Sheldon Richman on Bill Clinton's Legacy


The former president is treated like an elder statesman whose tenure in office was so good that even some Republicans look back fondly on it. On the surface his economic record looks good, but it would be rash to credit Clinton. The information revolution took off despite him, and Congressional Republicans forced him to accept spending restraints. If there's one piece of policy for which Clinton actually deserves credit, writes Sheldon Richman, it's that he sowed the seeds of the Great Recession by helping to inflate the housing bubble, a key part of the financial debacle of 2007.