How Ronald Reagan Rescued Bill Clinton's Presidency
By Allan H. Ryskind | Sunday, 05 June 2022 05:30 PM
Longtime Democrat William Galston, deputy assistant to Bill Clinton for domestic policy, wrote a recent column for the Wall Street Journal on the performance of the economy during Clinton's eight years in office. According to Galston, virtually everything Clinton did was a hit.
Annual real growth in gross domestic product? It averaged a "robust 3.8%." Inflation? A "restrained ... 2.6%." Payrolls increased nearly 236,000 a month, "the fastest on record for a two-term presidency." Unemployment "fell from 7.3% in January 1993 to 3.8% in April 2000 before rising slightly to 4.2%" at the end of his second term. Adjusted for inflation, "real median household income rose by 13.9%."
"What about the poor?" Galston asks, and then exults: "The poverty rate declined during the Clinton administration by nearly one-quarter, from 15.1% to 11.3%, near its historic low. And it declined even faster among minorities."
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READ MORE: https://www.newsmax.com/newsfront/ronald-reagan-bill-clinton-hillary-clinton-jimmy-carter/2022/06/05/id/1073025/
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