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As matter of fact yes I want to go back to the Clinton years
Clinton 1993 – 2000
Average Annual Increase in Real Private Fixed Investment – 8.775%
Bush 2001 – 2008
Average Annual Increase in Real Private Fixed Investment – 0.624%
IN the Clinton years there was actually investment in the economy. In the Bush years not so much.
Average quarterly GDP change year over year
Clinton - 3.869%
Bush - 2.1%
The payoff in investment is usually better economic growth. GDP growth was definitely better in the Clinton years.
The payoff in economic growth is that federal tax revenue increases at much higher rates without cutting taxes
Historical Tax Revenue
George W. Bush Jr.
All figures are trillions of dollars
2001 - $1.9911
2008 - $2.5240
Increase from beginning to end of term: 26.56%
Highest Marginal Tax Rate 2003 -39.6%
Lowest Marginal Tax Rate 2004 -35%
Bill Clinton
1993 - $1.1543 trillion
2000 - $2.0252 trillion
Increase - 75.43%
Highest Marginal Tax Rate - 39.6%
The rate of federal tax revenue increases was THREE TIME HIGHER DURING THE CLINTION ADMINSTRATION. These increases in tax revenue lead to lower deficits. From 1998 to 2000 the Clinton Administration took in more tax revenue than the government spent. WHY WOULDN'T YOU WANT THAT?
All this economic growth under the Clinton Administration led to job creation. More jobs were created under the Clinton Administration than any two term presidential administration post World War II. There were fewer jobs created under the Bush 43 Administration than any other post World War II presidential administration.
The economic growth and job creation during the Clinton Administration reduced the number of living below the poverty level. The number of Americans living below the poverty level increase during the Bush 43 Administration.
Bush 43
Americans Below The Poverty Level
2001 - 32.907 million 2008 - 39.829 million - increase 21.04%
Overall Population Growth
2001 - 281.475 million 2008 - 301.041 million - increase 6.95%
During the Bush 43 Administration poverty INCREASED three times faster than rate of population growth.
Clinton
Americans Below The Poverty Level
1993 - 39.265 million 2000 - 31.581 million - decrease 19.57%
The number of Americans living below the poverty level DECREASED by 19.57% under the Clinton Administration. The number of Americans living below the poverty level INCREASED by 21.04% under the Bush Administration.
In terms of Average Annual Increase in Real Private Fixed Investment
Overall Percentage Increase of Federal Tax Revenue
Average Quarterly GDP Growth Year Over Year
Job Creation
Percentage Increase of Americans Living Below the Poverty Level
The Clinton Administartion outperformed the Bush 43 Administation.
Not only that IN ALL THESE AREAS THE RECORD OF THE BUSH 43 ADMINISTRATION WAS THE WORST POST WORLD WAR II PRESIDENTIAL ADMINISTRATON.
LOL, in the Clinton administration we had a huge tech bubble.
Exactly right. Look, the Bush tax cuts were classic trickle down economics, but it did not work. the Bush tax cuts were hailed as job creators, but in the end while he was President, jobs were increased in total only 2.3% or only 375,000 jobs a year. The average for Clinton was 2,900,000 per year. It has left us with massive debts and nothing to show for it.
Actually under the Bush 43 Adminstration "Tricke Down Economics" become "Gusher Out Economics" as investment in the United States came to a crawl and investement in emergoing market nations skyrocketed.
You need to do a bit of research on the origins of Bush's so-called "tax cuts". And you are correct. SPENDING is the problem, and I can't figure out how you missed the fact that the "tax cuts" are GOVERNMENT SPENDING since there isn't enough income to handle the committments already.
Do you run your own business this way? Lord, I hope you are smarter than this in person...
So you are for raising taxes on the middle class? You do understand they cost $3.1 trillion right? Right? Please tell me you know this...........
As matter of fact yes I want to go back to the Clinton years
Clinton 1993 – 2000
Average Annual Increase in Real Private Fixed Investment – 8.775%
Bush 2001 – 2008
Average Annual Increase in Real Private Fixed Investment – 0.624%
IN the Clinton years there was actually investment in the economy. In the Bush years not so much.
Average quarterly GDP change year over year
Clinton - 3.869%
Bush - 2.1%
The payoff in investment is usually better economic growth. GDP growth was definitely better in the Clinton years.
The payoff in economic growth is that federal tax revenue increases at much higher rates without cutting taxes
Historical Tax Revenue
George W. Bush Jr.
