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| | ==Second term== | | ==Second term== |
| | With the [[Cold War]] over, the economy proved highly prosperous, and after the [[Republicans]] won control of Congress the budget was not only balanced but a surplus was produced for the first time in memory. The reasons include reduction in defense spending after the Cold War (from 5% of GDP to 3%), a revenue burst from the [[dot-com bubble]] (the short-lived overexpansion of high tech), restraints on spending imposed by [[Newt Gingrich]] and the GOP Congress, and the fruition of Reagan era tax cuts for business research and development in the consumer electronics (computer and cell phone) industry. | | With the [[Cold War]] over, the economy proved highly prosperous, and after the [[Republicans]] won control of Congress the budget was not only balanced but a surplus was produced for the first time in memory. The reasons include reduction in defense spending after the Cold War (from 5% of GDP to 3%), a revenue burst from the [[dot-com bubble]] (the short-lived overexpansion of high tech), restraints on spending imposed by [[Newt Gingrich]] and the GOP Congress, and the fruition of Reagan era tax cuts for business research and development in the consumer electronics (computer and cell phone) industry. |
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| | === Impeachment === | | === Impeachment === |
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| | On August 17, 1998, after relentless media attention, leaks, and news of White House intern [[Monica Lewinsky]]'s upcoming testimony regarding her extramarital affair with the President, Clinton made history by becoming the first U.S. president to testify in front of a grand jury in an investigation of his own possibly criminal conduct. In an address to the nation, he admitted to having misled the public and a Federal Court over keys elements of testimony. [[Kenneth Starr]], a special prosecutor appointed to investigate the case, was instructed to pursue the matter. | | On August 17, 1998, after relentless media attention, leaks, and news of White House intern [[Monica Lewinsky]]'s upcoming testimony regarding her extramarital affair with the President, Clinton made history by becoming the first U.S. president to testify in front of a grand jury in an investigation of his own possibly criminal conduct. In an address to the nation, he admitted to having misled the public and a Federal Court over keys elements of testimony. [[Kenneth Starr]], a special prosecutor appointed to investigate the case, was instructed to pursue the matter. |
| | [[File:ClintonTIME9801.jpg|thumb|290px]] | | [[File:ClintonTIME9801.jpg|thumb|290px]] |
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| | It was during this scandal that Clinton famously stated: "It depends on what the meaning of the word 'is' is".<ref>http://news.bbc.co.uk/onthisday/hi/dates/stories/september/21/newsid_2525000/2525339.stm</ref> | | It was during this scandal that Clinton famously stated: "It depends on what the meaning of the word 'is' is".<ref>http://news.bbc.co.uk/onthisday/hi/dates/stories/september/21/newsid_2525000/2525339.stm</ref> |
| | [[File:Dow10000.JPG|thumb|290px|Performance of the Dow Jones Industrial Average since Clinton asked to privatize Social Security; Clinton made his proposal at or near the top of the investment cycle when stocks were overvalued, prior to the crash.]] | | [[File:Dow10000.JPG|thumb|290px|Performance of the Dow Jones Industrial Average since Clinton asked to privatize Social Security; Clinton made his proposal at or near the top of the investment cycle when stocks were overvalued, prior to the crash.]] |
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| | + | ===Repeal of Glass-Steagall Act=== |
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| | === Proposal to privatize Social Security === | | === Proposal to privatize Social Security === |
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| | In 1999 President Clinton proposed investing the Social Security Trust Fund in what some might consider "risky" assets in the [[stock market]] and [[bond]]s. The stock market then was in the late stages of a bull market cycle with stock prices and indexes overvalued. Clinton told a joint meeting fo the U.S. House of Representatives and Senate, | | In 1999 President Clinton proposed investing the Social Security Trust Fund in what some might consider "risky" assets in the [[stock market]] and [[bond]]s. The stock market then was in the late stages of a bull market cycle with stock prices and indexes overvalued. Clinton told a joint meeting fo the U.S. House of Representatives and Senate, |
