How, specifically, did he "start the bubble"?
I'll take a shot at this.
You have to go back to 1991. When the economy was doing fairly well, coming back from a tough, but short, recession, the Clinton Liars in Chief (Begala & Carville) found out it was the "economy, stupid". Basically, they found that if you got on the news, long enough, loudly enough, and frequently enough, saying, "it's the worst economy in 50 years", then people would soon start to believe it -- even though there wasn't the slightest evidence to support the claim. ("Evruthang that OOGHT too BEE UP is DOWN, and Evruthang that OOGHT too BEE DOWN is UP").
Then, a few years later, things aren't looking so hot for the libs (politically, you know). So, the Clinton Liars in Chief thought, "Well, hell, it worked once, it'd probly work again". So, they start telling the American people, "We've got the biggest, and the best economic expansion in history. FOREVER. No lie. We've just created a great economic situation." Nevermind they didn't DO anything to create it. What is important is that most people THINK they created it. (Gore did create the Internet, which was part of it).
Soooo, about the time Clinton is leaving office, the Liars in Chief crank up again. "Oh, the VERY DAY our guy left, the recession started. And, man, oh man, it is a bad one. It is a BUSH recession".
Uh oh. It worked a little. But not well enough to offset the good done by some great fiscal policy at the Fed and by the new president's tax cuts. What now?
The American people have been hoodwinked by the libs once too often, I think. |
