Obama: wealth redistributor

[ChinoCoug]

Originally Posted by il Padrino Ute

#1 is not proof.

#2 had nothing to do really with Clinton. He just happened to be in office during significant growth. No President, regardless politics can get credit nor can be blamed for the economy.

I ask again, what proof do you have to make a definitive statement, especially about all benefiting from it?

The rich have always benefited when the economy grows.

While Clinton did run into good fortune, he also contributed by keeping deficits low and eventually balancing the budgets to create confidence on Wall Street, kept social spending down, moved more people out of poverty than Reagan and Bush I combined by cutting welfare rolls by 60% through welfare reform, expanded trade by pushing for NAFTA's passage, and refusing to squander the surplus. He was the only president since WWII to have fiscal responsibility.

There is consensus among economists, regardless of ideological stripe, that he was the president most attentive to economic matters and he was one of the greatest economic presidents of all time.

And...he redistributed wealth.