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Author Topic: t took George W Bush about a year and a half to turn the Clinton economy around.  (Read 2072 times)

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Offline CC27

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t took George W Bush about a year and a half to turn the Clinton economy around.
« on: April 02, 2018, 03:15:50 PM »
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kentuck (85,465 posts)


It took George W Bush about a year and a half to turn the Clinton economy around...

It appears that Trump may take even less time to turn around the Obama economy?

Bush came into office talking about how the surplus was the "peoples money" and they deserved to have it back in a huge taxcut. He almost accomplished it in the first year but by end of the second year, we were returning to huge deficits. (It had been forecast that if we had stayed on the growth and tax path that we were on, we would have paid off our entire debt by 2011) The debt is now unofficially at $21 trillion dollars. So much for having a balanced budget!

Now, the brilliant economist, Donald Trump, has his own plans on how to make America great again and people with money bought it for awhile. Now the exuberance is becoming a "sobering up" party. The questions about tax and trade policies are being re-questioned? The stock market doesn't like it and it's just a matter of time until the entire economy faces the reality of a dumbass in the White House.

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Offline SVPete

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Re: t took George W Bush about a year and a half to turn the Clinton economy around.
« Reply #1 on: April 02, 2018, 03:45:02 PM »
Anyone who worked in tech in Silicon Valley at the time - for example, me - knows that Clinton's Internet bubble began to burst in 2000! Then in 2001 9/11 made it worse.

As for turning "Obama's economy" around, that began soon after Trump was elected, and growth has been accelerating ever since.
« Last Edit: April 02, 2018, 03:56:16 PM by SVPete »
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Offline Old n Grumpy

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Re: t took George W Bush about a year and a half to turn the Clinton economy around.
« Reply #2 on: April 02, 2018, 03:49:51 PM »
obama had an economy?  what was his model? Haiti or maybe Ethiopia? :loser:
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Offline thundley4

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Re: t took George W Bush about a year and a half to turn the Clinton economy around.
« Reply #3 on: April 02, 2018, 04:02:15 PM »
Trump's bold moves on tariffs to try and get a more level playing field for the US will temporarily cause some ups and downs.

The only problem will be if politicians don't have the balls to back Trump's plan to even up the trade situation. Of course, the democrats will oppose him from the start, and many of the republicans and democrats will oppose him, because of who is contributing to their campaigns.
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Offline FlaGator

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Re: t took George W Bush about a year and a half to turn the Clinton economy around.
« Reply #4 on: April 03, 2018, 08:12:16 AM »
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It appears that Trump may take even less time to turn around the Obama economy?

This is a good thing. It means the damage Obama did can be quickly overcome.
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Offline Wineslob

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Re: t took George W Bush about a year and a half to turn the Clinton economy around.
« Reply #5 on: April 03, 2018, 01:02:29 PM »
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As for turning "Obama's economy" around, that began soon after Trump was elected, and growth has been accelerating ever since


Didn't you get the memo? Trump isn't responsible, it's Obozo's because it's JUST NOW coming into effect! (DU mode off)
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Offline DumbAss Tanker

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Re: t took George W Bush about a year and a half to turn the Clinton economy around.
« Reply #6 on: April 03, 2018, 01:19:00 PM »
Somebody must have checked out of the net at the end of 1998, and never gone back through the old news after waking up a few years later.
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