Question

When Bill Clinton was president, what statement best describes the economy?

Answer 1

The sentence that best describes Bill Clinton economy is “Sensible Economy policies together with fair taxation and job creation brought about a strong economy. "

President Clinton’s policies lead to an economic growth of about 4%  and a record job creation. He raised taxes on high income taxpayers and cut defense spending, which helped to a better revenue. All these brought the federal budget to a surplus, the only surplus after 1969. Clinton signed NAFTA with many other free trade agreements which did not benefit many developing countries but exports to those countries helped the overall national economy. He also passed an important welfare reform.

Answer 2

Service and technology companies drove the economy. The ranks of the rich included large numbers of new millionaires