Avoiding the simplistic, re: tax cuts and spending

[hfojvt]

8. not exactly true, is it

in two ways.

First, the Clinton economic recovery bill also cut taxes for poor people. So, it was not all tax increase.

Second, the recession Clinton was in, was not much of a recession.

Clinton signed the bill on 10 August 1993.

Here's job creation by month in 1993

Jan +307,000
Feb + 237,000
Mar - 46,000
Apr + 307,000
May + 273,000
June + 164,000
July + 300,000
August + 159,000
September + 240,000
October + 279,000

That looks to me like an economy that is humming along pretty good. Obama would love to have those numbers even today..

Quarterly growth rate of real GDP

1992.4 - 1.05%
1993.1 - .2%
1993.2 - .6
1993.3 - .5

Not spectacular, but compared to today

2011.1 - .09
2011.2 - .3
2011.3 - .5
2011.4 - .7
2012.1 - .5

But in fact, the GDP numbers sorta puzzle me because even in the Clinton boom years the quartlerly gains are not great. For example
1995.2 - .2% (wasn't that good a quarter for job creation either, with only +381,000 jobs in the three months.