| BUSINESSWEEK ONLINE : FEBRUARY 22, 1999 ISSUE | ||||||||
| ||||||||
 | ||||||||
| READERS REPORT
It Wasn't Really the Economy, Stupid ''The economy: Clinton has played his cards well'' (Economic Viewpoint, Feb. 1) offers a huge dose of reality about the political astuteness of Bill Clinton and the economic savvy of Alan Greenspan. Clinton has been smart enough to take advantage of all of the factors that have spawned this vibrant economy, including the dour forecast of the decline in the economy in 1992, to 1.8%, which generated the saying ''It's the economy, stupid.'' In reality (as later reported), the economy grew 3.2%, but by then Bush had been defeated. But writer Robert Kuttner failed to discuss the $54 million per day that Ronald Reagan and George Bush were spending on defense. This is money that has no feedback into the economy--although it more than did its job, which was to put the Soviet military machine out of business. We are now realizing the benefit of those funds in their windfall effect on the economy. Neil L. Harmon Lake Forest Park, Wash. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
|  |
 | |
INTERACT E-Mail to Business Week Online | |||
