Seriously? How easy it is to forget that the tide went out.
In 2000/2001, I recall my crashed boat sitting besides thousands of other crashed boats. I also recall the new millionaires who conned investors into buying their flimsy "new economy" corporations, blissfully sailing on out to the Caribbean.
Yeah, it was a bubble. Just like the housing market bubble was a bubble. And clinton worked feverishly with his buddies to repeal Glass-Steagall to make the housing market bubble possible. Under raygun-omics and "free market theory," every economic upturn has effectively been a bubble. It's not "lucky" to preside over one in an 8-year term - it's inevitable. Difference is that, although he signed on to a trove of economically destructive policies (well, destructive to the US), clinton's tax increase did NOT harm the economy at all.
clinton's only positive legacy is that he delivered some critical evidence that, after the bush cuts and subsequent bubble eruption, proved the friedman "free market" acolytes dead wrong.
Read the Article at HuffingtonPost
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