Understood. But as is typical of me, I ask myself simple-minded questions. Was the economy for-chite when Clinton came in office? Answer - no, longest running and most steady rate of rise. Like I quoted Jennifer Flowers, at least he didn't screw it up - initially.
Was the economy peachy-keen when Clinton left? Speaking of "the boom of the internet economy", was not his last years in office when the internet economy went BOOM? In a bad way. Go ahead, you can say it. We all know. I was there...
Regarding the Military Industrial Complex (MIC), I'm not a fan of how/why we do some things. But let's be clear, that was pretty much described as job #1 of the federalies, as defined by the US Constitution, to wit common defense. Having said that, the MIC is known and prone to some serious corruption, laundering, crony capitalism and old fashioned bribes and kick backs. Yet has somehow managed to eek out some of the most interesting technology. Ye olde internet being one such technology example.
However, let us harken back to one of the ways Clinton kept the dynamic economy he inherited rolling. In a word, cutting defense spending. Oh and cutting welfare too. Both in the early years. Along the way, let us also recall repeal of Glass-Steagal and got-a-pulse-get-a-loan policies, passed in the twilight years of the Clinton Presidency.
I would be remiss, not to tie those together, along with the MIC spending (more like lack thereof) by Clinton compared to Busch by recalling the date of September 11th, 2001 - the first year of the Bush Presidency. Well... you can do the math I expect. But as often was, might argue still is, the case - Americans stepped up and overcame. Albeit, by spending massive amounts of $$. And then the impacts of the Glass-Steagall and got a pulse loans chickens came home to roost. Derivatives. BTW: Luv the movie "The Big Short", in a twisted and historic way.
You know it, I know it and so do the collective they. I know it because I was lucky enough to be using the internets before Al Gore even invented them. Anyway, just my fuzzy memory collection, aided and abetted by the internets.
WYID, success has many parents and failure is a lonely orphan. Everyone hops on the success wagon. I always thought that anyone who held office during the time period that Clinton had would have also been lucky enough to have that surplus for our goverment due to the boom of the internet economy. When Dubya came in office, he left the place poorer than when he started. I couldn't believe that because this country always had an upswing to the military industrial complex in times of war. So, it is possible that someone else could piss it away. Regardless of any saying, he did leave the office with money in the FED. And I won't give any credit to Gore who said he invented the internet
Originally Posted by Precious_b