“They were dead flat wrong”
I’m not a huge fan of Stenny Hoyer, but I love how he takes the GOP to the woodshed on taxes in this statement.
“Very frankly, history shows that to be a fallacious argument. That was the argument they made in 1993 — that we were going to destroy the economy; that deficits were going to explode; that unemployment would skyrocket, and that the stock market would tank.
That’s the argument that [Dick] Armey made. That’s the argument that [Newt] Gingrich made. That’s the argument that [Tom] Delay made. That’s the argument that every one of their people made. Every one of them. To a person. Unanimously.
They were dead flat wrong.
Exactly the opposite happened. The stock market went up 226 percent; we balanced the budget for 4 years in a row; we didn’t borrow an additional dime; we didn’t increase the debt. In the last 4 years of the Clinton administration we ended up with a $62.9 billion surplus — the only administration in your lifetime … that ended up with a surplus.
They were absolutely dead flat wrong. They continue, however, unabashedly, and undeterred, in making an argument which has proven to be dead flat wrong.
I think Hoyer a bit delusional but we’ll see where we are in a year if this jackass gets re-elected.
based on the crushing depression we suffered during the clinton years?
ssssaaWING ANDAMISS
Rockland, I think you are a bit delusional. You are one of the ones Hoyer is talking about. And he will be reelected with 80% of the vote as always.
The facts laid out are unassailable. It is no wonder the wing-nut response is 100% content free.
In the wingnut religion it is an article of faith that Newt Gingrich saved the 1990s economy from Bill Clinton.
By doing what? Gingrich did nothing about the tax rates.
that’s the point, DD.
“Gingrich saved the world by existing and everything Bill Clinton did that helped the economy was done to stop Newt from beating him up” – The Book Of Moron.
We should never forget the words and predictions of that so called repuk economist Senator Phil Gram of Texas who stated when the Clinton tax bill was passed said” This will lead the country into a depression” instead we got balanced budgets and a surplus which the Repuk,s and Bush turned into a deficit.