Bill Clinton was the reason for the balanced budget and projected surplus.
As soon Clinton was gone, and the GOP gained the Executive branch they instantly enacted their budget busting agenda of massive tax cuts for the ultra wealthy, and massive spending bills for the cronnies.
The GOP had a chance to solidify the future finances of America and they fucked it up big time. They made numerous policy mistakes that decimated the finances of America and left the country in massive recession 7 years later.
Looking back 20 years later you can really see how bad the GOP was in 2000-2008, and how they put America on the path for major fiscal problems due to their terrible economic policies, and wild spending bills that did little benefit to America.
More troubling was that Trump did the exact same thing as Bush and spent even more wildly.
Biden is going to spend a lot like Bush and Trump, but he is doing it in a much more effective way, leading to much better growth. Biden will do what Bush and Trump failed to do, achieve great GDP growth.
View attachment 481350
PolitiFact - Steny Hoyer says George W. Bush inherited $5.6 trillion surplus from Bill Clinton
During an interview on the MSNBC show The Daily Rundown, House Minority Whip Steny Hoyer, D-Md., addressed the previouswww.politifact.com
So Clinton got Newt elected to tell him no to his endless cockamamie spending proposals? Sure he did, fascist. Sure he did ...
yea. You said the same thing about Obama until Trump crashed the economy.Yes I ignored your lame excuses for Bush's failure.Yea I know. You're making excuses for Bush's failure and ignoring the bad policy decisions he made.So basically you just posted a bunch of partisan nonsense to justify your partisan claims.Seems there is always an excuse on the Republican side: covid, dot com, housing. You know what the Democratic excuse will always be? Republicans fucked up the economy and we have to fix again. Thanks Joe/Obama/Bill for your leadership.You didn't read this and dot.com was a bubble that blew up.
Seems there is always an excuse on the Republican side: covid, dot com, housing. You know what the Democratic excuse will always be? Republicans fucked up the economy and we have to fix again. Thanks Joe/Obama/Bill for your leadership.You didn't read this and dot.com was a bubble that blew up.
Ahhh you don't know how wrong and ignorant you are since here is what happened:
Smart Investing
Lessons from the dot-com era…20 years later
by Barry Randall| January 22, 2020
Excerpt:
Stock market booms and busts are only truly visible in hindsight. We never know if a given week’s broad market decline is just a “pullback” or the start of something bigger. Perhaps much bigger.
I was reminded of this recently when – in the midst of some housecleaning – I unearthed a trove of about 800 stock prospectuses. I’d accumulated these earlier in my career when I worked for other companies as a technology analyst and portfolio manager. Most of these related to the initial public offerings of tech companies between 1998 and 2001.
Thumbing through these prospectuses was a head trip. A journey with a few familiar names like eBay and Yahoo and many, many more names long forgotten. Click Commerce. Bindview. BAM! Entertainment. Don’t feel bad: I’d forgotten them too. Normally when you mention a public company in a column like this, the lawyers make sure you mention a company’s ticker symbol and price. Mostly unnecessary here: virtually no company represented via these prospectuses still exists, let alone are still publicly traded.
20 Years Ago
So here we are, coming up on 20 years since an infamous market top. The puncturing of the dot-com bubble. It took more than 2 ½ years for the tech-heavy NASDAQ Composite index to fall from 5048.62 on March 10, 2000 to 1114.11 on October 9, 2002, an astounding 78% decline.
LINK
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That is a massive downturn for the economy.
Bush had nothing to with it you ignorant fella!
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The next lesson to reduce your ignorance
Investopedia
The Impact Of 9/11 On Business
By MARC DAVIS
Updated Jul 7, 2020
Excerpt:
When America was attacked by terrorists on September 11, 2001, the entire business community felt the blow. Stock markets immediately nosedived, and almost every sector of the economy was damaged economically. The U.S. economy was already suffering through a moderate recession following the dotcom bubble, and the terrorist attacks added further injury to the struggling business community.
LINK
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Bush had nothing to do with this either.
I am NOT a "Trumper" or a republican, have many times stated that I am a free thinking independent.
Your partisan views are why you are dishonest and misleading in your claims.
The factual numbers refute what you say.
Bush inherited a balanced budget, with a projected surplus.
Bush and the GOP spent like crazy and enacted big spending bill after big spending bill, maybe you were just a little kid back then and don't remember what happened????? Maybe you forgot about all these big spending bills, that were terrible and wasteful??
You seem to forget history and want to rewrite it to support your partisan views.
Maybe you need to do some homework and studying here???
Bwahahahahaha....
I was NOT talking about budget surplus or deficits at all.
I was pointing out 2 of 3 massive economic downturns during his time in my post., that will have a big impact on the tax revenue. The mere fact you ignored that distinction shows you are ignorant of the times or just another highly partisan fuckwit.
You didn't refute anything I said, man you are stupid.
Typical partisan BS. par for the course with you.
You ignored the two articles I posted of events that were beyond Bush control. Heck you so ignored it, you came right back to the tired partisan attack on me, an Independent, nowhere have I made excuses because what I posted are REAL, it was too much for you since your replies are empty deivel and stupid.
You are trolling your own thread, that is galaxy class stupidity.
No that is FUNNY!
You are an independent, you just make excuses for all of Bush's failure and all of Trump's super failure, AND make excuses for all of Clinton's sucess, and Biden's success...
Enjoy the Biden boom, I know you will hate it as a you are a partisan hack.
There is no Biden Boom.
There is a Trump Boom.
But it won't last.
Thanks to Joes spending, we'll be in the tank soon enough.