Author Topic: HOLY CRAP! Obama is simply mirroring the 1993 Clinton Economic plan (Read 2640 times)

240 is Back · « **on:** February 16, 2009, 07:13:11 PM »

In his first year in Office, this is what Bill Clinton did.
Back then it was only a $30 billion stimulus package, but when you factor in the weakening of the dollar and the gravity of a ten trillion dollar debt, maybe Obama's $800 billion plan isn't that much different. Let's see what Clinton did, and how it affected us...

CREATING ECONOMIC OPPORTUNITY AND SECURITY FOR ALL AMERICANS
Signed the Economic Package, August 10, 1993.
The economy created 7.7 million new jobs in the first 34 months of this Administration.
Passed the largest deficit-cutting plan in history -- saving more than $1 trillion over seven years.
On track for three consecutive years of deficit reduction -- for the first time since Harry Truman.
Cut federal spending by $255 billion over 5 years.
Made new tax cuts available to over 90% of small businesses.
Unemployment has fallen from 7% when President Clinton took office to its current rate of 5.6%
Lowest combined rate of unemployment and inflation since 1968.
1994 real GDP growth was the highest in a decade.
Proposed a plan to balance the budget while protecting critical investments in education.

PROMOTING A FUTURE OF OPPORTUNITY
Increased Head Start funding by almost $760 million.
Passed the Student Loan Reform Act, August 10, 1993.
Implemented the National Service Act, September 21, 1993.
Signed the Goals 2000: Educate America Act, March 31, 1994.
Enacted the School-to-Work Opportunities Act on May 4, 1994.
Signed the Elementary and Secondary Education Act Reauthorization

240 is Back · « **Reply #1 on:** February 16, 2009, 07:19:26 PM »

Under President Clinton's leadership, almost 6 million new jobs were created in the first two years of his Administration -- an average of 250,000 new jobs every month.

In 1994, the economy had the lowest combination of unemployment and inflation in 25 years.

As part of the 1993 Economic Plan, President Clinton cut taxes on 15 million low-income families and made tax cuts available to 90 percent of small businesses, while raising taxes on just 1.2 percent of the wealthiest taxpayers.

President Clinton signed into law the largest deficit reduction plan in history, resulting in over $600 billion in deficit reduction. The deficit is going down for 3 years in a row for the first time since Harry Truman was president.

April 22, 1993. Senate Republicans stoppeded President Clinton's economic stimulus plan.

He brought back a new version in the summer which did pass, and lo and behold, it was fuckin grand for the economy. Unemployment when Clinton took office was 7%. He dropped it to 5.6%

What is it today?

War-Horse · « **Reply #2 on:** February 16, 2009, 07:29:01 PM »

Thank GOD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Someone proven to have results!!!!!!!!!!!!!!!!!!!!!!!!!!! FREE AT LAST, FREE AT LAST, LORD ALMIGHTY, FREE AT LAST!!!!!!!!!!!!!!!!!!!

240 is Back · « **Reply #3 on:** February 16, 2009, 10:06:59 PM »

It's cyclical.

The next repub president will cut obama's social programs, and the middle class will shrink again.

Then, after a repub rules from 2016 til 2024, a dem will inherit high unemployment and will introduce... drum roll please.... another stimulus bill.

grab an umbrella · « **Reply #4 on:** February 16, 2009, 10:20:03 PM »

Quote from: 240 is Back on February 16, 2009, 10:06:59 PM

It's cyclical.

The next repub president will cut obama's social programs, and the middle class will shrink again.

Then, after a repub rules from 2016 til 2024, a dem will inherit high unemployment and will introduce... drum roll please.... another stimulus bill.

240, do you remember what the dotcom boom was. Clinton did nothing to create it, and thats what got us out of the recession that started during the end of Bush 1's term.

240 is Back · « **Reply #5 on:** February 17, 2009, 03:41:42 AM »

Signed the Economic Package, August 10, 1993.
The economy created 7.7 million new jobs in the first 34 months of this Administration.

Was it the dot-com boom in 1993-1994 that you are crediting?

