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[Spanky]

It was 7.53 when Clinton got elected. It climbed to 8.8 in November 1994. The Republicans got elected in November 1994 and since the Republican Congress took control it has declined steadily to 5.4. In fact it really started to climb right after the 93 deficit reduction act was passed. Clearly the markets did not have much confidence in the accomplishements of that act. The market is not big on tax increases to solve the deficit problem.

I also seems like the deficit spending of the recent Congress has not caused a spike in the interest rates. It seems the markets understand this was what was needed to get the economy rolling again.


11/1992 7.61 Clinton Elected.
12/1992 7.44
01/1993 7.34
02/1993 7.09
03/1993 6.82
04/1993 6.85
05/1993 6.92
06/1993 6.81
07/1993 6.63
08/1993 6.32
09/1993 6.00
10/1993 5.94 Deficit Reduction act passed
11/1993 6.21
12/1993 6.25
01/1994 6.29 Deficit Reduction act kicks in.
02/1994 6.49
03/1994 6.91
04/1994 7.27
05/1994 7.41
06/1994 7.40
07/1994 7.58
08/1994 7.49
09/1994 7.71
10/1994 7.94
11/1994 8.08 Repubican's elected to Congress.
12/1994 7.87
01/1995 7.85 Republicans take control of Congress
02/1995 7.61
03/1995 7.45
04/1995 7.36
05/1995 6.95
06/1995 6.57
07/1995 6.72
08/1995 6.86
09/1995 6.55
10/1995 6.37
11/1995 6.26
12/1995 6.06
01/1996 6.05
02/1996 6.24
03/1996 6.60
04/1996 6.79
05/1996 6.93
06/1996 7.06
07/1996 7.03
08/1996 6.84
09/1996 7.03
10/1996 6.81
11/1996 6.48
12/1996 6.55
01/1997 6.83
02/1997 6.69
03/1997 6.93
04/1997 7.09
05/1997 6.94
06/1997 6.77
07/1997 6.51
08/1997 6.58
09/1997 6.50
10/1997 6.33
11/1997 6.11
12/1997 5.99
01/1998 5.81
02/1998 5.89
03/1998 5.95
04/1998 5.92
05/1998 5.93
06/1998 5.70
07/1998 5.68
08/1998 5.54
09/1998 5.20
10/1998 5.01
11/1998 5.25
12/1998 5.06
01/1999 5.16
02/1999 5.37
03/1999 5.58
04/1999 5.55
05/1999 5.81
06/1999 6.04
07/1999 5.98
08/1999 6.07
09/1999 6.07
10/1999 6.26
11/1999 6.15
12/1999 6.35
01/2000 6.63
02/2000 6.23
03/2000 6.05
04/2000 5.85
05/2000 6.15
06/2000 5.93
07/2000 5.85
08/2000 5.72
09/2000 5.83
10/2000 5.80
11/2000 5.78 Bush elected
12/2000 5.49
01/2001 5.54
02/2001 5.45
03/2001 5.34
04/2001 5.65
05/2001 5.78
06/2001 5.67
07/2001 5.61
08/2001 5.48
09/2001 5.48
10/2001 5.32
11/2001 5.12
12/2001 5.48
01/2002 5.45
02/2002 5.40