President Bill Clinton's Economic Legacy

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What were the contributing factors to President Bill Clinton’s Economic Legacy? By: Crystal Topor Principles of Economics Bus 221 Mr. Michael Belleman February 21, 2011 Abstract America’s 42nd President of the United States, William Jefferson Clinton, is likely to be remembered for a long-running business cycle expansion and booming economy during his two terms in office. It is largely debated as to whether or not President Clinton was responsible for the Economic upswing that occurred during his Presidency. Many observers credit Alan Greenspan, the Fed chief, with the careful management of the economy, rather than President Clinton. Although Mr. Clinton’s presidency was marred with controversy and scandal, one thing remains clear,…show more content…
Ms. Clinton had a long record of political achievement in Arkansas and beyond, but was unsuccessful in achieving health care reform. President Clinton can also be credited with reappointing Alan Greenspan as head of the Federal Reserve. Greenspan was considered a master at handling interest rates. The appointment of Alan Greenspan was a surprising move on President Clinton’s part because Mr. Greenspan was considered a libertarian Republican who once had been a close political advisor to Republican Presidents Gerald Ford and Ronald Regan. President Clinton and Alan Greenspan worked closely together and Greenspan praised Clinton’s handling of the Federal deficit as well as his stance on liberalized trade calling him “the best Republican president we’ve had in a while.” All of these things played a role in the economic upswing of President Clinton’s time in office but there were many factors that had little or nothing to do with government at
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