In this episode we look back at the roll out for the Clinton Economic Plan. It is to this day a source of some level of controversy as to how much credit it deserves for the extraordinary boom that happened after it passed. The question is how much did help spur the economy, or was it the budget deal that Bush signed that raised some tax rates and cut some spending, or was it the simple fact that the Cold War was over and the enormous amount of money we had been spending in defense had simply gotten a lot smaller.
Or could it have simply been the combination of all three. That is the scenario that I think is most likely. But in this opening battle we see both sides of Pennsylvania Avenue as they prepare to debate the questions, and address the problems of getting the nation back on the right fiscal track.
It will be the first of many battles where we get to see President Bill Clinton do battle with Bob Dole. In the end , the economic plan will pass with no support from any Republicans and the plan will lay the foundation for the Republican Revolution that would overwhelm Bill Clinton in 1994.
Questions or comments at , Randalrgw1@aol.com , https://twitter.com/randal_wallace , and http://www.randalwallace.com/
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