General Discussion
In reply to the discussion: Bill Clinton and Republicans promised NAFTA would create jobs.. [View all]Spider Jerusalem
(21,786 posts)that expansion would have happened no matter who was president. That was during the 90's tech boom when the technology sector that had been growing in the previous decades really took off, when computers went from toys for the upper middle classes to standard home appliances, when the Internet and the rise of the web created an industry and hundreds of thousands of jobs that weren't there before.
The '90's? More comparable to the 1920's than anything, economically. Maturing industries create new jobs and generate vast amounts of paper wealth that leads to overinvestment and too many competitors in a given market sector which leads to the bubble bursting and an eventual crash and consolidation. In the '20's it was radio and film and home appliances and cars. In the '90's it was the tech sector.