Only when the Republican captured the House was fiscal responsibility reimposed, which brings us to Clinton. He is the first president in over 20 years to try and outspend Congress. Of course, Clinton's media mates, like Wilson, made sure that he was accorded the credit for the economic results of the Republican controlled House' more responsible fiscal behaviour. My figures, however, show that the trade deficit increased by a factor of 4 from 1982 - 1987, not an annual factor of 10. But so what.
Trade deficits are never bad in themselves nor can they ever harm a country.
Only economic illiterates think otherwise. The extent of Wilson's economic ignorance is brought home by his claim that the whole process was due to cutting taxes without cutting spending anyway. This alone shows that he does not even have a basic grasp of vulgar Keynesianism. When it comes to facts an honest reporter won't bend 'em, twist 'em or omit 'em, unlike Wilson. If The Australian has any respect for the truth, let alone its readers, it will sack Wilson.