Posted on 05/17/2016 4:45:03 PM PDT by From The Deer Stand
Billions were spent on Y2K to update computers so that they could handle the 2000s. This also gave the economy a big boost that didn’t have anything with Bill Clinton. He got to ride on tails and even then managed to ultimately play into hurting the economy.
If that was really true the slogan of his campaign probably wouldn't have been: "It's the economy, stupid."
The economy in 1992 was coming out of a mild recession but it was not booming.
There was an economic boom during the Clinton years that led to unusually full employment. There was a drop in unemployment every single year. I'm not sure if the Clinton administration had anything to do with this but presidents generally get credit for economic stuff that happens on their watch.
“He was simply ‘there’ during the dot.com revolution.”
My version has been for many years———
The 3 Gs made him look good...
Grove
Greespan
Gates
Simple as that..he was fortunate to be their contemporary..THAT IS IT !
Just another case of a rooster taking credit for the sunrise.
Clinton cut the military to the bone. Ask someone who worked in the defense industry how they did in the 90’s.
These new inventions were what really drove the economy during the Nineties. Plus a congress that had some idea of controlling spending.
For those who remember, the “Bush Recession” started while Clinton was in office, and before Bush even officially won the primary. The one reason I am hopeful of Trump is that unlike Bush, who let the media and Pelosi and Reid constantly $hit all over him, Trump will not let the dems gets away with krap like that
In 1992, most Americans had never heard of the internet, a website, or email. By 2001...
The growth in efficiency was explosive.
Clinton’s budgets were infinite spending and later he apologized for raising taxes too much (for reelection).
Recession was already over when he came into office. His team (including Al “evurythung that SHOULD be up is down...” Gore Jr.) lied about the economy (”It’s the economy stupid”).
Then there was a tech bubble that was already sliding by 1998 and net stocks burst in 1999-2000.
The so called “Peace Dividend” was Clinton’s rationale for cutting about 10 divisions from the US Army. That money was moved to Clinton’s social programs.The ride down the slippery slope picked up speed with Bill Clinton.
Also he spent what was called the “peace dividend” by reappropriating funds that normally would have gone to military expenditures “the cold war is ovah!”
Were you reading my mind? LOL!
>>Much like those attempting to identify hillary’s “accomplishments”, people who think that bill boosted the economy become quite silent when you ask them to specify just what he did to accomplish that.
If retroactively raising taxes on people (including the dead) is the way to improve the economy, why don’t they do it again?
$12/bbl crude and he had nothing to do with it.
The dot com bubble burst well before 2001.
And the Clinton administration taking Microsoft to court didn’t help the PC industry as a whole.
Bush wasn’t in office when it burst, no matter what retrocontinuity historians claim.
http://www.pollstar.com/news_article.aspx?ID=497758
Rock ‘n’ Roll Swindler
04:24 PM Tuesday 4/18/00
One couldn’t hide much more visibly than convicted embezzler David Kim Stanley.
He was once known around Wise, Va., as piano player “Dazzling Dave,” a Baptist preacher’s kid and Oral Roberts University dropout. But in 1989 Stanley was convicted in an embezzlement scheme and placed on Virginia’s “most wanted” list when he fled in 1996 before making full restitution....
Stanley recently was much better known as Michael Adam Fenne, a founder of the splashy Pixelon.com webcasting company and mastermind of last fall’s $12 million “iBash ‘99” launch party for the hot dot-com at the MGM Grand Hotel and Casino in Las Vegas.
The Who, KISS, Tony Bennett, Dixie Chicks and several other high-profile artists turned out to perform at the launch party, accepting hefty checks and stock options in payment.
Fenne told reporters the bash was his attempt to “own” Las Vegas, and the premiere high-tech trade show, Comdex, for a weekend.
The event was netcast live on the JumboTron in New York City’s Times Square.
It also reportedly cost Pixelon one-third of its working capital. Within days, it cost Fenne his job. And ultimately, it probably cost David Kim Stanley his freedom....
So did the explosion of “dot-com” venture investment. According to Technologic Partners in New York, venture investing leaped from $3 billion in the first quarter of 1999 to $25.5 in the same period this year.
With Internet investment opportunities being measured in minutes instead of months, the chance to throughly investigate a company and its principals is fleeting, financial experts say. Phenomenal returns have made investors so eager to jump on the bandwagon that they sometimes fail to exercise adequate diligence...
Advanced Equities Inc., a venture capital firm in Chicago, was the lead investor in Pixelon. “I can’t speak for Mr. Fenne’s past, or whatever his name is,” said Advanced Equities chief Keith Daubenspeck, according to the Los Angeles Times. Nor would he speak about whether his firm had investigated Fenne’s background.
But about Pixelon’s product, Daubenspeck said, “The technology that was developed was absolutely fabulous. I would challenge anyone to show me something that’s better.”..
The whole thing was a swindle (concert tickets were only $10 per concert and the bands were paid in phony stock, the whole company was gone in 9 months).
I think that was 1998. as MS tipped, so did Compaq.
He had Al Gore invent the internet.
We also gutted the military fairly well.....republicans did that. Part of the so called “peace dividend.”
Bubba benefited from the dot.com boom which being new was mostly unregulated. I remember many roads, which I had to drive, dug up to lay fiber, there being a law that allowed companies to do. There must be much unused band width buried.
Abolishing the EPA will free up much Idle manufacturing.
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