Originally Posted By: MartyMoose
Quote:
In fact the results turned out to be quite the opposite of those dire predictions. Likewise Bush made many claims that his tax cuts would lead to a robust economy and we all saw how that turned out.


Just to be fair...both of those Presidents were attempting to ride false economic bubbles.

Clinton's bubble was the Internet Stocks of the late 90's and GWB's was an artificially inflated real estate market.

Neither plan worked in the end and both popped in dramatic fashion conveniently at the end of both of their terms.


I disagree. The talk of a so-called bubble only began to be heard when the economy began to cool toward the end of the Clinton administration. The Republicans put this idea forward as a way to explain the economic success of the Clinton years. Prior to that, however, Republicans actually credited Reagan for the economic success of the 1990's.
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