During Bill Clinton's presidency in the 1990s, the US economy experienced low inflation and unemployment due to expansionary fiscal policies like tax cuts and spending increases. In contrast, George W. Bush pursued contractionary fiscal policies through tax cuts and increased defense spending, which contributed to higher budget deficits and debt. These different approaches to fiscal policy had implications for inflation and unemployment levels under each president.
During Bill Clinton's presidency in the 1990s, the US economy experienced low inflation and unemployment due to expansionary fiscal policies like tax cuts and spending increases. In contrast, George W. Bush pursued contractionary fiscal policies through tax cuts and increased defense spending, which contributed to higher budget deficits and debt. These different approaches to fiscal policy had implications for inflation and unemployment levels under each president.
During Bill Clinton's presidency in the 1990s, the US economy experienced low inflation and unemployment due to expansionary fiscal policies like tax cuts and spending increases. In contrast, George W. Bush pursued contractionary fiscal policies through tax cuts and increased defense spending, which contributed to higher budget deficits and debt. These different approaches to fiscal policy had implications for inflation and unemployment levels under each president.