| | {{Cquote|'''I propose that we commit 60 percent of the budget surplus for the next 15 years to Social Security, investing a small portion in the [[private sector]], just as any private or State Government pension would do.'''<ref>[http://www.c-span.org/Transcripts/SOTU-1999.aspx President Bill Clinotn's 1999 State of the Union Address,] January 19, 1999. Retrieved from C-Span.org 19 August 2010.</ref>}} | | {{Cquote|'''I propose that we commit 60 percent of the budget surplus for the next 15 years to Social Security, investing a small portion in the [[private sector]], just as any private or State Government pension would do.'''<ref>[http://www.c-span.org/Transcripts/SOTU-1999.aspx President Bill Clinotn's 1999 State of the Union Address,] January 19, 1999. Retrieved from C-Span.org 19 August 2010.</ref>}} |
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| | === Foreign Policy === | | === Foreign Policy === |
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| | Critics of Clinton argued that he lacked a knowledge of [[world]] affairs. In his 1992 speech at the Democrat National Convention, he devoted one minute to foreign policy issues in an oration that lasted an hour. <ref>The Presidents by David Maraniss, Pg. 626</ref> Clinton entered office after the U.S. won the [[Cold War]], and the U.S. was the only superpower. There were no major foreign crisis during his presidency. His foreign policy was based on five principles: 1) strong alliances with Europe and Asia, 2) positive relations with former adversaries, 3) a global perspective on local conflicts, 4) the adaptation of national security priorities to incorporate technological advances, and 5) effective economic integration.<ref>Samuel R. Berger, "A Foreign Policy for the Global Age," ''Foreign Affairs'' 2000 79(6): 22-39. 0015-7120 </ref> | | Critics of Clinton argued that he lacked a knowledge of [[world]] affairs. In his 1992 speech at the Democrat National Convention, he devoted one minute to foreign policy issues in an oration that lasted an hour. <ref>The Presidents by David Maraniss, Pg. 626</ref> Clinton entered office after the U.S. won the [[Cold War]], and the U.S. was the only superpower. There were no major foreign crisis during his presidency. His foreign policy was based on five principles: 1) strong alliances with Europe and Asia, 2) positive relations with former adversaries, 3) a global perspective on local conflicts, 4) the adaptation of national security priorities to incorporate technological advances, and 5) effective economic integration.<ref>Samuel R. Berger, "A Foreign Policy for the Global Age," ''Foreign Affairs'' 2000 79(6): 22-39. 0015-7120 </ref> |
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| | Butfoy (2006) argues that in the 1990s the "revolution in military affairs" (RMA), which produced "smart" weapons like cruise missiles, came of age. This apparently transformed how America viewed the relationship between force and international relations. It looked as though technology was framing foreign policy. In particular, smart weapons enabled Clinton to combine risk minimization with an expanded security agenda. However, we should be wary of ascribing technological determinism to the conflicts of the 1990s dominated by Washington's flexing of its strategic superiority, such as its bombing of Belgrade. As shown by comparison with US strategy after the September 11, 2001 terrorist attacks, Washington's stance in the 1990s was shaped by linkages between technology and specific political circumstances. As these circumstances changed, so did the RMA's place in US efforts to shape world order. | | Butfoy (2006) argues that in the 1990s the "revolution in military affairs" (RMA), which produced "smart" weapons like cruise missiles, came of age. This apparently transformed how America viewed the relationship between force and international relations. It looked as though technology was framing foreign policy. In particular, smart weapons enabled Clinton to combine risk minimization with an expanded security agenda. However, we should be wary of ascribing technological determinism to the conflicts of the 1990s dominated by Washington's flexing of its strategic superiority, such as its bombing of Belgrade. As shown by comparison with US strategy after the September 11, 2001 terrorist attacks, Washington's stance in the 1990s was shaped by linkages between technology and specific political circumstances. As these circumstances changed, so did the RMA's place in US efforts to shape world order. |
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| | + | ====North Korean nukes==== |
