Quote:
Originally posted by jimmyf
This should be very easy for you. Please name three (3) things Bill Clinton did for the economy just three (3).
|
Here's 3, name ONE thing Bush has done except cut taxes which we have seen doesnt do shit.
1. 1996 - Telecommunications Reform Act.
Among other things created competition in the telco industry forcing them to reengineer and upgrade their network facilities which in turn created more/better internet backbones and data facilities which set the stage for the Internet explosion.
2. Minimum wage increase.
Raised minimum wage in 1996 from $4.25 to $5.15 even though Republicans argued raising the minimum wage would cause unemployment. 3 years later the unemployment rate was the lowest it had been in 30 years at 4.2 %.
3. Welfare Reform.
Aspects included funds for new job training and for day care which
helped welfare recipients become more employable, and to actually have the ability to work without abandoning their kids.
This doesnt include balancing the budget, ratifying NAFTA, etc and the fact that people felt confident investing in a Clinton economy.