Billary's Ball-Busting Record: How America's Working Class Suffered the Clintons
Bill Clinton’s War on the Poor (AKA The Hillary Plan)
by Joshua Frank - CounterPunch
February 19, 2016
However, the economy under Clinton in the 1990s may not have been as robust and healthy as many would like to believe.
February 19, 2016
So, how did America’s poor fare under Bill Clinton’s White House reign? Better than George W. Bush — at least that seems to be the common belief among Democratic voters today, especially those lining up behind Madam Hillary.
However, the economy under Clinton in the 1990s may not have been as robust and healthy as many would like to believe.
As economist Robert Pollin of the University of Massachusetts at Amherst explains in Contours of Descent: US Economic Fractures and the Landscape of Global Austerity, Clintonomics was not all it was cracked up to be.
“The distribution of wealth in the US became more skewed than it had at any time in the previous forty years,” he argues. “No question, an increasing number of US jobs began to be outsourced at an unprecedented rate as well.”
“Unlike Clinton, Bush is unabashed in his efforts to mobilize the power of government to serve the wealthy,” he continues. “But we should be careful not to make too much of such differences in the public stances of these two figures, as against the outcomes that prevail during their terms of office … the ratio of wages for the average worker to the pay of the average CEO rising astronomically from 113-to-1 in 1991 under Bush-1 to 449-to-1 when Clinton left office in 2001.”