Originally posted by: marincounty
Originally posted by: bamacre
Originally posted by: Vic
- Major technological advances for the mass market consumer.
You could have just said that, Vic.
Those technologies alone are what boosted the economy, and because consumers were buying them, it made them cheaper via mass production, and more available to smaller businesses as well as larger business. So, small and large businesses were producing their products and services more efficiently, as well as creating all kinds of new products and new services. That produces a domino effect which accounts for everything else you posted above. We should be thanking Microsoft, Intel, and the internet. Not Bill Clinton. A rock could have presided over that economy.
No, It was also the policies of the Clinton administration. Clinton actually appointed people with ability, from Yale, Stanford, UC Berkeley, etc. , not ideologues from Liberty University.
I seem to remember a big tax increase, that was opposed by all the Republicans, that put us on the path to a balanced budget. Republicans were all claiming that the sky would fall if Clinton's tax increase, mainly on the rich, were passed.
We then had the greatest post war expansion ever. Deficits dropped markedly.
Your hero Reagan was president during a time of great economic growth, and managed to saddle us with record deficits our grandchildren will be paying off.
Look up the deficits created under Republican administrations , versus Democratic administrations. There is no comparison.
Republicans believe in tax cuts and spending . Democrats believe in tax and spend.
Do the math.