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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: HULA who wrote (367371)3/6/2003 4:03:58 PM
From: American Spirit  Read Replies (3) | Respond to of 769667
 
And here we are on the internet thanks to Gore and others.

Clinton never signed any bill which made dot-coms the hot deregulated boom sector, unlike Reagan who signed the S+L deregulation bill which ended up costing tax-payers over 300 billion or in today's dollars more than a half trillion. That was my only point.

Clinton did create a balanced budgeted government which laid the perfect foundation for an economic boom. But nothing he did directly promoted the dot-com frenzy. That we can blame on ourselves and everyone on Wall Street trading stocks. Remember CMGI at $200 being the one stock analysts recommended every portfolio should contain?
We'd all like to forget our idiocy there (unless we sold and never got back in). LOL

Seriously S+L and dot-com two very different things.
One was tax-payer financed because of deregulation, the other was just a market phenomenon. I don't know any expert who blames anything Clinton did for the 90's dot-com bubble and to claim such a thing is misleading.



To: HULA who wrote (367371)3/6/2003 4:22:26 PM
From: steve dietrich  Read Replies (2) | Respond to of 769667
 
The big difference between Reagan/Bush markets and the clinton markets, is that the market prosperity was much more beneficial to the middle class. Guess that's why Bush had to get in and drive it down.