Dad2three
Gold Member
So you've got an Administration actively working to STOP something from happening...yet you want to give them credit for the increase in oil and natural gas production that occurred BECAUSE of fracking?
The libturds have never answered this question. They also gave Clinton credit for the internet boom, but they can't explain what he did to foster it.
"Clinton's 1993 budget cuts, which reduced projected red ink by more than $400 billion over five years, sparked a major drop in interest rates that helped boost investment in all the equipment and systems that brought forth the New Age economy of technological innovation and rising productivity."
— Business Week, May 19, 1997
One of the reasons Goldman Sachs cites for the "best economy ever" is that "on the policy side, trade, fiscal, and monetary policies have been excellent, working in ways that have facilitated growth without inflation. The Clinton Administration has worked to liberalize trade and has used any revenue windfalls to reduce the federal budget deficit."
— Goldman Sachs, March 1998
The only problem with your quotes is that Clinton didn't cut the budget. He demanded that every budget the Republicans in Congress submitted to him be increased.
Got it, you can't be honest once
ONCE MORE BUBBA:
"Clinton's 1993 (DEM party without ONE GOP vote) budget cuts, which reduced projected red ink by more than $400 billion over five years, sparked a major drop in interest rates that helped boost investment in all the equipment and systems that brought forth the New Age economy of technological innovation and rising productivity."
— Business Week, May 19, 1997
"The deficit has come down, and I give the Clinton Administration and President Clinton himself a lot of credit for that. [He] did something about it, fast. And I think we are seeing some benefits." — Paul Volcker, Federal Reserve Board Chairman (1979-1987), in Audacity, Fall 1994
The package features a four-year, $493 billion plan evenly divided between tax increases and spending cuts, including a freeze on the pay of federal workers next year and lower raises than scheduled in the following years.
Two-thirds of the money is to go to deficit reduction – bringing the deficit in 1997 down $140 billion from current projections – and the rest to about $160 billion in new spending that Clinton describes as investment. Clinton also is calling for an immediate $30 billion stimulus program to help create jobs in the short run.
Washingtonpost.com Asking American to Face Facts Clinton Presents Plan to Raise Taxes Cut Deficit
EVERY GOPer VOTED AGAINST IT AND MANY SAID IT WOULD LEAD TO A RECESSION, LOL