The New York Times reported last week that former President Bill Clinton is working on a new book on economic policy to be released in time for next year's election. This is unfortunate, since Clinton stands alongside Alan Greenspan as one of the last people who should be giving the country and the world advice on economic policy.
Many people look back with fondness on Clinton years and there is good cause. The economy grew at an annual rate of almost 4.5 percent during his second term. The unemployment rate fell to a 4.0 percent as a year-round average in 2000. And the country saw strong real wage growth up and down the income ladder for the first time since the early '70s.
1 comment:
I had money when Clinton was in office. Haven't had much since the second half of Bushs first term.
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