Markets Antiwar?

Max Sawicky sawicky at bellatlantic.net
Fri Nov 30 15:22:53 PST 2001


problem is that two of Clinton's lead economists don't think Clinton's fiscal policy had much to do with the boom of the 90's. See Blinder and Yellen, "The Fabulous Decade."

mbs


>My fondness for Clinton may be seen as reactionary, but a period of largely
>peacetime economic growth where lower-income workers actually got at least
>a small bite of the cherry seems worth at least a bit of praise, compared
>to Carter's semi-Hooverism/Volckerism or four other Democrats (FDR, Truman,
>Kennedy & Nixon) who had their economic policies built around massive
>overseas wars.
>
>-- Nathan Newman

I'd say Clinton's adventuristic foreign policy prepared the way for the massive but hopelessly ill-defined overseas "war" we're in now. And his economic growth was built on sand, no more than a binge of speculation and over-investment. Having had their "small bite of the cherry," lower-income workers can now look forward to quite a different bite -- unemployment and the impact of Clinton's welfare "reform."

Carl

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