| | + | From 1985 to 1992, N. Korea "bought time" for its nuclear weapons program by entering into a series of international diplomatic agreements under which it promised to "deweaponize" its reactors and halt further production of plutonium. By Clinton's second, however, N. Korea had violated the terms of most of the non-proliferation agreements and withdrew from the rest. |
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| | + | Clinton forged an agreement with Kim Il-sung that the North would temporarily halt its signed on Oct. 21, 1994 known as the "Agreed Framework."<ref>http://usgovinfo.about.com/library/weekly/aankorea.htm</ref> |
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| | + | In addition to the oil supplied under the 1994 Agreed Framework, North Korea continued to the United States and other countries for free, unconditional food aid while eschewing any real reform of its [[Stalin]]ist agricultural system. <ref>http://www.fas.org/spp/starwars/crs/91-141.htm</ref> |
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| | + | By 2000, the United States contribution of food and other forms of humanitarian aid to North Korea had amounted to over $61 million. |
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| | ====Human Rights==== | | ====Human Rights==== |
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| | Clinton actively promoted the expansion of NATO to the east, over the objections of Russia. Russia wanted to maintain some degree of control over its former satellites, and they wanted true independence. The NATO expansion was a political decision. An expanded NATO gave full play to political functions aimed at merging East European nations into NATO and bringing about their transformation into Western-style political and economic systems. NATO members will continue to work toward containing Russia if it fails to integrate itself into the West and returns to its traditional expansionist practices. The Russian transformation and NATO's adjustment influenced each other. | | Clinton actively promoted the expansion of NATO to the east, over the objections of Russia. Russia wanted to maintain some degree of control over its former satellites, and they wanted true independence. The NATO expansion was a political decision. An expanded NATO gave full play to political functions aimed at merging East European nations into NATO and bringing about their transformation into Western-style political and economic systems. NATO members will continue to work toward containing Russia if it fails to integrate itself into the West and returns to its traditional expansionist practices. The Russian transformation and NATO's adjustment influenced each other. |
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| | =====Bosnia===== | | =====Bosnia===== |
| | With the breakup of [[Yugoslavia]] civil wars erupted leading to genocide. With NATO support--but without UN approval--Clinton sent in the US Air Force to launch air strikes on Serbs in Bosnia and later deployed twenty thousand troops. The goal was to protect Muslim Bosnians from genocidal attacks from the Serbs. The policy eventually worked in Bosnia but later had to be extended to nearby Kosovo. Clinton briefly consulted Congress, but promised the troops would soon leave. They remained for years. | | With the breakup of [[Yugoslavia]] civil wars erupted leading to genocide. With NATO support--but without UN approval--Clinton sent in the US Air Force to launch air strikes on Serbs in Bosnia and later deployed twenty thousand troops. The goal was to protect Muslim Bosnians from genocidal attacks from the Serbs. The policy eventually worked in Bosnia but later had to be extended to nearby Kosovo. Clinton briefly consulted Congress, but promised the troops would soon leave. They remained for years. |
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| | =====Kosovo===== | | =====Kosovo===== |
| | There was no internationally significant [[human rights]] crisis in Kosovo immediately prior to the NATO bombardment that justified its intervention on behalf of the ethnic-[[Albania]]n population. The problems of warfare that existed in Kosovo were largely a result of Clinton's support for the [[Kosovo Liberation Army]] (KLA), a narco-[[terrorist]] organization<ref>http://nobsblog.blogspot.com/2002/05/whos-kla.html</ref> linked to [[al Qaeda]], with the intent of causing a crisis that justified intervention. The intervention was not humanitarian. NATO failed to produce evidence of massacres approaching anywhere near its claims. The intervention was illegal, destructive, and based on fraudulent claims.