Because Wiki says that the dot-com monster didn't arrive until 95 at the earliest.
The "dot-com bubble" (or sometimes the "I.T. bubble"[1]) was a speculative bubble covering roughly 1995–2001 (with a climax on March 10, 2000

headhuntersix · « **Reply #6 on:** February 17, 2009, 06:58:41 AM »

Cut federal spending by $255 billion over 5 years.
Made new tax cuts available to over 90% of small businesses.

Yeah Barry isn't doing this......

Grape Ape · « **Reply #7 on:** February 17, 2009, 07:31:54 AM »

Quote from: grab an umbrella on February 16, 2009, 10:20:03 PM

240, do you remember what the dotcom boom was. Clinton did nothing to create it, and thats what got us out of the recession that started during the end of Bush 1's term.

I've made this point to him on multiple occasions. It falls on deaf ears.

Clinton's term fell on a time with little to no military spending, and the arrival of the internet. It was all just timing.

Bindare_Dundat · « **Reply #8 on:** February 17, 2009, 07:38:12 AM »

The "superbacon and sausage bill" is doing wonders this morning.

240 is Back · « **Reply #9 on:** February 17, 2009, 09:12:49 AM »

Quote from: Grape Ape on February 17, 2009, 07:31:54 AM

I've made this point to him on multiple occasions. It falls on deaf ears.

Quote from: 240 is Back on February 17, 2009, 03:41:42 AM

Signed the Economic Package, August 10, 1993.
The economy created 7.7 million new jobs in the first 34 months of this Administration.

Was it the dot-com boom in 1993-1994 that you are crediting?

Because Wiki says that the dot-com monster didn't arrive until 95 at the earliest.
The "dot-com bubble" (or sometimes the "I.T. bubble"[1]) was a speculative bubble covering roughly 1995–2001 (with a climax on March 10, 2000

War-Horse · « **Reply #10 on:** February 17, 2009, 09:40:47 AM »

results talk. bullshit excuses walk. Republicans are greedy bastards that thought "trickle down" would work, ......it doesnt and now its proven.

headhuntersix · « **Reply #11 on:** February 17, 2009, 09:43:02 AM »

Yeah..I must have missed the 80's and 90's..worked ok then. I know I didn't miss the fact that socialism doesn't either.

Soul Crusher · « **Reply #12 on:** February 17, 2009, 09:46:09 AM »

Quote from: War-Horse on February 17, 2009, 09:40:47 AM

results talk. bullshit excuses walk. Republicans are greedy bastards that thought "trickle down" would work, ......it doesnt and now its proven.

Geithner - tax cheat
Rangle - tax cheat
Daschel - tax cheat
Panetta - $1,000,000 for speaking fees to groups with business before the CIA
Blago - nuff said
Clinton - millions from the saudi's for speeches.
Richardson - grand jury for pay for play.
Cold Cash Jefferson - Bribery

You want more?

?

headhuntersix · « **Reply #13 on:** February 17, 2009, 09:48:04 AM »

He'll dig up some crap and on it will go..but trying to deny the fact that Carter and the libs began the housing bubble...or that Frank and ACORN continued it, are failed attempts at revisionist history.

War-Horse · « **Reply #14 on:** February 17, 2009, 09:53:34 AM »

Quote from: 333386 on February 17, 2009, 09:46:09 AM

Geithner - tax cheat
Rangle - tax cheat
Daschel - tax cheat
Panetta - $1,000,000 for speaking fees to groups with business before the CIA
Blago - nuff said
Clinton - millions from the saudi's for speeches.
Richardson - grand jury for pay for play.
Cold Cash Jefferson - Bribery

You want more??

Theres not ONE politician that doesnt have some dirt on them. Like i said, look at results......thats where the facts are.

BM OUT · « **Reply #15 on:** February 17, 2009, 10:22:49 AM »

Quote from: War-Horse on February 17, 2009, 09:40:47 AM

results talk. bullshit excuses walk. Republicans are greedy bastards that thought "trickle down" would work, ......it doesnt and now its proven.

