A comparitive Study of Clinton's and George Bush's Economic Policies Essay

A comparitive Study of Clintons and George furnishs Economic Policies - Essay ExampleBush supporters turn over that Clinton inherited a booming economy on the upswing from the previous Reagan/Bush presidencies then ran it into the ground for which George W. now takes the blame. Many Clinton backers disagree taking the position that the modern Bush administration has instituted a faith-based economic policy that Armageddon will happen soon so it doesnt matter how the countrys economy is managed. To contribute total credit or blame to one person for every aspect of the nations economic condition is hardly a probable stance. However, this paper will compare the two presidents economic policies as they relate directly to the end result in similar categories as a actor to compare their successes and failures on an even playing field. To that end, this discussion provides an extensive view of the economy over the previous 12 years spotlighting on percentage changes of some(prenomina l) economic indicators rather than total number.The steady creation of employment opportunities is one of the most telling signs of a countrys economic condition. According to the federal agency of Labor Statistics, the number of jobs increased 2.38 percent per year under Clinton, but it has decreased 0.17 percent per year in the years Bush has held office (Atkinson & Hutto, 2004). The Bush administration claimed that the economy was on a downturn following the Clinton presidency then was further hindered by the attacks on the World Trade Center in 2001. Bush sold the idea of tax cuts to the public predicting that this step would help to stimulate the economy by creating 3.7 million jobs in 2003, but produced only 1.7 million, fewer than the number of births in the country that year (Council of Economic Advisors, 2003). By contrast, 22 million jobs were created during the eight years Clinton was in office. The tax cut concept was not based on sound, objective economic analysis, rat her it was an ideology borrowed from the equally failed