<ref>http://www.globalresearch.ca/index.php?context=va&aid=1666</ref> | | There was no internationally significant [[human rights]] crisis in Kosovo immediately prior to the NATO bombardment that justified its intervention on behalf of the ethnic-[[Albania]]n population. The problems of warfare that existed in Kosovo were largely a result of Clinton's support for the [[Kosovo Liberation Army]] (KLA), a narco-[[terrorist]] organization<ref>http://nobsblog.blogspot.com/2002/05/whos-kla.html</ref> linked to [[al Qaeda]], with the intent of causing a crisis that justified intervention. The intervention was not humanitarian. NATO failed to produce evidence of massacres approaching anywhere near its claims. The intervention was illegal, destructive, and based on fraudulent claims.<ref>http://www.globalresearch.ca/index.php?context=va&aid=1666</ref> |
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| | ====Ireland==== | | ====Ireland==== |
| | But for the efforts of President Clinton and his administration, and his special envoy Senator George Mitchell, the [[Good Friday Agreement]] (1998) reached between the British government, Irish republicans, and Ulster unionists would be impossible and the troubles would still be going on. | | But for the efforts of President Clinton and his administration, and his special envoy Senator George Mitchell, the [[Good Friday Agreement]] (1998) reached between the British government, Irish republicans, and Ulster unionists would be impossible and the troubles would still be going on. |
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| − | From 1985 to 1992, N. Korea "bought time" for its nuclear weapons program by entering into a series of international diplomatic agreements under which it promised to "deweaponize" its reactors and halt further production of plutonium. By Clinton's second, however, N. Korea had violated the terms of most of the non-proliferation agreements and withdrew from the rest.
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| − | Clinton forged an agreement with Kim Il-sung that the North would temporarily halt its signed on Oct. 21, 1994 known as the "Agreed Framework."<ref>http://usgovinfo.about.com/library/weekly/aankorea.htm</ref>
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| − | In addition to the oil supplied under the 1994 Agreed Framework, North Korea continued to the United States and other countries for free, unconditional food aid while eschewing any real reform of its [[Stalin]]ist agricultural system. <ref>http://www.fas.org/spp/starwars/crs/91-141.htm</ref>
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| − | By 2000, the United States contribution of food and other forms of humanitarian aid to North Korea had amounted to over $61 million.
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| | ====Middle East==== | | ====Middle East==== |
| − | There was little progress in the Middle East, where US support for Israel angered the Arabs. While Clinton made some accomplishments, including the 1993 Oslo Accords, the death of Israel’s prime minister [[Yitzhak Rabin]] in 1995 slowed the peace process. The election of Ehud Barak as prime minister in May 1999 appeared to give the president his last chance to achieve a foreign policy success. A meeting at Camp David between Palestinian leader [[Yasser Arafat]] and Barak in December 2000 produced a plan to create a Palestinian state in about 95% of the West Bank and Gaza. The plan was not accepted by the public on either side. President Clinton's hesitant political style was partially responsible for the lack of a lasting peace settlement. | + | There was little progress in the Middle East, where US support for Israel angered the Arabs. While Clinton made some accomplishments, including the 1993 Oslo Accords, the death of Israel’s prime minister [[Yitzhak Rabin]] in 1995 slowed the peace process. The election of Ehud Barak as prime minister in May 1999 appeared to give the president his last chance to achieve a foreign policy success. A meeting at Camp David between Palestinian leader [[Yasser Arafat]] and Barak in December 2000 produced a plan to create a Palestinian state in about 95% of the West Bank and Gaza. The plan was not accepted by the public on either side. President Clinton's hesitant political style was partially responsible for the lack of a lasting peace settlement.====Japan==== |
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| − | ====Japan==== | |
