What Is The Economic Expansion Of The 1990s

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People should bet money on how many people want to go back to the 90s economy. The economic expansion of the 1990s was the longest in recorded American history. Everything was peachy keen. The economy flourished under the leadership of President Bill Clinton. Republicans say that the government did not spend as much then, then they do now.

So what happened in the 90s? First, the unemployment averaged just 5.7 percent. The stock market returned 18 percent a year for the decade. Inflation was tame. And the federal government actually ran surpluses for a few years. Because of this the economy was off to a good start.

Then there was a story about Microchips. The economy did fine after tax rates on high earners were raised in 1993. Tax rates
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