Actually, Clinton was our last conservative president and the economy was great under him. He balanced the budget and left office with a surplus.
I couldn't stand his other policies, but economics was his forte. Then GWB came in and killed our surplus and left us with a fat deficit. Then Obama took GWB's deficit and made it two or three times as large.
The internet bubble was caused by American greed. Why were we buying shares of companies that were NEVER going to produce a profit? The thing is, it was on a HUGE scale. There were companies that absolutely sucked that were worth $100 a share.
Not Clinton's fault. Rock is right.
Now before anyone says I'm a defender of Clinton, I'm an amateur historian. He was the best economic President since JFK but horrible at pretty much everything else, like foreign policy, and like defending the Constitution, etc. But to blame Clinton for the bad economy is incorrect.
My man Donald Driver
(thanks to Pack93z for the pic)
2010 will be seen as the beginning of the new Packers dynasty. πΉπΉ π²π² π¦π·