• ElmarsonTheThird@discuss.tchncs.de
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        2 months ago

        Wasn’t that Reagan? I’m not in the US, so please take this as a genuine question. So far, I’ve heard nothing as bad about Clinton regarding economics.

        • ChickenLadyLovesLife@lemmy.world
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          2 months ago

          Clinton actually produced a large budget surplus the last two years of his Presidency. If this trend of financial stability (supposedly a characteristic of Republicans) had been continued, the US would have become debt-free years ago. Instead our national debt is sitting (and growing) at $35 trillion dollars, equivalent to about six years of total tax revenue.

        • acosmichippo@lemmy.world
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          2 months ago

          the person above is an asshole but not entirely wrong. there was a good amount of deregulation under clinton, like repealing glass-steagall for example. not as bad a reagan but still not great.

                • acosmichippo@lemmy.world
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                  2 months ago

                  that’s just false. the Gramm–Leach–Bliley Act which repealed glass-steagall passed the senate with 54 votes, which is a LONG way away from being veto-proof.

                  glass steagall can hardly be reduced to a “line item”. he could have vetoed the entire bill and told congress to send him something without repealing glass-steagall.