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Thursday, November 29, 2007
Larry Elder :: Townhall.com Columnist
The Economy: Does It Take a Clinton to Clean Up After a Bush?
by Larry Elder
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Who won Tuesday's presidential debate?


"There seems to be a pattern here. It takes a Clinton to clean up after a Bush."

So said presidential candidate Sen. Hillary Rodham Clinton, D-N.Y., during a speech -- specifically on the economy -- before a crowd in Knoxville, Iowa. Okay, we understand campaign sloganeering -- purportedly funny lines and the like during the campaign season. But shouldn't the Associated Press, in reporting Clinton's line, provide the reader with a little information?

Let's look at what incoming President Bill Clinton "cleaned up" when he took over from President George H. W. Bush in late January 1993. Despite the relentless economic news by the traditional media, Clinton entered office with an economic recovery two years old. During Bush-41's last year in office -- 1992, the year voters elected Clinton -- the economy grew 3.2 percent. President Clinton's average economic growth during his eight years was 2.4 percent.

Now look at what incoming President George W. Bush faced. The economy peaked in September of 2000. Many economic indicators, such as industrial production, peaked in September 2000 -- Clinton's last full year in office -- and continued to slide through January 2001, when Bush took office. The National Bureau of Economic Research (NBER), a non-profit organization the government uses to determine economic cycles, states the recession began in March 2001, some six weeks after Bush took over. So when W entered the White House, he dealt with an economy entering a recession -- a recession that, according to the NBER, lasted until November 2001.

Sen. Clinton's quip elicited applause from her audience, but how many in the crowd knew about the economic conditions Clinton enjoyed when entering office, or the downturn W confronted when he did so? Small wonder that so many remain ignorant about this when the Associated Press, in covering Clinton's economic speech, provides no information.

Harvard, along with the Project for Excellence in Journalism, part of the Pew Research Center for People and the Press, recently put out a study confirming the type of liberal bias in the media that denies information to consumers of news.

The study found that Democrats got more news coverage than Republicans -- 49 percent of the stories versus 31 percent. It also found the "tone" of the coverage for Democrats was more positive, 35 percent compared to 26 percent for Republicans. "In other words," the study says, "not only did the Republicans receive less coverage overall, the attention they did get tended to be more negative than that of Democrats. And in some specific media genres, the difference is particularly striking."

In 11 newspapers -- including The New York Times, Los Angeles Times, Washington Post, USA Today and Wall Street Journal -- front-page stories about Democrats had a "clear, positive message" 59 percent of the time, and only 11 percent had a negative tone. Continued...

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About The Author
Larry Elder is host of the Larry Elder Show on talk radio and author of Showdown : Confronting Bias, Lies, and the Special Interests That Divide America .
 
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©Creators Syndicate
Subject: Apollo -- Good Comments
I believe your comments are spot-on.

I think there was a study that looked at the several states and found that the only time they were able to keep the budget under control and slow the expansion of state government was when the governor faced a hostile legislature, i.e., they were of different parties.

Which one was Republican and which was Democrat had a much, much smaller impact than simply having a governor and a legislature of *different* parties.

Let us hope that, whoever gets elected president, that we somehow give congress to the other party; let's hope we can have some serious gridlock.

BS This and That
You'll forgive me if I don't analyze the entire thread to figure out what anybody is talking about, but, this one statement piqued something:

"Reducing the size of government in the future has nothing to do with the cost of repaying debt incurred today. It still has to be paid back."

Very true.

Recognize, of course, that higher spending now can only make things worse in the future.

If you're digging yourself into an ever deeper hole, then certainly you need to eventually fill that hole. But it might help if you'd at least STOP digging.
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