The “Clinton Boom” and “Obama Recovery”

800px-Barack_Obama_and_Bill_ClintonI really am tired of hearing Leftist commentators and Democrats say the economy boomed after President Clinton raised taxes in the 90s – as though the tax increases caused it – or at least permitted it.
 
The economy boomed during Clinton’s presidency because of the unprecedented breakthroughs and marketing of new technologies – computers, cell phones, dotcom businesses and communications, Y2K programming and software purchases, and unparalleled free-trade with its flood of cheap, affordable products.
 
In addition, the Clinton boom followed the Reagan Revolution, the Republican takeover of Congress, and Gingrich’s “Contract with America” – with its related spending cuts and welfare rationalization.
 
The facts are, higher taxes take money out of the hands of consumers and businesses and reduce their spending and investing. Similarly, an entitlement oriented government – spending more than it can afford – will only inhibit economic growth and job creation.

Obama’s notion that a recovery will be driven from the bottom up is naïve, unproven, and illogical.  Without a significant change in his economic, no-growth, entitlement strategy, America is in for four more years of stagnation at best. This is most unfortunate because rapid growth is the only thing that can save the American-Way . . . The American Prosperity Machine.

The slow growth, Obama alternative is higher taxes, more debt and deficits, more borrowing, more printed money, higher inflation, authoritarian centralized government control, and de facto bankruptcy.

About the author: William Pauwels

William A. Pauwels, Sr. was born in Jackson Michigan to a Belgian, immigrant, entrepreneurial family. Bill is a graduate of the University of Notre Dame and served in executive and/or leadership positions at Thomson Industries, Inc., Dow Corning, Loctite and Sherwin-Williams. He is currently CIO of Pauwels Private Investment Practice. He's been commenting on matters political/economic/philosophical since 1980.

View all articles by William Pauwels
  • Randy131

    All in this article is true and verifiable, but none more than the last sentence and especially the last word, which is prophetic. Only ‘Common Sense, understands this, while ‘Political Correctness’ denies it, yet ‘Time’ will tell which is correct, and a very short ‘Time’ at that, for this economy and nation will not endure another 4 years of Obama’s failed policies. The only thing Obama knows how to do is live like a King, for you can compare his extravagance in the way he lives to all the other Presidents, and none can compare to Obama’s, which is similar to the King of France when Marie Antoinette declared ‘Let them eat cake’ when asked about the citizens of France starving while she and the King lived so extravagantly, just as Obama and Michelle are doing while Americans have lost their jobs and the homes, and can only exist and subsist on food stamps, welfare, unemployment benefits, and asking to be put on the disability rolls, for this has been the record of the Obama Presidency. What I want to know is where is the righteous indignation and outrageousness of the American people, while the Obamas live such an indulgent, extravagant, and luxurious life style, while perpetrating such a pervasively destitute and poverty stricken life style on the American people, through the proven failed policies of Obama’s application of Keynesian theories?

  • $29077531

    If it wasn’t for Newt and the Boys. making the case and Clinton knowing he had no choice.. there would never had been any kind of Clinton “Boom” thats a fact.. but the MSM bends and twists it all because the typical American is too ignorant to check out the facts themselves.. too busy trying to make a living because our current king is too busy having a good a time and making life easier for his people ! not all the people.
    I am not complaining but as he said “He’s making a list and checking it twice” “going to see who s’ been naughty and nice” Obamaclause is going to make sure that his giveaways continue. His good little elves , you know,” the hard working ones that pay all the taxes in this country and try to make the country work”.. Obamaclause is so lucky to have his elves.. But he is about to kill them all off. He won’t see it till next Christmas.. but the pain will hit all of his elves and then Jolly Obamaclause will be the happiest one around.. His big wish for an America thats a third world nation just like the rest of the planet will have come true.. End of the story. End of America. I pity the rest of the world when America is no longer around to bail it out !!

  • http://www.facebook.com/barbjeanpatton Barb Patton

    We are on the cusp of the time factor with regard to being able re revive from the devastation….

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