The economy also added jobs at a faster rate under Clinton than under any postwar president except Carter.
Presidents And Prosperity
Underlying data available on the page...
Any questions?
Thank you Ronald Reagan.
What does Reagan have to do with it?
If you were alive then I would not need to explain, but this article will do it for me.
The Real Reagan Economic Record: Responsible and Successful Fiscal Policy
I don't know who the f... Mr. Sperry is, but if you want to offer the opinion of some non-entity who popped up on a random google search, let me counter that with the judgement of the guy Reagan nominated as the Chairman of the Federal Reserve...
In his autobiography, The Age of Turbulence: Adventures in a New World (Penguin Press), Greenspan, 81, makes clear that his patron Ronald Reagan, who appointed him to head the U.S. central bank board in 1987, was a reckless steward of the nation's finances, eclipsed in economic irresponsibility by current president George W. Bush.
Clinton was in a fiscal bind when he came to power in 1993, and the record deficits of Reagan and George H.W. Bush put him there. "The hard truth was that Reagan had borrowed from Clinton, and Clinton was having to pay it back," Greenspan writes. "I was impressed that he did not seem to be trying to fudge reality to the extent politicians ordinarily do. He was forcing himself to live in the real world."
Greenspan is Clinton's unlikely defender
The Toronto Star ^ | September 18, 2007 | David Olive
Or you could just consider Sperry's claim that Reagan's fiscal policy was responsible by looking at the measurable results..
here are the deficit numbers
1981-09-30 -78968
1982-09-30 -127977
1983-09-30 -207802
1984-09-30 -185367
1985-09-30 -212308
1986-09-30 -221227
1987-09-30 -149730
1988-09-30 -155178
1989-09-30 -152639
here are the debt numbers
1981-10-01 1028729
1989-10-01 2952994
(for you home gamers, yes....that's a near TRIPLING of the debt in 8 years.....)
and if you prefer to be hung by the rope of Mr. Sperry's artless spinning
I expect that I will have to point out that the gap between the hashed red line and the black line represents the deficit.....and that a widening of that gap is NOT a good thing.....