Former American President Bill Clinton is credited with significant economic reforms including a reduction in public debt and several budget surpluses during his 8-year presidency (Harris). During the recent Democratic National Convention (DNC), Clinton endorsed President Obama for a second term. He voiced his support for the economic reforms achieved under President Obama arguing that no president could have repaired the economic damages in just four years (The Associated Press). He stressed on economic initiatives that have over the last four years created jobs for Americans and increased the number of Americans in middle class.
Clinton asked Americans to give president Obama more time to improve the economy. He reiterated that Obama inherited a weaker economy than he himself did when he took office in 1993. People from different quarters hailed Clinton’s speech as convincing and a true account of Obama’s economic record since it was backed by facts and figures (Barro).
Clinton lauded Obama’s plan to cut the national debt by $4 trillion stating that it was a more balanced approach compared to the one offered by Romney (The Associated Press). He stated that Romney’s approach begins with trillions of dollars in tax cuts, a move which will potentially increase the debt. Clinton also stated that since 1961, democratic presidents have held office for 24 years and created 42 million jobs as compared to their Republican counterparts who have held the presidential office for 28 years and created 24 million jobs (The Associated Press). In addition, Clinton noted that since the Obama administration restructured the auto industry, more than 250,000 jobs were created (The Associated Press).
Former president, Bill Clinton’s speech at the DNC touched on the improved economic aspects of the Obama administration such as increased jobs in the auto industry. He also noted the disparities in the number of jobs created by democratic part presidents since 1961. From Clinton’s speech, it is apparent that the creation of jobs is the key to improving the economy.
Works Cited
Barro, Josh. "Obama’s Lame, Unconvincing Speech - Bloomberg." Bloomberg - Business,
Financial & Economic News, Stock Quotes. N.p., 7 Sept. 2012. Web. 13 Sept. 2012.
Harris, John. The Survivor: Bill Clinton in the White House. New York: Random House. 2005.
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The Associated Press. "Bill Clinton Speech At Democratic National Convention Highlighted
Medicare, Economy." Breaking News and Opinion on The Huffington Post. N.p., n.d.
Web. 13 Sept. 2012.
