Originally Posted By: Frank_Nitti
Clinton followed their suggestions in 1997 when the Republican Senate initiated the pro growth capital gains tax cut and this led to the boom of the late 90's. It's a common misconception that Clinton' tax hikes in the early 90's led to the later boom but this theory has been proven inadequate. The economy boomed in the late 90's in large part due to the Republican initiated tax cuts and remained so until Sept 11 2001.

Your grasp for revisionist history is astounding, Frank tongue.

I'm a Democrat who didn't even like the Clintons from Day One, but give me a break. There might be some evidence that the economic downturn started during the second half of Clinton's second term, but there's no denying the fact that the deficit that Clinton inherited in '92 (when I voted against him), was all but gone by late '96 (when I voted for him).


"I got news for you. If it wasn't for the toilet, there would be no books." --- George Costanza.