Bill Clinton and The Booming US Economy by Wenhui Luo Posted on September 5, 2010 Bill Clinton was The 42th President of the United States. During his administration, the U.S. had a longest economic expansion in American history. He was the first president who turns the greatest fiscal deficit in American history into a surplus. He could point to the lowest unemployment rate in modern times, the lowest inflation in 30 years, and the highest home ownership in the country's history. This entry was posted in September 7 Assignment, TV24 and tagged 1993-2001, Bill Clinton, Fiscal Surplus, Longest Economic Expansion. Bookmark the permalink.