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Did You Know Clinton Was The #1 Economic President

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stewert Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-04 10:49 AM
Original message
Did You Know Clinton Was The #1 Economic President

As far as Presidents creating jobs and being good for the economy, Forbes magazine (a republican owned magazine) did a story on who the best President was for the economy. Bill Clinton was #1 out of the top 10.

From 1993 to 2000, 22.2 million new jobs were created, the most jobs ever created under a single Administration -- and more new jobs than Presidents Reagan and Bush created during their three terms.

91 percent (19.9 million) of the new jobs were created in the private sector, the highest percentage in 50 years.

Under President Clinton, the economy has added an average of 255,000 jobs per month, the highest under any President. This compares to 52,000 per month under President George H.W. Bush and 167,000 per month under President Reagan.

Source: National Economic Council, 6/00

Presidents and prosperity
Economy did best when Clinton was in office

By Dan Ackman
Forbes
Updated: 2:15 p.m. ET July 21, 2004

Clinton's two terms in office (1993-2001) were marked by strong numbers for gross domestic product (GDP) and employment growth and especially for deficit reduction. His overall ranking puts him first among the ten postwar presidents — ahead of Lyndon B. Johnson, Kennedy and Reagan, who were tightly grouped behind the 42nd president and recent autobiographer.

To create our rankings we looked at six measures of economic performance — GDP growth, per capita income growth, employment gains, unemployment rate reduction, inflation reduction and federal deficit reduction — for each of the ten postwar presidencies. For each measure we looked at whether the situation improved or got worse, and we ranked the presidents from 1 to 10. We then averaged the ranks to come up with a final score.

Clinton campaigned on the economy and had remarkable success. GDP growth during his eight years averaged 3.5 percent per year, second only to the combined Kennedy/Johnson years and ahead of Jimmy Carter and Reagan. The economy also added jobs at a faster rate under Clinton than under any postwar president except Carter.

Top 10 -

1) Clinton
2) Johnson
3) Kennedy
4) Reagan
5) Ford
6) Carter
7) Truman
8) Nixon
9) Eisenhower
10) George H.W. Bush

http://www.msnbc.msn.com/id/5474580/ and

http://www.forbes.com/business/2004/07/20/cx_da_0720presidentstable.html?partner=msnbc%20target=_forbes

Clinton was the #1 president in every economic category, GDP, Real Disposable Personal Income, Employment/Jobs, Unemployment Rate, Inflation, and Deficit Reduction.

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Cocoa Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-04 10:49 AM
Response to Original message
1. thanks to Reagan
:-)

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Jokinomx Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-04 11:06 AM
Response to Reply #1
2. Cocoa ....What do you mean ...Thanks to Reagan?
:shrug:
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The Blue Knight Donating Member (555 posts) Send PM | Profile | Ignore Sat Aug-07-04 11:08 AM
Response to Reply #2
3. I think he was being sarcastic.
A lot of freepers claim the only reason Clinton had such a good economy was because of Reagan's policies.
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BrendaStarr Donating Member (491 posts) Send PM | Profile | Ignore Sat Aug-07-04 11:18 AM
Response to Reply #2
6. Giving credit to Reagan for Clinton's economy is like
Giving credit to Lyndon Johnson for the recovery (after incredible decline of the first years of the term) that the Reagan team called "Morning in America"

I believe Krugman said that or something like it at the end of a very good expository on the subject.

Okay I found a mirror of the article at: http://economy/news4u.alturl.com

(Yes, that is my site. I thought I had it, but couldn't find it at first.)

Scroll down to "An Economic Legend" in the main frame (center)

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pacalo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-04 11:11 AM
Response to Original message
4. Dee Dee Myers mentioned that on MSNBC last night...
I don't know what happened to Deborah Norville, but in her spot last night was "After Hours". Last night Dee Dee Myers, Joe Scarborough, Ron Reagan, & Pat Buchanan discussed the latest political news in "Crossfire" style. As you can imagine, Scarborough talked over those with opposing views, particularly Dee Dee Myers.

Why the networks employ people like Joe Scarborough and Robert Novak is beyond me. The viewers have enough contempt for them without having to listen to their distorted views & hatred.
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Catt03 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-04 11:16 AM
Response to Original message
5. Thanks to Robert Rubin
Kerry needs one like him:

http://slate.msn.com/id/2103851/
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BrendaStarr Donating Member (491 posts) Send PM | Profile | Ignore Sat Aug-07-04 11:21 AM
Response to Reply #5
7. Kerry's announced economic plans have been called "Clintonesque"
So he's already started, apparently.
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Massacure Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-07-04 11:58 AM
Response to Original message
8. 1 more point for Da Big Dawg!!! RAWR!!
:P
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