General Discussion
In reply to the discussion: Thomas Franks, the Clintons and "phony" Democratic populists in the New Gilded Age [View all]Armstead
(47,803 posts)....that inevitable led to the crash of 2008, and the current immense and growing gaps in wealth and power that exist.
I'd suggest you read all of Frank's article if you haven;t. he eplains what really happened better than I could.
Had Clinton actually brought a true balance to the economy, the 90's would not have been so shiny, but we wold be a lot healthier today.
Clinton presided over a glittery facade of economic growth in which the foundations of the middle class were being systematically destroyed by speculative right-wing pirate capitalism, the Growth of Monopolies, deregulation, privatization, the erosion of middle-income jobs, and false beliefs in the "end of recessions" that covered over economic realities.
The same fores that led to the slowdown and crash under GWB were aided and abetted by the Clinton administration in the 90's
Home ownership, doe example, increased in a long running real-estate bubble that ultimately pushed housing beyond the each of many people, and put many into overpriced financing they could not afford. What happened under GW was merely the inevitable popping of that bubble.