Why do I NEVER hear pointed out..

[samrock]

That IF we want to balance the budget.. All we do is look at last time it was balanced.. under Bill Clinton.. soo it seems obvious to get back there just change all the polices from those Bush imposed to those Bill Clinton had.. just turn the clock to 11/19/2001 by removing ALL changes made by Bush. Sooooo get out of Iraq/Afghanistan .. cancel tax cuts.. You don't balance the budget with cuts.. you do it by fostering growth and allow the economy to grow into the debt and swallow it up.. like what happened from 1993->2000 ..

[lisa58]

1. Excellent point!

[xiamiam]

2. no war on terror..the biggest hoax of the century..nt

[progressoid]

3. Suppose we can have another internet bubble to go with that?

[patricia92243]

4. No - but he wanted being first in being "green" to be our next big industry - for us to be #1 in

that field - manufacturing, etc. Of course we haven't done that, so other countries get to do it and we get to go further backwards.

I agree - bring back the Clinton foresight.

[dmallind]

5. ..an incredibly minor part of the 90s economy immediately grabbed by Clinton haters

Those 23 million new jobs were over five times the entire IT employment at its peak for a start - most of which remains.

Tge entire amount invested in tech stocks at its peak is an even smaller fraction of the 300% gain in broad equities markets - and most of that value also remains.

We would have had a massive gain in both jobs and wealth if the bubble had never happened. Peddle the irrational Clinton hate on fr where it belongs.

[progressoid]

6. Clinton hater?

Wow, you got that from one sentence?

OK, I suppose I should have been more precise. I don't deny Clinton's success balancing the budget. But that's going to be a little difficult today with a stagnant economy, two wars and and even more dysfunctional congress. I use the tech bubble as an example of how much of the 90's economy was unrealistically enthusiastic. A lot of the growth was artificial - overinflated tech stocks, Enron, WorldCom, wildly out of control consumer spending, real estate speculation etc., all came crashing down. It's going to take more than just looking back to the 90's since today's economy is a completely different animal.