The Daily Flashback: Boom Times Edition

Remembrance of Booms Past - The New York Times:

...What I want to do right now is talk about the lessons the Clinton I boom actually holds for a potential Clinton II administration.

First of all, it really was a very impressive boom, and in a way it’s odd that Democrats don’t talk about it more. After all, Republicans constantly invoke the miracles of Saint Reagan to justify their faith in supply-side economics. Yet the Clinton-era expansion surpassed the Reagan economy in every dimension. Mr. Clinton not only presided over more job creation and faster economic growth, his time in office was also marked by something notably lacking in the Reagan era: a significant rise in the real wages of ordinary workers...