Bill Clinton campaigned for his current job by reminding America what had happened during twelve years of Republican rule. He pointed out that wealth was transferred from the poor to the wealthy; he described an economy sapped of strength by speculation and fraud; he lamented the fact that so many people were out of work; he decried the condition of our public sector.
Clinton offered an alternative. His “putting people first” strategy proposed government-led programs of public and private investment. Clinton favored a strong economic stimulus, funding for education and training, and direct public investment in infrastructure and new technologies such as fast trains, telecommunications, and environmental innovations. These measures were designed to ease the transition from a military economy and to raise productivity and create jobs....
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