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Kerry's Fairy Tales About Clintonomics
by Allan H. Ryskind John Kerry says vote for him because he'll restore what Democrats talk about as Bill Clinton's "just-right, Goldilocks" economy. "Let's not forget what we [Democrats] did in the 1990s," he's been telling folks on the campaign trail and may well repeat in one of the next two debates. "And we can do it again." But the splendid '90s were not splendid because of the Democrats or Clinton or even Clinton's much ballyhooed Treasury Secretary Robert Rubin, now a Kerry adviser. It's a nice party myth, but it's far from accurate. Some recent history is in order: After Clinton's election, the President went full-bore left on the economy, pressing for the largest tax increase in history (the words of the late Sen. Moynihan), a special $72-billion energy tax and vastly increased domestic spending, including a federal takeover of the entire health-care system, equal to one-seventh of America's yearly domestic output. Before he could drop these economy crushers on the nation, the President was largely foiled by a feisty Republican minority in both houses of Congress. Posted by: Anonymous5089 2004-10-13 |
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