Originally posted by: retrospooty
Do you have ANY purpose here other than to just blindly bash the left and build up the right? Are you even capable of free thinking? Because it seems you just follow right wing talking points. Anyhow, what I like about Obama in this, is that he is taking ownership of the economy - rather than putzing around with it like Bush does. He is taking steps, while Bush twiddles his thumbs.
I mean this guy...
http://clinton5.nara.gov/WH/Ac...nts/eightyears-03.html he has a lot of higher praise from people a BIT more educated on economics than the right wing bloggers you get your news from.
Clinton-Gore Economic Policy Has Dramatically Improved the Economy
"My colleagues and I have been very appreciative of your [President Clinton?s] support of the Fed over the years, and your commitment to fiscal discipline has been instrumental in achieving what in a few weeks will be the longest economic expansion in the nation?s history."
? Alan Greenspan, Federal Reserve Board Chairman, January 4, 2000, with President Clinton at Chairman Greenspan?s re-nomination announcement
"The deficit has come down, and I give the Clinton Administration and President Clinton himself a lot of credit for that. [He] did something about it, fast. And I think we are seeing some benefits."
? Paul Volcker, Federal Reserve Board Chairman (1979-1987), in Audacity, Fall 1994
One of the reasons Goldman Sachs cites for the "best economy ever" is that "on the policy side, trade, fiscal, and monetary policies have been excellent, working in ways that have facilitated growth without inflation. The Clinton Administration has worked to liberalize trade and has used any revenue windfalls to reduce the federal budget deficit."
? Goldman Sachs, March 1998
"Clinton?s 1993 budget cuts, which reduced projected red ink by more than $400 billion over five years, sparked a major drop in interest rates that helped boost investment in all the equipment and systems that brought forth the New Age economy of technological innovation and rising productivity."
? Business Week, May 19, 1997