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View Poll Results: Bill Clinton = Best fiscal conservative president in the last 40 years?
Yes, Bill Clinton balanced the budget 20 76.92%
No, he got a bj and that cancels everything he did 6 23.08%
Voters: 26. You may not vote on this poll

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Old 01-07-2010, 02:43 AM
 
Location: Tampa (by way of Omaha)
13,906 posts, read 19,079,648 times
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Quote:
Originally Posted by swirling_vortex View Post
Bill Clinton ran surpluses because of two things:

-He entered the Presidency at the end of a recession and was able to ride up to the dot-com bubble.
-The Republicans in Congress wouldn't let him have all of the social program spending he wanted.

Nothing magical about his economic team in any way. And eventually, the dot-com popped, so even if there was something about his economic and budget team, it certainly wasn't sustainable.
Clinton created a surplus by realizing that the Cold War was over and making alot of cuts to military spending and putting the savings toward the national debt. There were other things he did but that was the biggest factor.

Granted, Clinton receives more credit than he deserves for the good economic times we had, but the Dot Com bubble really had very little to do with it. We saw some pretty good economic times under Bush but we kept running right into the red, thanks in large part to him doing a complete about-face on all the progress Clinton brought.
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Old 01-07-2010, 04:00 AM
 
2,173 posts, read 2,520,925 times
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Who controlled congress during Clinton's reign? The GOP of that time was fiscally responsible and fiscally conservative. Clinton would have spent like Bush if he could have. As for welfare reform, Clinton was forced to accept that by the GOP congress though he claimed it as his own. But don't worry because all the welfare reforms were undone in the first stimulus bill.
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Old 01-07-2010, 04:02 AM
 
Location: somewhere in the woods
16,885 posts, read 12,997,657 times
Reputation: 5211
Quote:
Originally Posted by Dopo View Post
William J. Clinton | The White House

During the administration of William Jefferson Clinton, the U.S. enjoyed more peace and economic well being than at any time in its history. He was the first Democratic president since Franklin D. Roosevelt to win a second term. He could point to the lowest unemployment rate in modern times, the lowest inflation in 30 years, the highest home ownership in the country's history, dropping crime rates in many places, and reduced welfare rolls. He proposed the first balanced budget in decades and achieved a budget surplus. As part of a plan to celebrate the millennium in 2000, Clinton called for a great national initiative to end racial discrimination.

no matter what you say, slickwilly did not balance the budget.

the USA had a debt when slickwilly was in office, and when he left the USA still had a debt.
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Old 01-07-2010, 04:07 AM
 
820 posts, read 749,848 times
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I'd rather have Clinton as President right mow.
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Old 01-07-2010, 04:08 AM
 
Location: somewhere in the woods
16,885 posts, read 12,997,657 times
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Quote:
Originally Posted by maskedman View Post
I'd rather have Clinton as President right mow.

I would rather have Thomas Jefferson as president right now, and not slickwilly.
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Old 01-07-2010, 07:43 AM
 
12,625 posts, read 18,130,097 times
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Quote:
Originally Posted by twista6002 View Post
That was the early 2000's recession. Go ahead and look it up. It had a minimal effect on America and that's overstating it. The only reason it had the title "recession" is because it had 2 periods of negative growth IN EUROPE, NOT AMERICA. The only reason there was any negative growth at all in America is because the dotcom bubble peaked in early 2001. Clinton brought us economic heights never reached before or since. It was only natural there was negative growth for a quarter.

BTW, an

yone else find it ironic the same people calling this the Clinton recession are the same people saying pointing fingers at Obama for today's recession?
Bill Clinton's Classy MomentThe former president shows former Treasury Secretary Robert Rubin how to accept responsibility for the recession.

Bill Clinton accepts responsibility for theÂ*recession. - By Timothy Noah - Slate Magazine





RNC RESEARCH
BILL CLINTON TO EXPLAIN HIS RECESSION ON CBS’ “60 MINUTES”


Months Before Final 60 Minutes Ran Out On Clinton Administration, The Economic Recession Had Already Begun


“President Bush’s main economic policy -- the large tax cut of last year was not responsible for any of the current damage [to the economy]. Indeed, given the twin shocks of 9/11 and the post-Enron stock market decline, the short-term stimulus created by the tax cuts has turned out to be fortuitously well timed.” [SIZE=1] (Editorial, “Negative Al Gore,” The Washington Post, October 5, 2002)

ECONOMIC DATA CONFIRMS SLOWDOWN BEGAN UNDER CLINTON

Economic Statistics Confirm U.S. Economy Was Shrinking While Clinton Was In Office. “America went into recession long before the terrorist attacks of September 11th. … The new figures suggest … that the economy grew more slowly in … 2000 than was previously thought: GDP rose by 3.8% (compared with last year’s estimate of 4.1% and an initial figure of 5%).” [(“Unwelcome Numbers,” The Economist, 8/3/02)
Market Indicators Confirm Recession Started On Clinton’s Watch. According to the Council of Economic Advisors, “it was widely recognized that the economy was weak coming into 2001.”



