Bush created 4.8 million jobs while ‘tax and spend’ Clinton created 23 million.

[Boult]

Think Progress » Bush created 4.8 million jobs while ‘tax and spend’ Clinton created 23 million.

Sen. John McCain (R-AZ) has been attacking Sen. Barack Obama (D-IL) as a “tax-and-spend liberal” for his plan to roll back the Bush tax cuts. Under President Bush, however, who’s tax plan McCain wants to make permanent, only 4.8 million jobs were created. President Clinton, however, created 23 million jobs after raising income taxes and investing at home, as the Wonk Room notes:


Boult's note; Bring back the Clinton Economics of the 90's! We prospered!

 

[Banjo]

It's true that President Clinton was the first president to bring a surplus budget to the White House in ages. Despite his characteristic flaws and mistakes he made. He's only human, but he did succeed in some places.

Although he made a big mistake by signing a bill into law which allowed banks to become primary lenders for subprime loans and such. In the past 25 years, so many laws has been repelled, that means a lot of regulations made as a result of the Great Depression were deregulated. This is why the corporations have became so powerful at such a rapid rate in the last couple decades. A lot of small businesses went under because of regulations being deregulated too as well since they cannot compete with the corporations.

It's a pity that it had to come to this. Despite the tax cuts President Bush made, I don't believe they really helped with the economy. You cut taxes, you have to spend less. Instead, President Bush did the opposite, he cut taxes and racked up the biggest deficits ever in the history of the USA!

 

[VamPyroX]

It's true that President Clinton was the first president to bring a surplus budget to the White House in ages. Despite his characteristic flaws and mistakes he made. He's only human, but he did succeed in some places.

Although he made a big mistake by signing a bill into law which allowed banks to become primary lenders for subprime loans and such. In the past 25 years, so many laws has been repelled, that means a lot of regulations made as a result of the Great Depression were deregulated. This is why the corporations have became so powerful at such a rapid rate in the last couple decades. A lot of small businesses went under because of regulations being deregulated too as well since they cannot compete with the corporations.

It's a pity that it had to come to this. Despite the tax cuts President Bush made, I don't believe they really helped with the economy. You cut taxes, you have to spend less. Instead, President Bush did the opposite, he cut taxes and racked up the biggest deficits ever in the history of the USA!

I agree. Clinton has done a great job fixing things.

It's like a credit card. It takes a lot of responsibility to have and use a credit card. When you use it, you have to be able to pay it off.

Each president has a credit card. The citizens of the United States pays for that credit card through taxes.

What did the past presidents do? They used that credit card little by little, but never really took the time to ensure that it was paid off. Clinton came in and decided to do something about it. So, he raised taxes. Yet, he paid off that credit card and ended up with extra credit.

Bush comes in and takes that credit card on a wild spending spree. Now, we've got a HUGE debt.

 

[Boult]

It's true that President Clinton was the first president to bring a surplus budget to the White House in ages. Despite his characteristic flaws and mistakes he made. He's only human, but he did succeed in some places.

Although he made a big mistake by signing a bill into law which allowed banks to become primary lenders for subprime loans and such. In the past 25 years, so many laws has been repelled, that means a lot of regulations made as a result of the Great Depression were deregulated. This is why the corporations have became so powerful at such a rapid rate in the last couple decades. A lot of small businesses went under because of regulations being deregulated too as well since they cannot compete with the corporations.

It's a pity that it had to come to this. Despite the tax cuts President Bush made, I don't believe they really helped with the economy. You cut taxes, you have to spend less. Instead, President Bush did the opposite, he cut taxes and racked up the biggest deficits ever in the history of the USA!

Banjo,
I saw Bill Clinton on Letterman last night and I tried to find transcript but found this article has brief transcript of what was said last night. (obviously this episode was a rerun)
Bill Clinton gives his verdict on global credit crisis | The Daily Telegraph


Economist's View: "Bill Clinton Revisits His Economic Legacy"
from this site; here's something else which Clinton said;

Clinton also said he should have subjected derivative trading to more public oversight. "We would have failed, but at least we could've sounded the alarm."

 

[Boult]

Banjo, read this;
Greenspan 'Shocked' That His Free Market Wisdom Was 'Flawed' - TalkLeft: The Politics Of Crime

Greenspan said he was "partially" wrong in opposing regulation of derivatives and acknowledged that financial institutions didn't protect shareholders and investments as well as he expected.

Like Bill Clinton explained about derivatives...

Here's something I read today;

Makes Sense To Me

Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each.
The villagers, seeing that there were many monkeys around, went out to the forest, and started catching them. The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy monkeys on his behalf.
In the absence of the man, the assistant told the villagers: 'Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35, and when the man returns from the city, you can sell them to him for $50 each.'
The villagers rounded up all their savings, borrowed all the money they could, and bought all the monkeys. Then they never saw the man nor his assistant again, only monkeys everywhere!

Now you have a better understanding of how Wall Street, brokers, and financial advisors work.