Sixteen years... A tale of two presidencies

[RedEarth]

via Krugman

[KoKo]

1. Only thing is ....the technology revolution was Clinton's high employment

numbers and when Dot Com implosion happened (see chart) many jobs were lost, since we were losing manufacturing jobs but it was covered over by the tech job implosion. Instead of dealing with the job loss due to dot com implosion Bushies got us into two wars and Greenspan lowered interest rates to cause an employment boom in real estate and construction (mostly illegal workers)and a boom in Wall St. selling and chopping those mortgages that were faulty. Even then Bushie couldn't get back to what we had during the tech boom, though.

This chart is fascinating because it shows what really was going on. Two Bubbles...and in the meantime we were offshoring jobs that we could replace with anything that was sustainable. At least that's my view..