| | Relations with Japan, the main American ally in Asia, started off poorly. Yet by 2000, both sides realized how important friendship was, and this led to a redefinition and strengthening of the US-Japanese alliance. Although some changes have occurred in the asymmetry of power in the post-Cold War alliance with the relationship becoming less unequal, US interests still dominate, for the weakness of the Japanese economy limited its self confidence. | | Relations with Japan, the main American ally in Asia, started off poorly. Yet by 2000, both sides realized how important friendship was, and this led to a redefinition and strengthening of the US-Japanese alliance. Although some changes have occurred in the asymmetry of power in the post-Cold War alliance with the relationship becoming less unequal, US interests still dominate, for the weakness of the Japanese economy limited its self confidence. |
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| | ====India==== | | ====India==== |
| | Relations with India were expected to improve following the end of the Cold War. They did not do so as both sides mishandled relations. The contradictory policies of the Clinton administration that simultaneously pressured India to liberalize its economy while criticizing New Delhi on human rights and nuclear issues undermined the very officials who strove to improve ties. In the face of criticism from Washington and opposition at home, Indian diplomats lost their enthusiasm for rapprochement. The controversy that surrounded the passage of the Brown Amendment, which restored aid to Pakistan in 1995 despite Islamabad's violation of the 1985 Pressler Amendment, is a case study of the delicate nature of the Indo-American relationship. In resurrecting Cold War rhetoric, Indian parliamentarians and American congressmen demonstrated their unwillingness to establish a new relationship. However the [[George W. Bush]] administration reversed policy and developed close, friendly ties to India. | | Relations with India were expected to improve following the end of the Cold War. They did not do so as both sides mishandled relations. The contradictory policies of the Clinton administration that simultaneously pressured India to liberalize its economy while criticizing New Delhi on human rights and nuclear issues undermined the very officials who strove to improve ties. In the face of criticism from Washington and opposition at home, Indian diplomats lost their enthusiasm for rapprochement. The controversy that surrounded the passage of the Brown Amendment, which restored aid to Pakistan in 1995 despite Islamabad's violation of the 1985 Pressler Amendment, is a case study of the delicate nature of the Indo-American relationship. In resurrecting Cold War rhetoric, Indian parliamentarians and American congressmen demonstrated their unwillingness to establish a new relationship. However the [[George W. Bush]] administration reversed policy and developed close, friendly ties to India. |
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| | ====Canada==== | | ====Canada==== |
| | Relations with Canada went smoothly. Thanks to the precedent set by the [[Brian Mulroney]] government and the administration of [[George H.W. Bush]] in the resolution of issues such as the acid rain problem and the Pacific salmon dispute. A friendly relationship between the Canadian prime minister [[Jean Chrétien]] and Clinton helped, as did the strong economic growth enjoyed by both countries. In addition, there were multilateral and bilateral institutions in place, such as the North American Free Trade Agreement, to resolve some major disagreements. However, the relationship faces a number of challenges in the future. While concerns about ballistic missile attacks and threats of international terrorism are priorities for Americans, Canadians do not share those concerns but view the importation of American culture into their country with trepidation, and there are no institutional structures in place to resolve disagreements on these particular issues. | | Relations with Canada went smoothly. Thanks to the precedent set by the [[Brian Mulroney]] government and the administration of [[George H.W. Bush]] in the resolution of issues such as the acid rain problem and the Pacific salmon dispute. A friendly relationship between the Canadian prime minister [[Jean Chrétien]] and Clinton helped, as did the strong economic growth enjoyed by both countries. In addition, there were multilateral and bilateral institutions in place, such as the North American Free Trade Agreement, to resolve some major disagreements. However, the relationship faces a number of challenges in the future. While concerns about ballistic missile attacks and threats of international terrorism are priorities for Americans, Canadians do not share those concerns but view the importation of American culture into their country with trepidation, and there are no institutional structures in place to resolve disagreements on these particular issues. |
