Clinton Versus Bush, Democrats Versus Repuplicans

One of the common assessments I hear quite often during this election is that the Clinton era was so much better than the Bush era in regards to the economy. This is a topic I have discussed many times with friends, family and strangers. Of course the economy was much better during the Clinton era. But lets take a look at why the economy was better, what made the economy better, and who made the economy better.

There are so many different factors when it comes to the economy. A good economy and a bad economy. One thing, we were in total peace time during the Clinton era. The Internet exploded onto the scene during the Clinton era and the last time I checked, Clinton did not invent the Internet. Along with the Internet, came the tech boom. This was the true driving force behind our economy during the Clinton era. Companies like "Yahoo", "Google", and "Amazon.com" came onto the scene in the 1990's. The Dot-Com Boom drove the market up so high and created so many jobs during the Clinton era. Also, these were good paying jobs which led to a real estate boom.

All was good until the bubble bursted in the late 1990's during Clinton's last two years in office, which continued right on into the beginning of the Bush era.

Also, people need to be reminded that there are three branches of federal government, which are the President, the House, and the Senate, each with fairly equal powers. When Clinton took office he had a democratically controlled House and Senate for the first two years until the republicans took over for his remaining six years. During Clinton's first two years he raised taxes on everyone including the middle class, which he, just like Obama said he was not going to but did anyway. It wasn't until the republicans took over the House and the Senate that taxes were cut on everyone including the big corporations.

Bush inherited an economy that was in the beginning stages of a recession. Then, as we all know in Bush's first year in office the horrible attacks of 911 took place which had devastating effects on our economy. It hurt our economy in so many ways that people do not even realize. The airlines were grounded for three days, which almost put them out of business. As a result to that the Government had to bailout the airline companies. The stock market took historical hits the months there after 911. Then of course we had to go to war with Afghanistan as direct result of 911. All of these things were playing factors in the downing of our economy.

As we can see it is the circumstances that can help a President look good or look bad. There is a lot of luck that comes into play with some of these things.

Now, in this present day economic situation it would be a drastic mistake to raise taxes on anyone, especially big corporations in which put the most money into our economy. People need to understand that if you tax the big corporations they will cut good jobs, they will pass the cost on to us, and there will be less money for growth. And growth is what creates new jobs.

Less taxes and less Government spending is the key to getting out of this economic crisis. We should let the people get us out of this mess not the Government.