The strength of the economy was a key factor in Clinton

The strength of the economy was a key factor in Clinton -...

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Unformatted text preview: The strength of the economy was a key factor in Clinton's victory in the 1996 election against Senator Robert Dole of Kansas, and he became the first Democrat reelected to the White House since Franklin Roosevelt. Although the Republicans continued to hold a majority in the House and Senate, the president and Congress were able to compromise on deficit-reduction legislation in 1997. The economic growth was so robust that the reduction targets were met much sooner than expected. The budget shortfall that had stood at $290 billion in 1992 turned into a surplus of almost $80 billion in 1999. The stock market remained strong throughout the Clinton presidency, and the unemployment rate dropped to just over 4 percent, which many economists consider full employment. From Whitewater to impeachment. The Clinton administration was plagued by scandal. Early in From Whitewater to impeachment....
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This note was uploaded on 11/19/2011 for the course HIST 1310 taught by Professor Marshall during the Fall '08 term at Texas State.

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