Really?It didnt work?Compare the Reagan years to the Clinton years.Its not close.The economy was far better under Reagan.Revenues to the government were HIGHER under Reagan.Yeah,the republicans really sucked.7 good years under Bush.Perhaps if the dumb ass democrats,didnt force banks to give loans to scum bags that cou;ldnt pay it back,the housing market wouldnt have collapsed.However,typical dems,they love the poor and hate those that produce.

headhuntersix · « **Reply #16 on:** February 17, 2009, 10:51:29 AM »

Despite the fact that Billy's sorta rambling, he's also sorta correct. Trace the community reinvestment act and its successors and then tell me who fucked up. Once the banks agreed to do this and began to sell bad loans and create products to offset the impending crisis, its on them as well. But u can't force bad loans on banks, which goes against their business model, and expect that this crap won't happen.

JOCKTHEGLIDE · « **Reply #17 on:** February 17, 2009, 03:46:54 PM »

Quote from: grab an umbrella on February 16, 2009, 10:20:03 PM

240, do you remember what the dotcom boom was. Clinton did nothing to create it, and thats what got us out of the recession that started during the end of Bush 1's term.

clinton believed in computers carried a high end laptop around during his presidency, desktop in a office (unknown secret), stimulated the tech boom with money in stimuls to help tech companies progress, nuff said,,,,,,

headhuntersix · « **Reply #18 on:** February 17, 2009, 03:53:26 PM »

Clinton used a computer ergo Clinton invented computers and the dot.com revolution...supplied by the inventor of the internet AlGore.

Option D · « **Reply #19 on:** February 17, 2009, 03:54:10 PM »

Quote from: BILLY MIMNAUGH on February 17, 2009, 10:22:49 AM

Really?It didnt work?Compare the Reagan years to the Clinton years.Its not close.The economy was far better under Reagan.Revenues to the government were HIGHER under Reagan.Yeah,the republicans really sucked.7 good years under Bush.Perhaps if the dumb ass democrats,didnt force banks to give loans to scum bags that cou;ldnt pay it back,the housing market wouldnt have collapsed.However,typical dems,they love the poor and hate those that produce.

yeah i dont know

headhuntersix · « **Reply #20 on:** February 17, 2009, 03:57:43 PM »

Yeah the period of time..IE the cold war hand nothing to do with it either. Clinton saved billions by speeding up the dismantling of the Cold war military not to mention all that went with it. Reagan had to actually almost start from scratch with what we had in 1980.

Hedgehog · « **Reply #21 on:** February 17, 2009, 04:15:48 PM »

Quote from: BILLY MIMNAUGH on February 17, 2009, 10:22:49 AM

Really?It didnt work?Compare the Reagan years to the Clinton years.Its not close.The economy was far better under Reagan.Revenues to the government were HIGHER under Reagan.Yeah,the republicans really sucked.7 good years under Bush.

I'm sorry, but You're wrong about Reagan.

He ran a big budget deficit every year he was a president.

That means he spent more money than he took in.

So did Bush BTW.

Bush failed to balance a single budget.
I don't see how that could be considered 'good years'.

Serious question: Do you have any idea of how much debt Reagan put USA in?

shootfighter1 · « **Reply #22 on:** February 17, 2009, 04:22:33 PM »

Bush and budgets = Failure. Looks like Obama will follow in those footsteps. Obama is not mirroring Clinton.

War-Horse · « **Reply #23 on:** February 17, 2009, 04:29:59 PM »

I remember in the early 80's people were paying 12-17% interest on their home loans. Inflation was insane.

That fiscal conservative cartoon of big-mals.....says it all.

BTW. All you obama haters, are you prepared to give him props if his plan starts working......or will you still gargle limbaughs ball's all day? Wonder where a year will bring us and if youll stop your bi-partisan crying.

240 is Back · « **Reply #24 on:** February 17, 2009, 05:01:22 PM »

Quote from: War-Horse on February 17, 2009, 04:29:59 PM

BTW. All you obama haters, are you prepared to give him props if his plan starts working......or will you still gargle limbaughs ball's all day? Wonder where a year will bring us and if youll stop your bi-partisan crying.

they will say we succeeded IN SPITE of obama's plan. Watch.