Bill Clinton back in the White House, holds economic meeting with Obama (Follow the $$$$)

Washington Post ^ | July 14, 2010 | Anne E. Kornblut

[cubreporter]

you’re right. clintin doesn’t know squat. obama has no experts. They are all flying by the seat of their pants. their drive is to destroy this country...period.

[TwelveOfTwenty]

But the dot com bubble wasn’t enough to fuel that economy. The dot coms were a small part of the economy.

The tech boom was more than just the dot coms. It was the advent of E-commerce and Y2K too. The latter was a multi-billion dollar stimulus all by itself.

The proof is that as soon as oil prices began to rise, the dot com bubble burst.

I didn't need to monitor the oil prices to know that the COBOL programmers hired for Y2K would be let go when January 1, 2000 came and went.

And I don't dispute that low oil prices will help the economy. I just don't accept that E-commerce, Y2K, or on-line news forums such as FreeRepublic wouldn't have happened without low oil prices.

[Brilliant]

Well, we weren’t talking about the tech boom in general. We were talking about the dot coms. However, even the entire tech boom was not in my opinion a bigger factor than the cheap oil. There is no question that the sector would have expanded without the oil. But to say that was driving the entire economy is another thing altogether.

[TwelveOfTwenty]

We’ll have to agree to disagree, then.:)