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Cartoonist

(7,579 posts)
4. This bothered me
Tue Aug 13, 2019, 05:48 PM
Aug 2019
During Clinton’s eight years in the White House. Inflation remained stable. Unemployment dipped below 4%. And the United States enjoyed the longest period of uninterrupted economic growth in modern history.
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Absolutely NO mention of Clinton's economic package was mentioned. Neither was the fact that not a single republican voted for it. Nor was the fact that they all said it would destroy the economy.
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The era was punctuated by the dotcom boom, which amounted to the creation of an entirely new industry. The Nasdaq spiked sevenfold between 1993 and its peak in early 2000. The mania created vast amounts of wealth — much of which would disappear as the bubble inevitably popped.

Bush inherited the dotcom bust, which spawned the 2001 recession.

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Who said it was inevitable? If he means it was inevitable because the GOP was now in charge, then I can agree. But he didn't say that. Instead he seemed to imply that Clinton handed him a recession instead of a booming economy.

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