The American Empire in a Changing World


Saturday, October 13, 2012

'' Clinton's Legacy: The Financial and Housing Meltdown''

From The New American

''Bill Clinton is certainly full of himself these days. That might have something to do with the fact that no one is likely to ask why he hasn’t owned up to his share of the blame for the housing and financial bust.

The former president is treated like an elder statesman whose tenure in office was so good that even some Republicans look back fondly on it. On the surface his economic record looks good, but it would be rash to credit Clinton. During his time in office the information revolution took off, boosting productivity and economic growth. And when his Democratic Party lost control of Congress in 1992, Clinton had to accept spending restraints, which meant less government obstruction to economic growth.''

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