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Clinton raised the top marginal tax rate from 31 percent to 39.6 percent. Contrary to the apocalyptic predictions forwarded from the Austrian school, the U.S. economy sustained the longest period of growth in U.S. history from 1992 to 2000. Clinton produced a historical high of 21 million new jobs.
Interest-rates fell by 40 percent, facilitating the greatest housing boom in history; inflation fell to 2.5 percent, halving the average of the previous 12 years; and the largest budget surplus in history, $128 billion, was created despite Reagan’s mammoth deficits.
Are you trying to argue that raising taxes brings prosperity? Clinton was the beneficiary of the tech bubble. By the way Reagan's deficits were puny compare to Obama's.
You do realize the housing bubble also started in the Clinton administration, you certainly don't want to point to the housing boom as a positive, it clearly was a bubble.
Are you trying to argue that raising taxes brings prosperity? Clinton was the beneficiary of the tech bubble. By the way Reagan's deficits were puny compare to Obama's.
You do realize the housing bubble also started in the Clinton administration, you certainly don't want to point to the housing boom as a positive, it clearly was a bubble.
No... the housing bubble started in 2006... by sub-prime lending... during the Bush years...
I gave you links to the federal treasury, you havent replied to those either yet. Whats the matter, the national debt controlled by right wing bloggers also?
p.s. those charts were also drawn up using data from the CBO, a very source YOU quoted just earlier.. I see.. one of these with you..
What a terrible way to live a life.. Not wanting to learn the truth because it doesnt fit into your preconceived notion...
Love these arguments, one person povides facts and figures, the other guy says they are lies becaue he doesn't like the source, he can't refute any of the data simply doesn't like the source. Smells like willful ignorance to me.
Love these arguments, one person povides facts and figures, the other guy says they are lies becaue he doesn't like the source, he can't refute any of the data simply doesn't like the source. Smells like willful ignorance to me.
I already made posts with factual links on other threads from legit news sources... now this person is piggybacking my threads with teabagger blogs... Nice try...
Clinton raised the top marginal tax rate from 31 percent to 39.6 percent. Contrary to the apocalyptic predictions forwarded from the Austrian school, the U.S. economy sustained the longest period of growth in U.S. history from 1992 to 2000. Clinton produced a historical high of 21 million new jobs.
The population of the United States increased by 25 million people from 1992-2000. That is births, immigrants and illegal aliens.
If 21 million jobs were "created" then there must have been a lot of child labor going on here because otherwise there weren't enough warm bodies to fill them.
Do people even know how the feds come up with "created" jobs figure? It's laughable and a complete lie.
The population of the United States increased by 25 million people from 1992-2000. That is births, immigrants and illegal aliens.
If 21 million jobs were "created" then there must have been a lot of child labor going on here because otherwise there weren't enough warm bodies to fill them.
Do people even know how the feds come up with "created" jobs figure? It's laughable and a complete lie.
Gee... Unemployment goes from 4% under Clinton to 10% Unemployment at the end of Bush 2...
No... the housing bubble started in 2006... by sub-prime lending... during the Bush years...
No, that's when it started to collapse. It can be inferred that it started sometime in the late 90's:
Housing Bubble Graphs: Charts of inflation-adjusted, historical home prices. (http://mysite.verizon.net/vzeqrguz/housingbubble/ - broken link)
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