Skip to comments.Bill Clinton back in the White House, holds economic meeting with Obama (Follow the $$$$)
Posted on 07/14/2010 3:17:28 PM PDT by maggief
Clinton, whose foundation is working on clean energy programs that would employ additional workers, and Buffett met with Obama as part of a White House push on the economy and employment. On Tuesday, Obama tapped Jacob Lew as budget director and publicly directed him to reduce the deficit. On Thursday, Obama travels to Michigan to talk job creation once more.
Gibbs said the timing of the two Wednesday meetings was coincidental, and that Buffett initiated their sit-down.
"You don't turn down an opportunity to talk to Warren Buffett," Gibbs said. Buffett has been an Obama supporter and adviser since backing him in the 2008 primaries.
The Clinton meeting was designed to "discuss new ways to create jobs in the private sector and continue to build on the success we have seen through the Recovery Act on building public-private partnerships in the clean energy sector," a White House statement said.
(Excerpt) Read more at voices.washingtonpost.com ...
Clinton remembers, and he will get even!
Obamanomics: 4 minimum wage caulking jobs for 3 months, at an overall administrative (trickle-down management) cost of $475,000 per job, equals “economic stimulus”
“So, Barrack, where yuh keepin’ the intern gals? I’m powerful horny”.....
That would be a year after the Repubs took Congress, right?
I think Clintoon has handed over “waving the magic wand” duties to Al Gore, who has tried to outsource that duty to an Oregon massage therapist....
Yeah, but look at the price of oil. Oil was at historic lows from about 1992 to 1999, and began to skyrocket in 2001. 1999 was when the stock market began to show wear. 2000 was when it peaked and began to fall. I would argue that the stock market boom resulted from the low oil prices, and the dot coms went along for the ride. The dot coms were not enough in themselves to cause an economic boom. They were too small a piece of the economy. But oil fuels the entire economy.
this speaks volumes. obama has no clue of what to do and had to call in clintin. Ha,ha. What jokes.
last time he waved his magic wand in the White House it left some DNA on Monica’s dress.
It was a great time with money being thrown around to design and develop all of this, but it wasn't going to last. Once the servers were in place, the web sites were up, and the older mainframes knew the difference between 1900 and 2000, the developers were let go, the tech bubble burst, and that was the end of that.
I don't think there are many at all. There are a lot of positions to fill so there have to be some. Which ex-Clinton folks do you think are in influential positions is this Administration?
You were saying....?
It needed the money generated by the low oil prices to bid up the stock prices. And it wasn’t just the dot coms. The whole stock market blew a gasket. The dot coms got more than their share because they were new. But the auto industry, for example, was in high gear, and when the auto industry is in high gear, the economy is good. High paying jobs are plentiful, and money is flowing freely. It was mainly the free-flowing money that gave the stock market its boost.
Yes, I thought the same thing. But the irony is that Clinton also has no clue what to do. He just puts on a show. If Obama wants to fix things, he’ll call in Gingrich. But that obviously isn’t going to happen. Obama has his “experts,” and they are all just by coincidence socialists and nut case liberals.
Good grief..when is this country going to wake up and realize the democrats are destroying our country and lining their own pockets with our tax dollars? I am so sick of this blatant political and media corruption I could scream!
Ohaha will then have someone else to blame besides Bush.
Zero’s taking a month off to work on his golf. Bubba will be guest president in his absence.
But the dot com bubble wasn’t enough to fuel that economy. The dot coms were a small part of the economy. And it wasn’t just the dot coms that boomed. It was everything—except oil, which was in a depression because of low oil prices.
If you want to have a handle on what the dot com bubble did, compare the CA economy to other states. CA was booming because of the dot coms, and because of techs in general. But the rest of the economy, based in other states, was also booming. Detroit, for example, was in one of its greatest expansions, even though the dot coms were far away. I am in Florida. Florida’s economy was bonkers even though our connection to the dot coms was primarily just that we owned stock in them. Tourists were swarming down here, though, and it was largely because of the low oil prices which made Florida vacations a great deal.
When you have cheap oil, that covers up a lot of warts on your economy, and it even provided the money that drove up the dot com stocks in the first place. The dot coms certainly did not generate that cash themselves.
Most of them were losing money hand over fist. They had IPO’s at inflated prices and paid their staff from the proceeds. Absent the IPOs, there would have been no money, and no staff. And absent the money from other sectors of the economy, there would have been no inflated stock offerings.
The proof is that as soon as oil prices began to rise, the dot com bubble burst.
I would argue that the stock market boom resulted from the low oil prices, and the dot coms went along for the ride.
Well, we could go back and forth on this, and I don’t think we’re going to change each other’s mind. The dot coms would not have happened but for technology, true, but I still maintain that they were not the driver of the economy.
Exactly. The neo-fascists/neo-totalitarians are working overtime.