"The Republicans turned a US$237-billion surplus that Bill Clinton left into a US$1.3-trillion deficit. And they're running on the same policies."
The Martin government ran surpluses -- but the Liberal Party is accused of being "tax and spend" -- as the Conservatives rack of deficits into the foreseeable future.
All that said, and despite the fiscal prudence of Clinton, Obama will still be demolished come the November mid-term elections.
In fairness, I think the anticipated Democratic collapse is not entirely because of the economy -- just about everyone everywhere did a huge stimulus package.
But the perception of Republicans as being better with money will be a factor.
2 comments:
Bill Clinton was directly responsible for forcing Fannie Mae and Freddie Mac, through legislation, to issue "sub-prime" mortgages to people who really couldn't afford them...and this, in turn, contributed directly to the crash of the American economy.
that $ 56 billion taken fron E.I. used in general revenue went a long way in helping balancing the books.
The $ 25 Billion in cuts to Education, Health and Social Services also helped.
Not sure how Liberals are portrayed as a party of the centre or compassionate.
Foreign Aid was actually cut under Chretien-Martin.
In 2005 the Liberals opened the taps and started to offer to fix the funding cuts they made earlier.
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