2016 Postmortem
In reply to the discussion: Why I DON'T support Bernie for President [View all]JDPriestly
(57,936 posts)Hillary Clinton claims as experience her time in the White House.
Well, the Clinton administration may have been better than a Republican administration would have been -- but not by much.
We had a dot.com boom and then the bust came just about when Bush came into office. Bush made it millions of times worse than it needed to be, but we were already having economic problems thanks to Bill Clinton's and Greenspan's allowing the economy to run amok during Clinton's administration.
Booms feel great. It's like not taking your blood pressure meds if you have high blood pressure. You think you have a lot of energy. In fact that energy is taxing your heart. That was the problem with the dot-com boom. Thanks to the repeal of Glass-Steagall that slight recession and the Bush response to it and to the excesses in the markets threw our entire economy out of balance.
Bill Clinton signed the repeal of Glass-Steagall. The photo of the signing is a picture of greed.