The claim: Tim Kaine says Bill Clinton presided over “biggest” U.S. economic expansion since World War II [note it says "presided over" not "created"]. “Republican U.S. Senate candidate George Allen says he’s a better job creator than Tim Kaine, his Democrat opponent.” It goes on to explain the different measures of economic expansion. According to Economists the best measure is the average annual rate of real GDP growth in constant dollars. That put Clinton in third place, not first. Clinton came out on top of one, making the claim “mostly true”. But, it does not refute my claim as to what contributed so greatly to the economy at that time. Clinton had nothing to do with the Dot Com positive effect on the economy – he just happened to be in office at the right time before it burst.

Also, that link does not support your and the leftists claims that Clinton had a surplus. If Clinton had a surplus of $62.904 billion, why did the government borrow $1.395 trillion during that time which was passed on? As is usually the case in claims such as this, it has to do with Washington doublespeak and political smoke and mirrors. Fact; Clinton did NOT pass on a surplus to Bush, it was a debt..

The Myth of the Clinton Surplus, Part II
http://www.craigsteiner.us/articles/32
http://www.craigsteiner.us/articles/30
http://finance.townhall.com/columnists/craigsteiner/2011/08/22/the_clinton_surplus_myth/page/full/

Clinton also passed on the time bombs related to the housing bubble and the derivatives.

He was the cause almost single handedly for the disaster to the economy once he was out of office that was all blamed on Bush. Clinton did create a housing bubble and bad mortgages with his pressure on the regulators/banks concerning the Community Reinvestment Act (CRA), and worse he created and passed on the derivatives timebomb created by the Commodity Futures Modernization Act (CFMA) of 2000. Bush tried to get Congress to do something about it in 2001:
http://www.youtube.com/watch?v=cMnSp4qEXNM

CFMA officially ensured the deregulation of financial products known as over-the-counter derivatives. Clinton signed it into law on 12/21/2000. It clarified the law so that most over-the-counter (OTC) derivatives transactions between “sophisticated parties” would not be regulated as “futures” under the Commodity Exchange Act of 1936 (CEA) or as “securities” under the federal securities laws. Instead, the major dealers of those products (banks and securities firms) would continue to have their dealings in OTC derivatives supervised by their federal regulators under general “safety and soundness” standards. The Commodity Futures Trading Commission’s (CFTC) desire to have “Functional regulation” of the market was also rejected. Instead, the CFTC would continue to do “entity-based supervision of OTC derivatives dealers.” {In other words, the bill assured bankers that they wouldn’t face any legal consequences in the United States when they manipulated, defrauded, and colluded their way to billions in profits using financial derivatives that no one understood). These derivatives, especially the credit default swaps, were at the heart of the financial crisis of 2008 and the subsequent 2008–2012 global recession. Thank you Bill Clinton for creating and passing on this economy killer..

John Podesta, the former Chief of Staff to President Bill Clinton from 1998 to 2001, called the deregulation of derivatives that occurred under the Clinton Administration a “big mistake” that significantly worsened the 2008 financial crisis in an interview with David Shuster at the DNC on Tuesday.

http://takeactionnews.com/2012/09/07/podesta-calls-deregulation-of-derivatives-a-big-mistake/

http://blog.littlesis.org/2010/12/21/celebrating-ten-years-of-derivatives-deregulation/

http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000

Analysis of PolitiFact’s ratings:
http://en.wikipedia.org/wiki/PolitiFact.com

“PolitiFact is not that honest fact-checker.” ……”But liberals defend the organization.”….”PolitiFact pronounced…three claims Half True, False, and False, respectively. In each case, the fact-checkers dismissed the speaker’s claim, made up a different claim and checked that instead.”

“In considering all rulings where a claim is found untrue (False and Pants on Fire rulings combined), two things are obvious: First, that PolitiFact thinks Republicans are wrong far more often than Democrats and, second, when Republicans are wrong, they’re often said to be “lying”, while Democrats are “just mistaken.” [that shows a bias intent alone]

“PolitiFact started off straight. As a partnership of Congressional Quarterly and the Tampa Bay Times (then the St. Petersburg Times) formed in 2007, the outfit won a Pulitzer Prize for its coverage of the 2008 election. The partnership dissolved shortly after when The Poynnter Institute – the parent company of both outfits – sold off CQ.

The Florida journalists carried on alone, and their liberal tendencies became more obvious as the “Pants on Fire” rulings piled up on one side.”

“The 2011 Lie of the Year illustrates the problem with blaming “ignorant” Republicans for the one-sided results: PolitiFact is more interested in arguing politics than in running down one statistic or another. As the journalists there are more pundits than fact-checkers, their rulings tell you more about their political opinions than Republican accuracy.”

There are plenty of examples, explanations etc that can be found here:
http://www.humanevents.com/2012/08/30/politifact-bias-does-the-gop-tell-nine-times-more-lies-than-left-really/

…and
PolitiFact Peddles Politics from the Left, not Facts:
http://finance.townhall.com/columnists/michaelfcannon/2011/12/27/politifact_peddles_politics_not_facts/page/full/
…and
PolitiFact Bias
http://www.politifactbias.com/

http://www.politifact.com/virginia/statements/2012/oct/29/tim-kaine/tim-kaine-says-bill-clinton-presided-over-biggest-/