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Essay / Research Paper Abstract
A 7 page paper discussing the economic policies of Presidents George H. Bush (1989-93), William J. Clinton (1993-2001), and George W. Bush (2001-present). Five tables list Dow Jones and S&P 500 averages; interest rates, unemployment rates and personal income for each year. Thankfully, the three presidents of 1989-2003 could see the value of maintaining a largely hands-off policy regarding the economy. George Bush Senior preserved Reagan’s changes so that they could have full effect; Clinton instituted NAFTA and Welfare-to-Work, easing existing pressures. To date, it appears that George W. Bush has no domestic economic policy, but the lessons of the past indicate that too little action is much to be preferred over too much, too late. Bibliography lists 5 sources.
Page Count:
7 pages (~225 words per page)
File: CC6_KSeconPol3Prez.rtf
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Unformatted sample text from the term paper:
to fit all into the ordered number of pages. There is an extra page here already; revision will require purchase of additional pages. Introduction
Presidents George H. Bush (1989-93), William J. Clinton (1993-2001), and George W. Bush (2001-present) approached managing the economy of the country in very different ways. George Bush
Senior dedicated his economic policy to preserving the changes instituted by his predecessor Ronald Reagan, the "trickle down" approach decried and defamed by many as being blatantly in favor of
"the rich." George Bush Seniors protection of Reaganomics resulted in marked improvement by the end of his term in office; the Clinton administration was able to profit well from
the foundation. The US economy enjoyed the longest period of economic expansion ever known during the decade of the 1990s. A recession
in 1991-92 was aided by the Gulf War in 1991; the advent of the Internet increased American worker productivity so greatly that the economy continued to grow well beyond the
point at which observers began expecting the inevitable "correction," or downturn. The economy was teetering on the brink of that correction at the time of the terrorist attacks of
September 11, 2001, and rushed headlong into full blown recession with the grounding of the US airline industry. Selected Economic Indicators Prior to
the end of the Gulf War in 1991, conventional wisdom held that a Dow Jones average of 3,000 would be "impossible" to sustain. The market ventured past the 3,000
mark several times before finally closing at over 3,000. After achieving the supposed impossible, the market simply continued to increase in value. Figures 1 and 2 illustrate. Figure
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