What is the Tunnel Wall?

.........................A timely collection of conservative articles about liberal influences on politics and culture in America ......................



Tuesday, May 17, 2016

Who better to be in charge of the US economy?

SwissCheese

Does Hillary’s Two-for-One Help?   . . . "Let’s concede that nostalgia for the economy of the 1990s is somewhat understandable. It was the product of the end of the Cold War and the unique juxtaposition of a centrist Democrat in the White House and a new Republican Congressional majority determined to rein in liberal excesses. Bill Clinton’s willingness to work with the GOP produced landmark legislation on welfare reform and crime as well as a balanced budget. Not all of the credit belongs to Clinton, but he does deserve kudos for being willing to work with Republicans as he admitted that the “era of big government is over.' ” . . . 

Bill Clinton and ‘revitalizing’ the U.S. economy  . . . "The federal budget was in surplus (“primary surplus”) toward the end of the Clinton administration, as Mrs. Clinton points out. Why? Partly because of tax increases that Republicans fought vigorously against; partly because of spending controls that Democrats fought vigorously against; partly because of a stock-market bubble that liberated both the Clinton administration and congressional Republicans from making some really tough decisions." . . .

From Fred Barnes: The Hillary Myth
. .  . "Only there's a problem: This Hillary Clinton is entirely mythical. She doesn't exist. As the Democratic party has lurched to the left, she has lurched with it. While talking up growth, she has proposed no incentives to produce it. She relies on government spending to stir growth, Obama's woeful policy. On tax cuts, she's for boosting the top rate on individual income to 45 percent, the highest in three decades. Under her complicated plan, the tax rate on capital gains would jump from 23.8 percent to 39.6 percent, then to 47.4 percent with surtaxes. The Tax Foundation concluded her tax hikes would cut annual growth by 1 percent and shrink incomes by at least 0.9 percent. That's a recipe for less job creation, more wage stagnation, fewer business startups, and a despondent country.

"An element of the Hillary myth is that she's on the same wavelength as her husband. She's not. He cut the capital gains rate from 28 percent to 20 percent, sparking the economic boom of his second term. He fought hard to enact the North American Free Trade Agreement. She attacks NAFTA and opposes the new Pacific trade treaty she once championed as the "gold standard" of free trade. Bill Clinton pushed through welfare reform that dramatically reduced poverty and welfare dependency. She would expand welfare with a new subsidy for child care and much more. And rather than defend his 1994 crime bill, she apologizes for it." . . .

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