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At first blush I wonder if the downturn under Clinton's administration is related to reduced defense spending due to all the base closures during that time peri
by wavefunction 11y ago
At first blush I wonder if the downturn under Clinton's administration is related to reduced defense spending due to all the base closures during that time period.
- tosseraccount 11y agoAnd change of Congress in 1994.
- simonh 11y agoI think it's a long and complicated story. Some credit Clinton with it, others say Gingrich's did far more. Maybe partly it was luck due to the swings and roundabouts of the economic cycle. To be honest I think politicians can't really control these things, the best they can do is cause as little harm as possible. Even positive policies simply create the conditions for the economy to improve. They don't actually make it improve.