Bill Clinton's Impact on the Economic Policy

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Bill Clinton's impact on the economic policy As the 42nd president of the United States, Bill Clinton was in the position between 1993 and 2001. During his tenure as the president, Bill Clinton had economic policies implemented, that have been commonly referred to as clintonomics. These economic policies include the monetary policy, the regulatory policy, the macroeconomic policies and the fiscal policy (Godwin, 2009). However, his contribution to the economic policies of the United States has been viewed with mixed feelings with some people contending that he contributed greatly to the economic augmentation of the US. In addition, others have criticized his contribution to the economic escalation of the country. According to Godwin (2009), during Bill Clinton's initial annual message, economic status of the US was a major issue that stood out. He linked the relatively poor economic growth for the US with little productivity, budget insufficiency, low growth, sluggish increase in wages, and excessive healthcare costs among others. Bill Clinton outlined crucial elements of his economic strategy which included shifting emphasis from expenditure to investment, improving the tax code, making the public policy to favor families and laborers, reducing budget deficits, reducing government expenditure, and creating jobs for the American citizens (Godwin, 2009). Bill Clinton was also in favor of the international trade and was committed to the North America Free Trade Agreement
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