Things I Remember
A Balanced Budget
In January, 1998, I read that President Bill Clinton submitted a balanced budget, two years earlier than he had previously planned. I guess he got a lot of political mileage out of that, but it brought back a flood of memories.
I remember during the 1992 Presidential campaign Mr. Clinton said that, if elected, he would balance the budget in 5 years. He was elected, but made no effort to balance the budget at all. In 1994 the Republicans won a majority of seats in the House and the Senate. They then submitted a proposal to balance the budget within 7 years. I remember that Mr. Clinton screamed and cried and carried on, saying that the Republicans were evil and horrible creatures, to dare submit a budget so austere that people would suffer and babies would go hungry. It seems that when Mr. Clinton was elected, he discovered the economy was so bad that he could not balance the budget either in 5 years or 7 years. At least that's what he said. He wouldnít sign the proposal and that shut down the government. The Republicans were blamed for closing down the government, so they backed off and gave Mr. Clinton what he wanted. He got a lot of political mileage out of that one.
In January, 1998, five years after taking office, Mr. Clinton submitted a balanced budget. People love him because he is such an active president, and heís submitted a balanced budget TWO YEARS early. But I wonder, what was all that ranting and raving and closing down the government all about? He just proved the Republicans were right in the first place.
Am I the only one who remembers what happened?
Good Economical Report
I remember during 1997 that President Clinton issued a report saying the economy is in the best shape itís been in for 12 years. He was celebrating because he got the economy whipped into shape. He got a lot of political mileage out of it.
I counted back 12 years. That would be 1985. That would be when Republican Ronald Reagan was President. I remember when Mr. Clinton called the Reagan years evil years, when so many people were hurt. I remember Mr. Clinton saying he was going to punish people who made a profit during the 1980s, presumably because they had voted Republican. Now I see Mr. Clinton celebrating and dancing a jig because he was able to get the economy back to where Mr. Reagan had it to begin with.
Am I the only one who remembers that?
A few weeks from the time President Clinton said the economy was in such a great shape, he made the announcement that unemployment is at the lowest it's been for 10 years. He was celebrating and getting a political reputation of being a good president.
I counted back 10 years. Republican George Bush was in office then. Mr. Clinton had gotten unemployment back down to where it was when Presidents Reagan and Bush were in office. I wonder why he didnít mention that.
Am I the only one who remembers what happened?
The Bull Market
When Republican Richard Nixon was President, the Dow Jones Index went above the 1,000 mark for the first time ever. Since the beginning of the stock market until that day, Dow Jones had never been as high as 1,000. When Mr. Nixon left office, Dow Jones was in the high 800s, where it remained during the Carter years.
When Democrat Jimmy Carter was President, we had runaway inflation, reaching 21% in some places. Mr. Carter and the democrats made regular announcements in the newspapers and on the air, "Itís your fault (American People) that the economy is so bad. You must cut down on your spending. You must tighten your belt. You must save money. Itís all your fault that the economy has turned so bad." Mr. Carter, of course, was pursuing Democratic policies at the time.
Republican Ronald Reagan ran for Presidency and said, "Thatís all nonsense. Itís not your fault the economy is so bad. Itís the governmentís fault. Itís the logical result of following the policies we have for the last 40 years." We elected Ronald Reagan, and he successfully pushed through many changes in government economic practices.
When Mr. Reagan entered the Presidency, Dow Jones was in the high 800ís. Until that time, it had reached 1,000 only once in itís entire history. During President Reagan's 8 years in office, Dow Jones grew 2,000 points. When Mr. Bush was President, Dow Jones grew almost 1,000 points. When Bill Clinton was in office, Dow Jones went over the 12,000 mark. Guess who is taking credit for a robust economy during the Clinton years.. You're right: Bill Clinton.
I wonder if Iím the only one who remembers these things.
The Cold War
I remember during the 1960s and 1970s I would sometimes read in the newspapers that the United States was subsidizing the Soviet Union. The stories went something like this, The Soviet government and economy was so bad that the people themselves wanted it to collapse. The people themselves were dragging their feet and doing what they could so the economy would not support the government. The Soviet Union annually applied for help from the United States, in the form of money and food. The United States government claimed it did not want to see the Soviet people starving, so they agreed to the requests for help. Do you remember those stories?
I remember that Ronald Reagan was elected President and announced in effect, "No more ĎMr. Nice Guy.í". He started SDI (Strategic Defense Initiative), which the Democrats lampooned as "Star Wars". SDI was designed to operate from space, to protect the United States. The Soviets and Democrats hollered that was unfair, because the Soviets could not afford to do the same thing. I remember that.
Once during the Carter years, Democrat President Jimmy Carter sent an "armed" force to Iran to rescue the 444 American hostages. The military was in such bad condition they got part way there, and could not get the helicopters off the ground. They turned tail and came back home. Prior to that, Democrat President Jimmy Carter had reduced the military forces and the funds required for its maintenance.
President Reagan beefed up the military, and approved construction of a new carrier. The Democrats decried that as warmongering and costing the United States billions of dollars, further hurting the economy. I remember the Soviets and Democrats saying the United States was being unfair to build up its military when the Soviet Union could not keep up.
I remember the Soviet Union collapsed in 1989-1990, during Republican President George Bushís time in office.
I remember that after the collapse of the Soviet Union, there was no more Soviet threat. The United States no longer annually had to pay multiple billions of dollars for defense against the Soviets. The United States no longer had to be on alert against the Soviet threat. The United States could now deal with Russia as a benign country, ready to take a responsible position in world affairs. I remember the Soviet Union is no longer stirring up trouble in Central America, Africa, Mexico, and Southeast Asia, which caused us to be on the alert and send troops to these countries.
I remember the Democrats are still decrying the Republicans for building that navy carrier, and calling the Reagan Presidency "wasteful" and "evil." But how much more have we saved both ourselves and the world?
Am I the only one who remembers these things?