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Thursday, March 25, 2010

Economics: Clintonomics

From Jan. 20, 1993, to Jan. 20, 2001, the Clinton years, the number of private-sector jobs in the United States grew to 111,634,000 from 90,820,000.
From Jan. 20, 2001, to Jan. 20, 2009, the Bush [43] years, private-sector jobs in the United States actually fell to 110,961,000 from 111,634,000.
More private-sector jobs were created during the eight Clinton years than had been created during the 12 preceding presidential years of Ronald Reagan and George H.W. Bush [41].
During Bush [43]'s two terms of tax cuts and spending sprees, the $236 billion budget surplus he inherited exploded into a budget deficit of $1.414 trillion!
When Clinton left the White House, China held $73.8 billion in U.S. government debt. By the time Bush [43] exited, China's holdings had increased more than tenfold to $746.3 billion.

See A Look Back at Presidential Records by Mark Shields, February 20, 2010.

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