All figures are trillions of dollars
2001 - $1.9911
2008 - $2.5240
Increase from beginning to end of term: 26.56%
Highest Marginal Tax Rate 2003 -39.6%
Lowest Marginal Tax Rate 2004 -35%
Bill Clinton
1993 - $1.1543 trillion
2000 - $2.0252 trillion
Increase - 75.43%
Highest Marginal Tax Rate - 39.6%
The rate of federal tax revenue increases was THREE TIME HIGHER DURING THE CLINTION ADMINSTRATION. These increases in tax revenue lead to lower deficits. From 1998 to 2000 the Clinton Administration took in more tax revenue than the government spent. WHY WOULDN'T YOU WANT THAT?
All this economic growth under the Clinton Administration led to job creation. More jobs were created under the Clinton Administration than any two term presidential administration post World War II. There were fewer jobs created under the Bush 43 Administration than any other post World War II presidential administration.
The economic growth and job creation during the Clinton Administration reduced the number of Americans living below the poverty level. The number of Americans living below the poverty level increased during the Bush 43 Administration.
Bush 43
Americans Below The Poverty Level
2001 - 32.907 million 2008 - 39.829 million - increase 21.04%
Overall Population Growth
2001 - 281.475 million 2008 - 301.041 million - increase 6.95%
During the Bush 43 Administration poverty INCREASED three times faster than rate of population growth.
Clinton
Americans Below The Poverty Level
1993 - 39.265 million 2000 - 31.581 million - decrease 19.57%
The number of Americans living below the poverty level DECREASED by 19.57% under the Clinton Administration. The number of Americans living below the poverty level INCREASED by 21.04% under the Bush Administration.
In terms of
Average Annual Increase in Real Private Fixed Investment
Overall Percentage Increase of Federal Tax Revenue
Average Quarterly GDP Growth Year Over Year
Job Creation
Percentage Increase of Americans Living Below the Poverty Level
The Clinton Administartion outperformed the Bush 43 Administation.
Not only that IN ALL THESE AREAS THE RECORD OF THE BUSH 43 ADMINISTRATION WAS THE WORST POST WORLD WAR II PRESIDENTIAL ADMINISTRATON.
You keep posting the same old bs over and over again, as if you havent been schooled on this before..
Again, if you increased the tax rate to 100%, the federal tax revenue would go up 500%.. Are you telling me that this means economic prosperity even though you have no money to eat and pay your mortgage?
And the definition of poverty increased 30% more under Bush because the economy was so much better, similar to the definition of poverty decreasing now under Obama for the first time ever.. Are you telling me we are better off now then during the Clinton years because the poverty income limits are going down?
Federal revenue is NOT an indication of the economy.. stop posting the same old ridiculous crap because I'm getting tired of embarrassing you.
Actually under the Bush 43 Adminstration "Tricke Down Economics" become "Gusher Out Economics" as investment in the United States came to a crawl and investement in emergoing market nations skyrocketed.
And yet we had 52 months of economic growth and 10,200,00 new jobs.. Explain how investment came to a crawl and we still had economic growth and new jobs?
LOL, in the Clinton administration we had a huge tech bubble.
The technical innovation and new products and markets created during the Clinton Administration drove solid economic growth that saw Americans of all income levels benefit. The Clinton Administration created more jobs and reduced poverty and government debt far better than anything the Bush 43 Administration every did.
Companies like Amazon, and Google are still around and are in fact multi-billion dollar corporations that employee thousands of people.
Compared that to the Bush 43 Administration where major financial institutions imploded and needed billions of dollars in government bailouts. Instead of investing and building new products and services capital was allocated to buy houses and package mortgages into mortgage backed securities, collateralized debt obligation, and credit default swaps. The only people that really benefited duing the Bush years were investors, speculators and major corporations. The Bush 43 Administration tried to turn America into a "Charge Your Credit Cards and Buy A house economy" Look where that got this country?
And yet we had 52 months of economic growth and 10,200,00 new jobs.. Explain how investment came to a crawl and we still had economic growth and new jobs?
During the Bush 43 Administration you had year over year quarterly GDP growth at 4% or greater TWICE in the entire time Bush Jr. was in office. During the Clinton Administration you had you had year over year quarterly GDP growth at 4% or greater TWENTY TIMES!
The only thing arguing the merits of the economic growth of the Clinton Adminstarion versus the Bush 43 Administration does is insult your own intelligence.
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