Quote:
Originally Posted by John Wilkes Booth
the 2000 bust was the dotcom bubble... it's just not true that the effect of the 90's bubble ended here
the subprime mortgage crisis that eventually helped bring down the 2008 economy largely consisted of homes that were sold in the 90's... and many of the irresponsible trading practices that helped fuel the post-2000 bubble were basically made legal by the clinton administration in the late 90's when they eliminated the barrier between commercial and investment banks
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I mention Clinton's neo liberal policies towards banking legislation that helped bring about sub prime mortgage crisis.
I had taken events into account, though I forgot about 911 & the dotcom bubble upon Bush's arrival, but both Presidents did have 8 years to turn things around, in which it looks like Obama may have.
GDP growth for the last quarter grew at 3.9%, good news for Biden...if he decides to run.