Bill Clintons economic stimulus plan of 1993 produced the greatest wealth and job creation in all of recorded human history. Clintons economic plan reduced the National Debt by $587 billion, and balanced 5 budgets, exactly 5 times as many balanced budgets as produced by the last five Republican presidents combined.
Not a single Republican House member voted for it.
Heres what they had to say about Clintons Stimulus plan of 1993:
From the Files by David Waldman
(Congress Matters, February 15, 2009)
Rep. Dick Armey (R-TX), CNN, 8/2/93:
Clearly this is a job killer in the short run
The deficit will be worse,...
Rep. Newt Gingrich (R-GA), GOP Press Conference, House TV Gallery, 8/5/93:
I believe this will lead to a recession next year.
Rep. Deborah Pryce (R-OH), 5/27/93:
(This) will lead to more taxes, higher inflation, and slower economic growth.
Rep. Jim Bunning (R-KY), 8/5/93:
"It will not create jobs."
This from the same know nothing crowd that gave us 9 of the last 10 recessions.
There has been a crime of economic ineptitude perpetrated on the American people. No one seems to see the pattern nor is anyone confronting the stumblebums responsible for it. And they are so easy to spot. They are the ones saying no.
clipped from "History of Recession" by mike kohr http://bureaucountydems.blogspot.com/p/history-of-recessions.html