If you're willing to give as much credit to Reagan for the 80's economy, Clinton deserves the same lions' share of the credit for the boom in the 90's.
"We should cut middle-classes taxes immediately by 10 percent." Clinton, Campaign Document, September 1992.
Alpha 1, it may be hard for you to accept, I know, but it is quite clear that Reagan was responsible for the economic recovery after Carter's disastrous presidency, and that the Republican congress majority elected after Clinton took office was reponsible for the boom times of the 90's. Clinton just got lucky and managed to ride the wave. He was hardly in the Oval Office for a couple of weeks when he offered up
1991-1992 you ask? Bush tried to compromise with the Democrats and he got stabbed in the back. Cost him the election too, when they moved away from Reagan's policies.
Let's look at what Clinton (who may be the most successful liar to ever run for President, you have to admit that Slick Willie was pretty darn good at it) said when running for office and later, when he actually got there.
"We want to give modest middle-class tax relief to restore some fairness, especially to middle-class people with families with incomes of under $60,000 per year." Clinton, first Presidential debate, October 1992.
"I've offered a comprehensive plan to get our economy moving again. It starts with a tax cut for the middle class." Clinton, first campaign ad, 1992.
"I will not raise taxes on the middle class." Clinton, June 21, 1992
"I'm not going to raise taxes on the middle class." Clinton, July 13, 1992
"I will slash boondoggle projects." Clinton "Putting People First."
The Clinton team's search for programs 'that don't work or are no longer needed' found only eleven." Wall Street Journal, March 23, 1993
And the about face:
"I don't like to use the word sacrifice." Clinton, May 1992.
"It will not be easy. It will require sacrifice." Clinton, January 1993.
"There are [tax] increases for every family making more than $20,000 a year." New York Times analysis of Clinton's budget.
"I had hoped to invest in your future without asking more of you. And I've worked harder than I've ever worked in my life to meet that goal. But I can't." Clinton, Oval Office Address, February 15, 1993, announcing middle-class tax increase after being in office less than on month.
$178 billion: cost of Clinton's proposed new spending. $173 billion: revenues raised under Clinton plan from Social Security, income, energy, and gas taxes. Clinton's budget document, "A Vision of Change for America," February 1993.
"It is a disgrace to the American people that the president of the United States would make a claim that is so baseless, that is so without foundation, so shameful in its attempt to get votes under false pretenses." Clinton, October 1, 1992, in response to a Bush-Quayle ad that people with incomes of as little as $30,000 would pay more taxes under the Clinton plan.
"I'm going to ask them [Congress] to cut spending in a broad range of areas." Clinton, February 10, 1993, referring to budget that cuts spending primarily in one area: the military.
Some other gems:
"This plan is not play or pay. It will require no new taxes." Clinton, September 24, 1992, in a speech on his health-care plan to employees of Merck.
"Clinton Health Plan to Cost $100 Billion a Year" Washington Times, April 23, 1993.
"I did not mean to float a trial balloon about a national sales tax. It's not under consideration at this time. Ten to 15 years away." Clinton, February 19, 1993.
"Certainly we're looking at a VAT tax." Donna Shalala, Secretary of of Health and Human Services, April 15, 2003.
"I'm sure--after almost five weeks in office--that there are more [budget] cuts coming." Clinton, U.S. Chamber of Commerce, February 1993.
"The President had no specific cuts in mind and no schedule for making them." George Stephanopoulos, the next day.
How in THE WORLD can Clinton, as evidenced by all these things that he proposed just after getting into office, possibly be responsible for the 90's boom? The answer, of course, is that he wasn't. Newt Gingrich had more to do with it than he did.