Help me with a freeper please! How did clinton help create jobs?

[YEM]

Anyone have a good answer for this? I need a quick answer. Did Clinton do anything that helped Job creation?

[thinkingwoman]

1. by cleaning up the country's finances

Businesses are eager to hire when demand increases. Demand increases when consumers feel comfortable spending what they have. Consumers feel comfortable spending what they have when they believe their job is secure and they're likely to make more in the future.

Note the circle? It either spirals upwards with hope or downwards with despair but it is the same circle.

Clinton influenced the circle by infusing it with hope, which was generated by fiscal responsibility at the top for the first time in decades.

It worked. It will work again.

[Warpy]

9. Basically, he jacked up taxes on the rich

and created more revenues, which took government pressure off the money supply and freed it up for private enterprise. Companies started up, expanded, and otherwise managed to create jobs. A jobs boom, even though the pay didn't increase, created a spending boom in the consumer marketplace that makes up 2/3 of the economy, and the demand for increased goods and services created even more jobs.

THAT is how he did it, that tax hike on the rich. That's how Kerry will do it, too, as he's already said.

The dirty secret in Washington is that everybody knows the only way to keep this country solvent is to force the rich and the coporate to pay their fair share. It flies in the face of right wing dogma, though, so they will never do it.

[thinkingwoman]

17. but was it a tax increase

or was it that he repealed or let lapse tax cuts that had been stupidly put in place?

(I'm asking because I seriously don't remember...I wasn't as politically aware back then.)

[crispini]

2. He started his term with an aggresive

effort to cut the federal deficit, targeted with domestic programs in specific areas designed to enhance job creation. Wish I was at home, I'd give you plenty of excerpts from "My Life" about his first 100 days program.

Fact is nowadays Democrats are the good stewards of fiscal responsibility, not Republicans. And a large federal deficit means higher unemployment due to its strain on the economy. Too much $$$ going into debt service when deficit is high... it's like throwing away money.

[Jack from Charlotte]

15. Correct. And by displaying fiscal toughness the bond market soared...

(Bonds up mean interest rates down) Interest rate plunged. People refinanced houses and bought new houses at a record pace. Lower interest rates meant car sales soared, too. Lower interest rate meant business could borrow and hence expand for very little interest expense. Increased business activity caused tax revenue for the gov;t to explode.

[Jack from Charlotte]

16. Here's a graph of Unemeployment and presidents

Even a friggin' Republican can probably figure out these trends....




Let's see.... The elected Bush was unlucky for 4 years. Clinton was very, very, lucky for 8 years and the AWOL/moron was just unlucky, like his Daddy.

Hey. Let's keep electing the unlucky guys since their luck is bound to change.

[demnan]

3. By paying down the national debt

Clinton enabled the investment boom which happened in the 1990s, thus jobs were created in the Internet sector.

[lurkerguy]

13. Outsourcing

I don't think I will get flamed for saying this but here goes.
Actually the boom of the 90’s was due in large part to the cheap prices of computers. Why were they cheap? In a word, outsourcing. The outsourcing of chip manufacturing in the 90's led to cheap computer prices which led to everyone and their mother buying a computer which led to BOOM. Companies were undoubtedly working more efficiently than ever due to all their employees being able to reap the benefits of technology. Outsourcing? On Clinton’s watch? Blasphemy!
But in all honesty, a huge part of the “technology boom” of the 90’s was due to the plummeting prices of computers. Why were the computers cheap? Outsourcing… did I say that out loud?
If anyone has another serious take on why the computer prices plummeted leading directly to a tech boom then I am more than willing to hear it.
If not and you just want to flame me for a pro-outsourcing post then I can take that too, haha.
Disclaimer: I do not think the current rash of outsourcing is going to lead to any significant boom.

[cally]

4. Yes....YES

Clinton reduced the deficit which decreased long term interest rates. That allows more investment, increases productivity, and increases jobs. He also changed government investment and tax policy to favor technology. Some of the technology boom during his terms is because of that. Bush immediately started favoring the old time industries like oil and older financial industries which don't generate as much job growth. Clinton helped small start up firms wiht tax breaks and also favored minority small industries. All create jobs more than the old time, monied, stale industries. Clinton was helped because of the technology boom during his years in the Presidency, but he did much to encourage that boom and to re-direct Federal monies to new businesses.

[lancdem]

5. His 1993 economic plan

helped reduce the deficit, which was a major drag on the economy. There's more, but that's the truncated version.

[ComerPerro]

6. You Enjoy Myself

I am not sure what exactly created the jobs, but I know that Bush is down 2 million jobs since taking office...

So Bush better do something, right?

[papau]

7. By ending the projected "forever deficit", long term rates that are the

basis for the business "hurdle rate" used by a corporation - or person - to determine if they want to make a capital investment - come down a bit. It's the old why shouldn't I just leave it in the bank - or buy a 10 year bond - question - that an investment decision must "hurdle" before it is approved -


Companies began to use lower hurdle rates as interest rates began to be lower than the would otherwise have been for the same economic activity (you always have lower rates when economic activity begins to suck - so W has low rates - no matter what else is happening - so the Clinton "lower rates" refer really to just a tiny bit lower than they would otherwise be - and the feedback loop of a bit more capital investment than there would otherwise be, followed by more activity generating more capital investment , led to more jobs.

Some folks would call it keeping your eye on the ball.

[Q]

8. What the hell ...

...are all these 'help me with a freeper' posts about? And why are you arguing with a FReeper in the first place? It has been proven time and again that they don't care about facts and always resort to the tactic of attacking Clinton instead of defending Bush* Why? Because they know the facts are against them when it comes to defending the worst president in American history: George Walker Bush*.

[blm]

10. He gave TARGETED tax breaks for companies who put the money INTO their biz

to grow it. I think that is also the most under-rated action he took.

[dicknbush]

11. HE CREATED LOTS OF WORK FOR .....

RIGHT WINGED WACKO LAYWERS WHO WERE INTERESTED IN STAINED DRESSES. HE ALSO CREATED LOTS OF WORK FOR FICTION WRITTERS WHO POSED AS REPORTERS!

[Ellen Forradalom]

12. Fiscal responsibility.

By balancing the budget, interest rates went down; therefore credit was more readily available for investment. This includes mortgage rates, explaining the sharp rise in homeownership during the Clinton years.

[proud patriot]

14. well one example is the COPS program

:hi: