From a reader contribution to [link|http://www.bartcop.com/clintonmiracle-larry.htm|Bartcop]. I've cleaned it up a little, fixed a few spelling and grammar errors.
1. The Clinton Administration forged a bipartisan coalition to pass NAFTA after concluding tough negotiations on side agreements covering workers' rights, the environment, and import surges.
Exports to Mexico rose 23 percent in the first 11 months of 1994.
2. President Clinton led the fight to pass GATT, which lowered tariffs worldwide by $744 billion over a ten year period -- the largest international tax cut in history. GATT cut tariffs on manufactured goods by more than one-third overall and eliminated tariffs in major markets in a number of sectors in which the U.S. is particularly competitive.
DUHbya has only raised tariffs/taxes; so much for his promise not to raise taxes.
And why hasn ANYBODY mentioned this?
3. As part of the 1993 Economic Plan, President Clinton cut taxes on 15 million low-income families and made tax cuts available to 90 percent of small businesses, while raising taxes on just 1.2 percent of the wealthiest taxpayers.
Passed without one Republican vote, which helped start the Clinton Miracle and was reversed by Bush II.
4. President Clinton signed into law the largest deficit reduction plan in history, resulting in over $600 billion in deficit reduction. The deficit went down for 3 years in a row for the first time since Harry Truman was president.
Passed without one Republican vote, which also helped to start the Clinton Miracle and was reversed by the Bush II administration.
5. President Clinton expanded the Earned Income Tax Credit to cut the taxes of 15 million working families with incomes of $27,000 or less.
These tax cuts are often forgotten and never mentioned by the radical right.
6. From a news article: "President Clinton yesterday abandoned his proposed $40 billion loan guarantee package for Mexico in the face of unrelenting congressional opposition, and announced he would instead act on his own authority to offer Mexico $20 billion in U.S. government short-term loans and loan guarantees to stabilize the peso. The U.S. initiative, a major policy shift, included large new pledges of support for Mexico from international financial institutions that will raise the total global commitment to Mexico to more than $49 billion."
We loaned Mexico this money, and they paid it back early with interest, and we made about $500 million.
Again action taken without one republican vote and in fact they condemned this action claiming it was throwing away the money. But Clinton's action in preventing an economic collapse of one of our biggest trading partners and the ripple effect it would have on our economy, proved once again that he was the greatest president of our lifetime.