Tuesday, January 6th, 2009
Why do people give Clinton credit for the economic boom of the late nineties?
diggerfloyd asked:
He and his policies had nothing to do with the runaway economy America experienced in the late nineties.
He and his policies had nothing to do with the runaway economy America experienced in the late nineties.
Many forget that much of the record corporate profits were later erased as accounting scandals rocked Wall Street. And that the emergence of the web was the real driving force behind the upsurge in the economy.
Since Clinton had nothing to do with the development or growth of the web and federal oversight was lax in guarding against the accounting practices of offending corporations, why does Clinton get credit from many for the economic spurt?
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January 6th, 2009 at 12:01 pm
Because they do not understand economics. It is all a result of private industry, supply and demand, competition, the desire to provide products or services that people want, and the initiative to do the R & D to bring new products to the market.