Reply #3: Clinton & jobs [View All]

[Killarney]

Many reasons millions of jobs were created during Clinton's administration.

1) Clinton invested in education, health care, science and technology
2) Clinton opened foreign markets to our products
3) He reversed trickle-down economics and returned to fiscal sanity. This resulted in low inflation rates, rising wages, high homeownership, and low unemployment rates.
4) The passage of the deficit reducing legislation almost immediately led to a drop in interest rates, which spurred investment and led to an increase in the rate of job creation, wage growth and productivity.
5) made major investments in areas such as information technology, high-performance communications and computer equipment, clean energy, genetic research, including gene therapies and the Human Genome Project, and biotechnology research. Greatly increased funding to these programs which in turn created HIGH PAYING jobs.

Also, the dotcom industry was born and boomed during Clinton's tenure, but I'm unsure of whether he did anything substantial to encourage it or if it happened naturally.