[techweenie]

lendaddy: "With Reagan, you can see that he did some VERY bold things regarding the governments influence in business and tax reduction."

So many myths. Tax as a percentage of GNP at the beginning of Reagan's Presidency = 18.7%. At the end, 21%.

However, when you say Clinton got lucky on the economy, I do not disagree. We had one huge (and an arguable second smaller) recession under Reagan -- something people tend to forget. And the big one came after his 'voodoo economics' had some time to work. Under Clinton, we had a tech boom that offset a huge trade imbalance. As you say, Clinton's great contribution was not to mess with it. So he was lucky to come into office with a huge projected deficit and leave with a large projected surplus.