BILL CLINTON TO EXPLAIN HIS RECESSION ON CBS’ “60 MINUTES” (RNC Research)
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Old 01-07-2010, 07:52 AM
 
7,987 posts, read 11,200,590 times
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Quote:
Originally Posted by Dopo View Post
William J. Clinton | The White House

During the administration of William Jefferson Clinton, the U.S. enjoyed more peace and economic well being than at any time in its history. He was the first Democratic president since Franklin D. Roosevelt to win a second term. He could point to the lowest unemployment rate in modern times, the lowest inflation in 30 years, the highest home ownership in the country's history, dropping crime rates in many places, and reduced welfare rolls. He proposed the first balanced budget in decades and achieved a budget surplus. As part of a plan to celebrate the millennium in 2000, Clinton called for a great national initiative to end racial discrimination.
His personal life aside, Clinton did a fantastic job as president. The Clinton years were some of the best in my memory. I think we would have been wise to elect Hillary instead of Obama....she would have governed in much the smae way as Bill. I don't believe Hillary would have bought into the spend, spend, spend mentality that Obama has brought to Washington.
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Old 01-07-2010, 08:03 AM
 
12,625 posts, read 18,130,097 times
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Quote:
Originally Posted by gsupstate View Post
His personal life aside, Clinton did a fantastic job as president. The Clinton years were some of the best in my memory. I think we would have been wise to elect Hillary instead of Obama....she would have governed in much the smae way as Bill. I don't believe Hillary would have bought into the spend, spend, spend mentality that Obama has brought to Washington.
Hillary is Nothing like Bill. Oh I disagree I think she would have spent she also like the socialist idea to things and she would have tried to pass Her healthcare again.
Bill Clinton is the reason 9/11 happened! That is not d a Doing a fantastic job
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Old 01-07-2010, 08:09 AM
 
23,851 posts, read 19,802,302 times
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Bill Clinton served a purpose but, in my opinion, it's a tradeoff of good and bad. He erased deficits by taking advantage of the dot-come bubble, but failed completely in national security measures. Most of you probably don't remember the bombing of the Khobar Towers in 1996 in Saudia Arabia, but the investigation of that attack was marred by political influence, which effectively kept our intelligence community quarantined from valuable sources of intel that would have allowed us better access to the coming Islamic radicalism that was building at the time. Clinton and Gore explicitly prohibited the FBI and CIA from doing anything that would harm relations with Saudi Arabia. This is not fiction. This is fact. As a result, we were shut out of a region at a critical time where we needed to be deeply involved. 9/11 was the result. Most of the terrorists were from Saudia Arabia.

So, in my view, Clinton put us in a better position to be able to spend money on the coming Afghan/Iraq wars, but could those wars have been averted had he let our intelligence community do what it's supposed to do?
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Old 01-07-2010, 08:25 AM
 
Location: Southeast
4,296 posts, read 6,260,484 times
Reputation: 1445
Quote:
Originally Posted by other99 View Post
Well Clinton was ok but he made some mistakes. It was true that he allowed selling China for ICBM technology, and the main reason was to prevent China from assisting the Iranians in developing nuclear technology. China agreed not to help the Iranians with their nuclear technology in exchange for the ICBM technology. In addition China was at that time helping Pakistan develp nuclear weapons. The US government did not condemn China for assisting Pakistan with its development of nuclear weapons even though it was illegal for China to do so since they are part of the non proliferation treaty.
...?

I will have to read up on what you say before giving you the thumbs up, but China was given our ICBM technology - specifically the W88 and various missile guidance systems, as well as dozens of other techs - so that Bill Clinton's campaign financier (Loral Space & Communications) would not lose another multi-million dollar satellite in another explosion of the Long March 3B. After Clinton circumvented the ban on tech export (enacted by H.W. Bush in response to the Tienanmen Square Massacre), Loral consulted with the Chinese to fix their rockets, which is where the technology trades took place. If I am not mistaken, Clinton later pardoned the head honcho of that corporation, but his company was later prosecuted and fined under Bush - 43.

Quote:
Originally Posted by Bosco55David View Post
Clinton created a surplus by realizing that the Cold War was over and making alot of cuts to military spending and putting the savings toward the national debt. There were other things he did but that was the biggest factor.
Um no, military spending was not a penny lower the day Clinton left office than it was when he took office in 1993. And while post-Cold War demilitarization did occur, it was not nearly as money-saving as you seem to think. Government spending on social programs doubled under Clinton, ending at $1.07 trillion, compared to defense spending of only $374 billion.

The biggest contribution was an extensive tax increase in 1993.

Furthermore, the national debt never went down in the 90s, the budget surplus was not used to pay it down.

Quote:
Originally Posted by Bosco55David View Post
Granted, Clinton receives more credit than he deserves for the good economic times we had, but the Dot Com bubble really had very little to do with it. We saw some pretty good economic times under Bush but we kept running right into the red, thanks in large part to him doing a complete about-face on all the progress Clinton brought.
The Dot Com bubble was a result of a complete lack of a regulated market coupled with low and stable oil prices. The government had no clue how to regulate internet business, and to this day still does not. As such there were dozens of lawsuits, supreme court rulings, and makeshift bills in the 90s trying to put limits on the industry.
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