stock market rose. All in all, the US economy did very well.

The fact that the economy did well under Clinton’s policies drove conservatives crazy. It simply could not be that the good fortune that the country experienced under Clinton was actually caused by the policies enacted under Clinton. The good things must be attributed to something, anything else.
[more]

  thanks to Body and Soul