Debunk the "Booming Clinton Economy" Myth

Last night, I hosted a "McCain Nation" event - a house party, of sorts, for conservatives.  Living in the state with more Obama supporters per person than any other (Vermont), I appreciate any occasion to meet and greet people who don't want feel warm and fuzzy about impeaching President Bush.

During the evening, we participated in a conference call, with over 15,000 McCain activists, hosted by Cindy McCain, Charlie Black (McCain's Chief Campaign Adviser), and "special guest" Rudy Giuliani.   Cindy McCain urged women to support John McCain and said a few words about how inspired she was by women in Rwanda on a recent trip there. 

Then Charlie Black spoke about campaign strategy.  They allowed a few questions, so I called in.  Incredibly, I was the fourth caller and said this:

Thank you, Cindy McCain, for your comments about the women of Rwanda.  After all they've been through, they certainly deserve all the support we can give them (see Justice 4 Rwanda). 

At their upcoming convention, Democrats will make lots of speeches pointing to the "booming Clinton economy of the 1990s" as proof that Democrats can be trusted with the economy.

The problem is the booming 1990s economy began March 1991, 22 months before Clinton took office. 

Like Obama, Clinton promised "Change" during his 1992 campaign for President.  However, later, after the country saw what kind of change Clinton had in mind, voters overwhelmingly rejected Clinton's policies by electing, for the 1st time in 40 years, a Republican majority in Congress that kept taxes and spending down and forced Clinton to balance the federal budget.

So the credit for the "booming 1990s economy" really belongs to Bush 41 and the '94 Republicans. 

So, my question is this:  Will the McCain Campaign debunk the myth of the "booming Clinton economy" so Obama and the Democrats can't take credit for it anymore?

Charlie Black agreed with my analysis.  I was thrilled!  Perhaps he was just flattering a supporter, in front of 15,000 other supporters, but it was thrilling to offer a senior McCain advisor, directly, my advice for taking away the economy, as an issue, from the Democrats in the General Election.  (I wonder if Mitt Romney was listening - our choice for McCain's VP!)

Anyway, Mr. Black went on to say that the '94 Republicans quickly entered into a balanced budget agreement, with the then-weakened Clinton, to fulfill their promises in the Contract with America, and that that agreement laid the groundwork for historic budget surpluses in the late 1990s.  He also said that he had recently heard Obama's surrogates on TV talking about how great the Clinton years were for the economy and the country.   

Clinton didn't create 22 million jobs - the booming economy that he inherited from Bush 41 and Reagan did.

I hope and pray that I've planted a seed that will encourage McCain campaign strategists to come up with an ad, or a major speech, that will debunk the booming-Clinton-economy myth and put the 1990s in proper perspective.  Many feel a President doesn't have much influence anyway on a $13 trillion dollar economy.  I'm sure Microsoft, Amazon, Yahoo, Cisco and other great American companies feel they had a bigger influence on 1990s economy. 

Nevertheless, President Clinton, Hillary Clinton, Barack Obama and hundreds of other Democrat leaders, pundits and supporters in the media often boast how "magnificent Clinton was on the economy", how "Clinton created 22 million new jobs", that the economy is a glorious part of his legacy and that evil Bush came along and ruined all the good work the Democrats had done in the '90s.

These are all lies that need to be confronted & corrected. 

So, to the extent that any political leader can take credit for increasing the U.S. GDP and the resulting job growth, it is the pro-growth policies of Ronald Reagan and George H. W. Bush that kept the 1990-91 recession shallow & short - in effect extending the booming Reagan economy into the 1990s.  Credit the 1994 Republicans for forcing Clinton to keep taxes and spending low and balancing the federal budget - all things that tend to help an economy.  One must also give some credit to Ross Perot for making federal budget deficits a big focus of the 1992 and 1994 campaigns.  Whatever you think of Ross Perot, he made it "sexy" again to demand fiscal responsibility from our elected officials.   

In any event, the credit does not belong to the Clintons.

Democrats, if they're to be honest, must use the Carter economy for guidance on what an Obama economy might look like.   Like Carter, Obama will, if elected, have both houses of Congress led by Democrats.  Like Carter, Obama's energy plan is to make our own oil companies the enemy, to seize their "excess" windfall profits, to implement new taxes on oil & gas (aren't they expensive enough already?) - everything except what's needed most:  lifting the ban on offshore (OCS) and ANWR drilling effective immediately.

Like Carter, Obama's economy will be a disaster.