Search results
Besides the record-high surpluses and the record-low poverty rates, the economy could boast the longest economic expansion in history; the lowest unemployment since the early 1970s; and the lowest poverty rates for single mothers, black Americans, and the aged.
Since Congress passed President Clinton's Economic Plan in 1993, the poverty rate declined from 15.1 percent to 11.8 percent last year — the largest six-year drop in poverty in nearly 30 years. There are now 7 million fewer people in poverty than in 1993.
Strong Economic Growth: Since President Clinton and Vice President Gore took office, economic growth has averaged 4.0 percent per year, compared to average growth of 2.8 percent during the Reagan-Bush years. The economy has grown for 116 consecutive months, the most in history.
Dec 7, 2007 · What we can say with certainty is that Clinton served as president during the last eight years of a decade-long economic expansion that stands as the longest boom in U.S. history.
Dec 24, 2020 · Bill Clinton's economic policies included tax increases, welfare reform, and budget surpluses. While president, he boosted economic growth and reduced poverty.
- Kimberly Amadeo
Clinton took office towards the end of a recession. His administration’s plans for fixing the economy included limiting spending and cutting the budget to reduce the nation’s $60 billion deficit, keeping interest rates low to encourage private investment, and eliminating protectionist tariffs.
People also ask
How has President Clinton impacted the economy?
What were Bill Clinton's economic policies?
How did Clinton's budget cuts affect the New Age economy?
What did the Clinton-Gore economic plan do?
Since Congress passed President Clinton’s Economic Plan in 1993, the poverty rate declined from 15.1 percent to 11.8 percent last year – the largest six-year drop in poverty in nearly 30 years.
