Faced with an stagnating economy and unemployment over 8 percent on his own watch, President Obama on the stump now invokes the economy during the era of former President Bill Clinton.
The president’s invocation of Clinton is part of his pitch to raise taxes on higher income brackets, as did President Clinton in 1993; and as a contrast to his current Republican opponents who seek to extend all the Bush-era tax rates, including those on the top wage-earners, which President Obama opposes.
Essentially, within this construct, President Obama is trying to cast the choice voters face as Bill Clinton versus George W. Bush, with Bill Clinton’s economy as his, and George W. Bush’s economy as Mitt Romney’s. Clinton’s economy saw the creation of tens of millions of jobs, an economic boom and a projected federal budget surplus.
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