Fox's Bolling: The Reason The Economy Under Bill Clinton "Did So Well Is Because of Ronald Reagan"
Eric Bolling: "'Reaganomics' Came In, The Reason Why Bill Did So Well Is Because Of Ronald Reagan"
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From the May 17 edition of Fox News' The Five:
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ERIC BOLLING (CO-HOST): And here are the numbers, "Reaganomics" came in, the reason why Bill [Clinton] did so well is because of Ronald Reagan. Ronald Reagan came in, in 1980, and left in '88. In '80, GDP was negative three tenths of one percent. When he left it was 7.9, one percent annualized. Inflation dropped from 13 percent to 4 percent and unemployment went from 8 down to 5. Great great times, poverty down, taxes down, real income up. So he had this massive amount of momentum going forward. H.W. Bush four years and then Clinton takes over and to his credit Bill Clinton actually helped out, he also kept the momentum going. He had a great eight years economically.