What Is Bill Clinton's Trickle-Down Theory

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Bill Clinton and Ronald Reagan were both great presidents of their time and highly popular for their contributions to the United States. Reagan took over office during the 1980’s and played a major role in developing economy. The U.S. was still recovering from the previous decade of high unemployment rates and hyperinflation. Towards the end of his presidency, he was able to strengthen the economy and create a change. Clinton took over office during the 1990’s. Clinton broke many records during his presidency term. It was during his reign when the U.S. paid billions of dollars worth of debt and the unemployment rates were the lowest in 30 years. What were the economic policies of these two presidents? What were the results of these…show more content…
This act only benefited 1.2% of the people while 98.8% didn’t benefit. Many people believe why Clinton was successful due to the long-term effects of the “trickle-down theory.” Its possible to say both played a major role in Clintons major success in recovering America economically, Reagan on the other hand didn’t receive much attention for the his Page 3 of 4 3Nader “trickle-down” economic plan. If it had worked in theory it would have brought many jobs in and explain how Clinton was so successful in the employment rates. Both presidents had ran America in different ways. Reagan used conservative polices while Clinton mainly focused on balancing the budget, lowering unemployment rate and inflation. Its safe to say Reagan’s plan helped America in the long run while Clinton focused on short-term effects. According to conservative Bruce Bartlett a former member of the Reagan administrations, he criticized Clinton for not using the budget surplus to restructure the United States’ social security program. Bartlett claims, “By restructuring Social Security, Clinton would have helped the nation as well as his party.” Clinton had the ability to do way more than what he had…show more content…
You might still be asking yourself, which president did a better job. According to the facts its safe to say that president Reagan did a better job at his presidency, this is my opinion his long-term effect had helped the generations to come, Clinton on the other hand was brought in presidency during a surplus and he didn’t manage to achieve all his goals. They both managed to mess up the medium wealth people but Clinton took it to the next level, by reducing taxes to such a point for high wealth people most money from the trickle down strategy would not go to the government but straight to the entrepreneur. Many used the quote “we are still waiting on those trillion to trickle
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