Monday, 5 January 2015

Bill Clintons and obama

. The first of these compromises was to limit future spending increases, substantially. Almost immediately, the stock market reacted, realizing that private sector investment capital, would be more than sufficient for a long period. Indeed, it turned out to be so.
The thriving economy led to the easy reelection of President Clinton. In his second inaugural address to the nation, he announced "the era of big government is over." Temporarily it was.
Soon after that statement the president signed legislation revising welfare requirements. Millions of adults left the welfare rolls, found meaningful, satisfying work and a sense of pride and self-esteem never before experienced. At the same time, the capital gains tax rate was reduced. Growth in the economy, already robust, soared. Private sector investment capital, became plentiful, much of which led to the technology boom.
Disposable income increased $4700 for every man woman and child. The average increase for a family of four was $18,800 of tax-free dollars, not for a raise or promotion, just from economic growth due to the "wise allocation of resources." This is what Americans want from their government.
That wise allocation, was found mostly in reducing the cost of government from 21.4% of GDP to 18.2%, expanding private sector capital investment.

What did President Obama do?
Barack Obama increased the cost of government immediately upon taking office. In his first year, he took federal spending from 20.8% to 25.2%. His $831 billion dollar stimulus package was passed just 22 days after he took office, substantially crowding out private sector investment capital, a crowding out, that remains severe to this day.
Along with that, deficit spending has been above $1 trillion dollars in each of his four years. The Obama health care plan has increased health care costs $3000 per year, instead of the $2500 savings,promised by the president. It will add a trillion dollars plus in the future.
Finally, a report by the Heritage Foundation, Red Tape Rising, states that President Obama has enacted 106 new "major" regulations, in his first three years, at a total cost of $57 billion. When adding in implementation costs, that is more than 5 times the cost during George W. Bush's first three years.
Bill Clinton compromised with congress when he cut costs, cut inefficiencies and reduced unnecessary burdens on business. Barack Obama has done virtually the opposite, ignoring President Clinton's actions, also ignoring Republicans in congress.
President Obama has increased costs and burdens on business and added back many of the old inefficiencies, while essentially eliminating the work requirement for welfare.
When Bill Clinton said "No one, not me, not anybody else... could have brought us back to full employment in just four years... he knew very well that was untrue; his actions and results proved I
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