Monday, January 15, 2018

Bill Clinton approval

President Clinton is remembered for a good economy. During the years he was in office, 1993 to 2001 the GDP averaged 4%. During those same years the country saw the dot com bubble. The Nasdaq which is loaded with tech stocks went from 1,000 to 5,000 and back to 1,500. It then took 12 years to get back to 5,000. Tax revenues doubled from one trillion to two trillion during the Clinton years. During these years spending was held to the lowest increase in years and the result was a balanced budget. In years past when revenues increased congress spent those new dollars on new programs but during the Clinton years they resisted the temptation. Clinton finished his second term with a 65% approval rating.

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