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Politics : Foreign Affairs Discussion Group
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To: jttmab who wrote (218327)2/13/2007 10:36:54 PM
From: Dayuhan  Read Replies (1) of 281500
 
Clinton had nothing to do with the rising stock market, the NAS was bloated because of the New Economy garbage. But that brought in more revenue to help the Federal budget deficit.

Presidents claiming credit for the economy is nothing but a scam.

I agree with the conclusion, but I think you miss two key factors driving the Clinton era stock markets.

First, demographics: the baby boom generation arrived at its peak years of productivity, earning, spending, and investing. Because many of them had never seen a crash, irrational exuberance came naturally.

Second, technology: a whole generation of innovations moved from the geek world to the desktop and the shop floor, driving considerable increases in productivity.
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