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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: SeachRE who wrote (99717)	6/3/2007 8:14:43 PM
From: Augustus Gloop	Respond to of 173976

Well first of all don't be a smart ass because I know WTF I'm talking about. Now I'll write your post

To: SeachRE who wrote (99717)	6/3/2007 8:54:33 PM
From: Augustus Gloop	Read Replies (1) \| Respond to of 173976

The 1990's was an amazing period. Our economy changed from manufacturing to info/technology based. With it came an entirely new paradigm. Productivity soared and totally new markets were created. The computer and internet brought new technology to mom & pop America and everything involved in the new technology age prospered. In addition to that we were able to contain rates and America was HOT! By dealing with Iraq we were now paying 11-15 dollars a barrel for oil. Oil prices and incredible productivity allowed us to actually address the debt and better yet - we were outgrowing it just like Reagan promised. Later on in the 90's the stock market became hot. For the first time in a long time ma and pa America were participating and making real gains. Paper became fast and loose and everybody was at the trough. Housing remained affordable while we focused on PAPER. Consumption of new technology put computers in almost every home - just like they said would happen in the 1980's. One of the greatest things that happened was actually totally unfair. The GUI based interface WAS stolen from Apple and the PC was now friendly. Apples had always been friendly (and better quite frankly) but the GUI based system was now in the hands of Microsoft and big blue (IBM). The combination was a powerhouse because IBM had the resources to push it where Apple didn't. The combination of all these things created maybe the greatest economy in world history. To Clinton's credit - he didn't mess it up. But honestly? You or I could have overseen that economy and not messed it up. The market was overdone and it was due for a setback but what ensued in 2000 had less to do with corporate cheating than we were led to believe. Greenspan had flooded the market with cash before 2000 to stave off a potential Y2K issue. When that didn't materialize he sucked the liquidity from the paper markets by raising rates too quickly - he created the 2000 crash and anyone who disagrees is flat wrong! His tightening sent us into recession and although the economy was due for one - he made it much worse. What happened was not Clinton's fault! But it happened on his watch so many people wrongly blame him. By the same token, what happened in the 90's wasn't Clinton's doing either. But it happened on his watch so many people wrongly credit him. Our investment in NASA many years earlier had paid off and the technology that came from it really did change the world. That was one amazing period but politicians had nothing to do with it - if they had they surely would have messed it up