Map of Rokytnice nad Jizerou on Clinton’s enduring legacy is likely to be the economic boom that began shortly before he took office in 1992. During his eight years in the White House, the economy expanded by 50 percent in real terms and by the end of the era the United States had a GROSS NATIONAL PRODUCT (GDP) equal to one quarter of the entire world economic output. The UNEMPLOYMENT rate dropped by half to 4 percent, a 40-year low, while the economy created some 15 million jobs. The stock market grew even faster, by more than three times, creating thousands of millionaires among middle-class stockholders. Clinton had decided early in his administration that debt reduction, not tax cuts, was the best way to preserve economic growth. This economic policy set the scene for a series of confrontations between Clinton and Congress over what spending should be cut to reach a balanced budget. There were two government shutdowns when agreement could not be reached on the budget, one lasting nearly six weeks. Map of Rokytnice nad Jizerou 2016.
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