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Cato has always advocated for all countries to have free trade and a non-corrupt judicial system.
The booming Clinton economy was largely because the Republicans in the House and Senate prevented Clinton from enacting socialized medicine, and because Clinton's signing the welfare reform encouraged more people to enter the job market and create wealth, and because of the capital gains tax cut that Clinton signed.
Yes, the economy is in trouble now. However, the stock market started dropping almost a year before Clinotn left the White House. It's interesting that you criticize Bush for the current bad economy, but you never criticized Clinton for the falling stock market last year. Frankly, I don't think that either Bush or Clinton had much do to with the bad economy and falling stock market. But I just think it's interesting that you criticize Bush but not Clinton.
The best things that Clinton did as President were to sign welfare reform, and to sign the cut in capital gains taxes. Welfare reform helped millions of worthwhile, productive individuals to enter the job market and create wealth. The cut in the capital gains tax encouraged increased investment, which led to business expansion, more jobs, more investment in capital, higher worker productivity, and higher wages. And it also led to a quadrupling in capital gains tax revenues. Clinton's signing of the capital gains tax cut was a big victory for capitalism, economic growth, and supply side economics. I'm glad that you creditied Clinton for having such a positive influence on the booming economy that happened when he was President.
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