Bill Clinton does not know how to fix the economy

By HSG on Fri, 05/20/2016 - 8:51am |

The bursting of the tech bubble in 2000, and the subsequent recession, revealed that the 1990s boom was, at least to some degree, a mirage, the result of cheap money and, in then-Fed Chairman Alan Greenspan’s famous phrase, “irrational exuberance.” The recession that followed the tech bust, however, was relatively mild. If that were the worst consequence of the Clinton era, it might seem a small price to pay for a decade of solid growth.

But the Clinton boom, and even some specific Clinton policies, also helped sow the seeds for the far more severe Great Recession of the late 2000s.

URL:

http://fivethirtyeight.com/features/no-bill-clinton-does-not-know-how-to-fix-the-economy/

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The 2001 IT bust was a correction that should have been shortlived but Bush focused on tax cuts instead. Cisco bounced back, Google grew out of it, Jobs at Apple had barely got going, Amazon was in relative infancy before even cloud, and VMware was pushing 1st successful cloud. Clinton/Gore's support for this would have let more bounce back or launch, rather than the joyless 4 year recovery.

As someone noted, his motto was "It's all about the economy (stupid)" yet folks act like it was an accident while he was busy doing other stuff.

by PeraclesPlease on Sun, 05/22/2016 - 8:14am

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