Me and the wife were discussing the pros and cons of the USA under the Clinton administration. She asked “what did Bill Clinton do while in office except ignore terrorist and get blow jobs?” Well, here is a small list of some of his accomplishments:
Clinton's presidency included the longest period of economic growth in America's history, credited in large part to budget reforms as well as the peace dividend following the demise of the Soviet Union. After numerous reports revealed that the federal budget deficit would be far greater than expected, President Clinton quickly made cutting the deficit a high priority. Clinton submitted a budget that would cut the deficit by $500 billion over five years by reducing $255 billion of spending and raising taxes on the wealthiest 1.2% of Americans.
Improved economic conditions and policies served to encourage investors in the bond market, leading to a decline in long-term interest rates. The bill contributed to dramatic decline of the budget deficit in the years following its enactment–in 2002, for the first time since 1969, the nation achieved a budget surplus. The surplus money was used to pay down the national debt, which had risen to $5.4 trillion by 1997. The economy continued to grow, and in February 2000 it broke the record for the longest uninterrupted economic expansion in U.S. history—lasting ten years. In the year 2000, the nation was on track to be debt free for the first time in history by 2008.
After Republicans won control of Congress in 1994, Clinton vehemently fought their proposed tax cuts, believing that they favored the wealthy and would weaken economic growth. In August 1997, however, Clinton and Congressional Republicans were finally able to reach a compromise on a bill that reduced capital gain and estate taxes and gave taxpayers a credit of $500 per child and tax credits for college tuition and expenses. The bill also called for a new individual retirement account (IRA) called the
Roth IRA to allow people to invest taxed income for retirement without having to pay taxes upon withdrawal. Additionally, the law raised the national minimum for cigarette taxes. The next year, Congress approved Clinton’s proposal to make college more affordable by expanding the financial-aid program known as Pell grants and lowering interest rates on student loans.
The Clinton presidency left America with record economic growth and prosperity:
Average economic growth of 4.0 percent per year, compared to average growth of 2.8 percent during the previous years. The economy grew for 116 consecutive months, the most in history.
Creation of more than 22.5 million jobs—the most jobs ever created under a single administration, and more than were created in the previous 12 years. Of the total new jobs, 20.7 million, or 92 percent, were in the private sector.
Economic gains spurred an increase in family incomes for all Americans. Since 1993, real median family income increased by $6,338, from $42,612 in 1993 to $48,950 in 1999 (in 1999 dollars).
Overall unemployment dropped to the lowest level in more than 30 years, down from 6.9 percent in 1993 to just 4.0 percent in January 2001. The unemployment rate was below 5 percent for 40 consecutive months. Unemployment for African Americans fell from 14.2 percent in 1992 to 7.3 percent in 2000, the lowest rate on record. Unemployment for Hispanics fell from 11.8 percent in October 1992 to 5.0 percent in 2000, also the lowest rate on record.
Inflation dropped to its lowest rate since the Kennedy Administration, averaging 2.5 percent, and fell from 4.7 percent during the previous administration.
The homeownership rate reached 67.7 percent near the end of the Clinton administration, the highest rate on record. In contrast, the homeownership rate fell from 65.6 percent in the first quarter of 1981 to 63.7 percent in the first quarter of 1993.
The poverty rate also declined from 15.1 percent in 1993 to 11.8 percent in 1999, the largest six-year drop in poverty in nearly 30 years. This left 7 million fewer people in poverty than there were in 1993.
The surplus in fiscal year 2000 was $237 billion—the third consecutive surplus and the largest surplus ever.
President Clinton reached across the aisle and worked with the Republican-led Congress to enact welfare reform. As a result, welfare rolls dropped dramatically and were the lowest since 1969. Between January 1993 and September of 1999, the number of welfare recipients dropped by 7.5 million (a 53 percent decline) to 6.6 million. In comparison, between 1981-1992, the number of welfare recipients increased by 2.5 million (a 22 percent increase) to 13.6 million people.
As you can see, he did more for this country than just drop a load on a blue dress. Don’t get me wrong, I was never a Clinton fan. But after the last few years under the Bush administration, Bill would be a welcome sight. The same assholes crying about Clinton sending missiles for Monica are the same ones bitching about him not doing anything about terrorist while president. What do you think the missiles were for? Later.