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Bill Clinton's most enduring legacy is likely to be the economic boom which began shortly before he took office in 1992.
During the eight years of the Clinton presidency, the economy expanded by 50% in real terms, and by the end of his tenure the US had a gross national product of $10,000bn - one quarter of the entire world economic output.
The booming US economy has brought economic benefits right across the income spectrum.
The unemployment rate dropped by half, to 4%, a 40-year-low, while the economy created some 15 million jobs.
The stock market grew even faster - by more than three times - creating thousands of millionaires among middle class stockholders, and employees of fast-growing companies like Microsoft...
Then Bush cut taxes....
http://news.bbc.co.uk/1/hi/business/1110165.stm
During the eight years of the Clinton presidency, the economy expanded by 50% in real terms, and by the end of his tenure the US had a gross national product of $10,000bn - one quarter of the entire world economic output.
The booming US economy has brought economic benefits right across the income spectrum.
The unemployment rate dropped by half, to 4%, a 40-year-low, while the economy created some 15 million jobs.
The stock market grew even faster - by more than three times - creating thousands of millionaires among middle class stockholders, and employees of fast-growing companies like Microsoft...
Then Bush cut taxes....
http://news.bbc.co.uk/1/hi/business/1110165.stm