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| | ====Mexico and NAFTA==== | | ====Mexico and NAFTA==== |
| | Clinton, with GOP help, passed a free trade agreement over the objection of most Democrats and labor unions. The implementation of the North American Free Trade Agreement (NAFTA) generated political disagreements and stress in Mexico, involving issues of economics, labor unions, environmentalism, and international power. Mexico's financial crisis of 1993-95, which led to peso devaluation and new dislocations in that country, and disputes between Clinton and the Congress also exacerbated NAFTA's implementation. Nonetheless, the positive consequences of NAFTA included increases in Mexican imports to the United States and shifts in the trade balance in Mexico's favor. | | Clinton, with GOP help, passed a free trade agreement over the objection of most Democrats and labor unions. The implementation of the North American Free Trade Agreement (NAFTA) generated political disagreements and stress in Mexico, involving issues of economics, labor unions, environmentalism, and international power. Mexico's financial crisis of 1993-95, which led to peso devaluation and new dislocations in that country, and disputes between Clinton and the Congress also exacerbated NAFTA's implementation. Nonetheless, the positive consequences of NAFTA included increases in Mexican imports to the United States and shifts in the trade balance in Mexico's favor. |
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| | ====Iraq==== | | ====Iraq==== |
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| | ===Terrorist pardons=== | | ===Terrorist pardons=== |
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| | On August 11, 1999, President Clinton offered clemency to members of the [[Armed Forces of National Liberation]] (FALN) [[terrorist]] group. <ref>[http://web.archive.org/web/20070703053819/http://rpc.senate.gov/_files/92199CoddlingTerrorists.pdf U.S. Senate Judiciary Committee] testimony available at http://www.senate.gov/~judiciary/wl91599.htm, ''The Tampa Tribune'', S.J.Res. 33 (passed 95-2).</ref> On January 24, 1975 the FALN bombed Fraunces Tavern in Manhattan killing four people. Over a six-year period, the group claimed responsibility for more than 100 bombings that took six lives and injured some 130 people.<ref>[http://www.latinamericanstudies.org/puertorico/sep4.htm Clinton Pardons Terror], ''New York Post'', August 13, 1999. retrieve from http://www.latinamericanstudies.org September 14, 2007.</ref> Deputy Attorney General [[Eric Holder]] was credited with with an "unconscionable" effort to circumvent the standard pardon process, not consulting with the [[Department of justice]]'s pardon attorney and keeping deliberations hidden from the district U.S. attorney and investigative agencies. [[Weather Underground]] [[terrorists]] [[Linda Evans]] and Susan Rosenberg were also pardoned.<ref>[http://article.nationalreview.com/?q=YmM1OGM4OGRiNTI5NTIzOTFkMDAwMTJiNGFlYWFiZGI= ''Confirming Fears''], Editorial, National Review Online, November 19, 2008.</ref> | | On August 11, 1999, President Clinton offered clemency to members of the [[Armed Forces of National Liberation]] (FALN) [[terrorist]] group. <ref>[http://web.archive.org/web/20070703053819/http://rpc.senate.gov/_files/92199CoddlingTerrorists.pdf U.S. Senate Judiciary Committee] testimony available at http://www.senate.gov/~judiciary/wl91599.htm, ''The Tampa Tribune'', S.J.Res. 33 (passed 95-2).</ref> On January 24, 1975 the FALN bombed Fraunces Tavern in Manhattan killing four people. Over a six-year period, the group claimed responsibility for more than 100 bombings that took six lives and injured some 130 people.<ref>[http://www.latinamericanstudies.org/puertorico/sep4.htm Clinton Pardons Terror], ''New York Post'', August 13, 1999. retrieve from http://www.latinamericanstudies.org September 14, 2007.</ref> Deputy Attorney General [[Eric Holder]] was credited with with an "unconscionable" effort to circumvent the standard pardon process, not consulting with the [[Department of justice]]'s pardon attorney and keeping deliberations hidden from the district U.S. attorney and investigative agencies. [[Weather Underground]] [[terrorists]] [[Linda Evans]] and Susan Rosenberg were also pardoned.<ref>[http://article.nationalreview.com/?q=YmM1OGM4OGRiNTI5NTIzOTFkMDAwMTJiNGFlYWFiZGI= ''Confirming Fears''], Editorial, National Review Online, November 19, 2008.</ref> |
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