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Presidency of Bill Clinton - Wikipedia. Bill Clinton 's tenure as the 42nd president of the United States began with his first inauguration on January 20, 1993, and ended on January 20, 2001.
- Bill Clinton - Wikipedia
Bill Clinton. William Jefferson Clinton ( né Blythe III;...
- Timeline of the Bill Clinton presidency - Wikipedia
Bill Clinton, a Democrat from Arkansas, was elected...
- Category:Clinton administration cabinet members - Wikipedia
This category is for articles about cabinet members during...
- Economic policy of the Bill Clinton administration - Wikipedia
The economic policies of the Bill Clinton administration,...
- Bill Clinton - Wikipedia
Bill Clinton. William Jefferson Clinton ( né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. A member of the Democratic Party, he previously served as governor of Arkansas from 1979 to 1981 and again from 1983 to 1992.
Bill Clinton, a Democrat from Arkansas, was elected President of the United States on November 3, 1992 and was inaugurated as the nation's 42nd president on January 20, 1993. He was re-elected on November 5, 1996 ; his second inauguration was on January 20, 1997, and his presidency ended on January 20, 2001, with the inauguration of ...
This category is for articles about cabinet members during President Bill Clinton's administration.
- Overview
- Fiscal Policy
- Welfare Reform
- Trade
- Deregulation of Banking
- Economic Results Summary
- Criticism
- See Also
- References
- Further Reading
Clinton's presidency included a great period of economic growth in America's history. Clintonomics encompassed both a set of economic policies as well as governmental philosophy. Clinton's economic approach entailed modernization of the federal government, making it more enterprise-friendly while dispensing greater authority to state and local gove...
Tax reform
In proposing a plan to cut the deficit, Clinton submitted a budget and corresponding tax legislation (the final, signed version was known as the Omnibus Budget Reconciliation Act of 1993) that would cut the deficit by $500 billion over five years by reducing $255 billion of spending and raising taxes on the wealthiest 1.2% of Americans.It also imposed a new energy tax on all Americans and subjected about a quarter of those receiving Social Security payments to higher taxes on their benefits....
Deficits and debt
Below are the budgetary results for President Clinton's two terms in office: 1. He had budget surpluses for fiscal years 1998–2001, the only such years from 1970 to 2023. Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1997 budget. 2. The ratio of debt held by the public to GDP, a primary measure of U.S. federal debt, fell from 47.8% in 1993 to 33.6% by 2000. Debt held by the public was actually paid down by $453 billion over the 1998-2001 periods, the on...
On taking office in early 1993, Clinton proposed a $16 billion stimulus package primarily to aid urban area programs favored by progressives. The package was quickly defeated by a Republican filibuster in the Senate. Serious efforts at welfare reform required bipartisan support. With the landslide Republican win in the 1994 midterm elections, Clint...
Clinton made it one of his goals as president to pass trade legislation that lowered the barriers to trade with other nations. He broke with many of his supporters, including labor unions, and those in his own party to support free-trade legislation. Opponents argued that lowering tariffsand relaxing rules on imports would cost American jobs becaus...
Clinton signed the bipartisan Financial Services Modernization Act or GLBA in 1999. It allowed banks, insurance companies and investment houses to merge and thus repealed the Glass-Steagall Act which had been in place since 1932. It also prevented further regulation of risky financial derivatives. His deregulation of finance (both tacit and overt t...
Overall
Clinton presided over the following economic results, measured from January 1993 to December 2000, with alternate dates as indicated: 1. Average real GDP growth of 3.8%, compared to average growth of 3.1% from 1970 to 1992. The economy grew every quarter. 2. Real GDP per capita increased from about $36,000 in 1992 to $44,470 in 2000 (in 2009 dollars), about 23%, roughly the same as it did from 1981 to 1989 during the Reagan administration. 3. Inflation averaged 2.6%, versus 6.1% from 1970 to...
Labor market
1. Non-farm payrolls increased by 22.7 million from February 1993 to January 2001 (236,000 per month average, the fastest on record for a Presidential tenure) while civilian employment increased by 18.5 million (193,000 per month average). 2. The unemployment rate was 7.3% in January 1993, fell steadily to 3.8% by April 2000 and was 4.2% in January 2001 when his second term ended. It was below 5.0% after May 1997. 3. Unemployment for African Americans fell from 14.1% in January 1993 to 7.0% i...
Households
1. Real median household income increased from $50,725 in 1992 to $57,790 in 2000, a 13.9% increase. 2. The poverty rate declined from 15.1% in 1993 to 11.3% in 2000, the largest six-year drop in poverty in nearly 30 years. The number in poverty fell from 39.2 million in 1993 to 31.58 million in 2000, a decline of 7.6 million. 3. The homeownership rate reached 67.7% near the end of the Clinton administration, the highest rate on record. In contrast, the homeownership rate fell from 65.6% in t...
Clinton has been heavily criticized for overseeing the creation of the North American Free Trade Agreement (NAFTA), which made it more affordable for manufacturing companies to outsourcejobs to foreign countries and then import their product back to the United States. Some liberals and nearly all progressives believe that Clinton did not do enough ...
Anonymous. Taxpayer Relief Actof 1997. File Tax.Com. 8 Mar. 2008Midgley, James. "The United States: Welfare, Work, and Development." International Journal of Social Welfare10:7 (2000): 284–293.Congressional Quarterly. Congress and the Nation: IX 1993-1996(1998)Congressional Quarterly. Congress and the Nation: X 1997-2000(2002)Frankel, Jeffrey A. and Peter R. Orszag, eds. American Economic Policy in the 1990s (2002) introductionStiglitz, Joseph E. The roaring nineties : a new history of the world's most prosperous decade (2003) onlineBill Clinton's tenure as the 42nd president of the United States began with his first inauguration on January 20, 1993, and ended on January 20, 2001. Clinton, a Democrat from Arkansas, took office following his victory over Republican incumbent president George H. W. Bush and independent businessman Ross Perot in the 1992 presidential election.
Bill Clinton - Administration. First Lady. Hillary Rodham Clinton. Vice President. Albert Gore, Jr. Secretary of State. Warren M. Christopher (1993–1997) Secretary of State. Madeleine Albright (1997–2001)
