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Originally Posted by VinylBoy  Clinton One did this in '92 and managed to set the stage in his second term to make some gains on the defecit and improving the economy. Let's just hope that whoever wins in November doesn't make things any worse. |
Clinton Only reaped the revenue windfall from the internet boom, plain and simple... he couldn't of run up a surplus with the economics that Jimmy Carter dealt with. Bush Two, war spending aside, got handed the internet bust, 9/11, and a recesssion that started circa his inauguration.
A president can have some impact on the economy, but there are larger forces and ppl (see Fed Chair) that can have a much greater long-term impact.