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  Topic: Why Obama Can’t Bring Back
the 90s Economic Boom
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Why Obama Can’t Bring Back
the 90s Economic Boom

Fiscal Times, by Josh Boak

Original Article

Posted By:StormCnter, 12/7/2012 5:28:04 AM

When selling his tax hikes to the public, President Obama often advertises the economic gravy train that chugged through the Clinton-era as proof that higher taxes won’t derail growth. Bill Clinton in 1993 raised top marginal rates on the wealthiest to 39.6 percent, the same level Obama wants to restore them to as part of the fiscal cliff talks with congressional Republicans. The administration’s nuanced argument—backed by a spate of economic studies—is that the economy can easily weather the increase, but statements from Obama and his deputies occasionally insinuate that boom times will

      


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Reply 1 - Posted by: Spidey, 12/7/2012 6:03:30 AM     (No. 9053040)

People will never understand that the tech boom is what got Clinton through the 90´s not his stupid tax increase.Clinton survived in spite of the tax increase not because of it. But he liberals are always taking coincidences and converting them to some sort of scientific proof.Using superstorm sandy is the latest excuse for the climate alarmers to go nuts.

Clinton wasn´t anti buiness and anti white people getting ahead like Obama is and that´s why the economy is failing.Obama is using virtual drone attacks to target successful white republicans who he considers the enemy and who needs to be punished. Why would a president even say another American needs to be punished to begin with.
Crime is running rampant in this country and you don´t hear a peep from Obama about those people needing to be punished. Once again boy scouts are being robbed of christmas tree money.Farmers are having their hay stolen. Workplace theft of copper along with other construction material.

Obamacare premiums are an anywhere,anytime tax increase without it going through congress.

Lowering capital gains and welfare reform created a flood of revenue in the late 90´s and they were republican initiatives,not Clintons.Things like a 100,000 cops was a Dick Morris invention during triangulating,stealing republican concepts.

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Reply 2 - Posted by: Chuzzles, 12/7/2012 6:04:43 AM     (No. 9053041)

When enough people will admit to the truth that what Clinton benefitted from was actually the REAGAN era economic boom, then maybe we will get somewhere. Problem is as I see it is that libs prefer to go for the short term solution, ergo they call it Clinton, not Reagan. Clinton really did nothing except sell our secret stuff to the Chicoms for campaign money, and filthy up our WH among other things.

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Reply 3 - Posted by: Blue-Z-Anna, 12/7/2012 7:04:18 AM     (No. 9053087)

When the "House" starts changing the rules in it´s favor the smart money pulls out.

When they start picking the winners and losers the smart money finds a new game or just waits for the rule of law to return.

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Reply 4 - Posted by: msjena, 12/7/2012 7:28:18 AM     (No. 9053117)

The economy stagnated during Clinton´s first term. He didn´t even get 50% of the vote in 1996. Spending cuts by the Republican Congress and the capital gains tax cut are what stimulated the economy, not tax increases.

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Reply 5 - Posted by: god of irony, 12/7/2012 7:31:20 AM     (No. 9053121)

We where in a recession when Clinton left office.

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Reply 6 - Posted by: RCFlyer98, 12/7/2012 7:33:20 AM     (No. 9053127)

Clinton was there at the right time. The buffoon has been "lucky" nearly all of his life. He had very little to do with the economic situation at the time, he just rode the boom for all that it was worth. He is a liar, philanderer of the first order, that pretty much sums it up IMHO.

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Reply 7 - Posted by: reilly, 12/7/2012 7:44:47 AM     (No. 9053141)


These fleas were still riding on Ronald Reagan´s dog.


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Reply 8 - Posted by: ROLFnader, 12/7/2012 7:52:18 AM     (No. 9053156)

One thing that has always baffled me is why the GOP has never refuted the ´ Clinton Surplus´ myth. The drones would have us believe that it was stored in a building in DC; managed by Scrooge McDuck with security provided by the Beagle Boys. Liberal historians ,aka the MSM, have conveniently dropped the word ´projected´ when mentioning the stash that Geo W Bush squandered on two wars.

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Reply 9 - Posted by: stablemoney, 12/7/2012 9:51:31 AM     (No. 9053389)

I see a bunch of lying excuses from losers and failures. The economy has always before Obama, but isn´t now because Obama has spent the country into bankruptcy and grown the government to such an extent that it takes everything, so there is no money for growth. The only thing Obama´s liars say that is true is that they can´t do it. That is true, they can´t do anything but ruin this country.

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Reply 10 - Posted by: Mike43, 12/7/2012 11:27:26 AM     (No. 9053626)

But but Sheila Jackson Lee said the surplus was 5.6 trillion dollars.

Why shouldn´t we believe these folks.

Poor Dems; once again proving their inability to do dynamic analysis, and correlation.

But hey, math is hard.

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