Quoted:
OK, Citabria:
For one, the Administration did a hell of a job with the economy. Greenspan or not, he left it alot better than what Bush has it now.
Secondly, as a minority, I am very appreciative of the helping hand that he was willing to offer.
I admit the AWB was bullshit, but nobody does a perfect job.
Now what?
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During the Clinton administration, unprecedented numbers of american manufacturing jobs moved overseas. Most went to communist China and Mexico. We will never get those jobs back.
Lowering interest rates, which began, if I remember, a few months [i]before[/i] Clinton took over as President, drove the economy during the late 1990's. After a recession, the lowering of interest rates got more investment going in the economy. Of course, they continue to go down to this day.
Housing, which is connected to almost all parts of the economy and auto manufacturing flourished with low interest rates.
I don't like him, and don't think he's made many wise decisions, but maybe you should thank Greenspan and the Federal Reserve for recent positive economic things, [i]instead[/i] of Bill Clinton.
Computers finally became useful at home with the internet, where as before all they were good for were video games, small businesses and word processing. All kinds of businesses were created in relation to computers and the internet during this time.
A lot of technology matured. TV sets, VCRs, stereo equipment, etc. all came down in price, because of this and the fact that they were made in foreign countries.
More people invested in the stock market, because they couldn't make money on their money and had new companies (computer related) to invest in. Of course, many toward the end of his presidency, lost a lot of money, after the stock market began to go down.
Bill Clinton had absolutely nothing to do with any economic successes, if you consider the late '90's a success. The president is like the quarterback. He gets praise when things go good and gets criticized when they don't. And he had little to do with creating the good or bad, unless he really made a crazy decision or took his eye off the economy, which he apparently did near the end.