congress passed bill clinton's tax hike. then the economy boomed. how can that be?

  • Thread starter Thread starter scottso360
  • Start date Start date
S

scottso360

Guest
so tax hikes don't always hurt the economy.
after clinton's tax hike the economy went down again in 1994. then it went back up again in 1995.
and clinton passed his tax hike during the bush one recession.
bush passed numerous tax cuts. now we are in a financial crisis.
 
Irrational enthusiasm for the dot-com companies. It didn't take long before that busted.
 
The economy boom was totally due to the dotcom boom. It had nothing to do with Clinton or the tax hike. The internet exploded on to the scene and a flood of new jobs and industry fell upon the country. Which is also why we were on the verge of a recession at the END of Clinton's administration, because the dot.com boom tanked and people were being laid off right and left and internet ventures were going belly-up right and left.
 
because he also created jobs and paid off the deficit making the economy much stronger for everyone.
 
that's like asking, i poured more cereal in my bowl, why does my bowl look more full? durr.
 
They did that in a bullish curb. I dare anyone to try that today.

I agree that it is a matter of picking the right time.
 
Back
Top