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.....The Clinton Recession

.....The Clinton Stock Market Tech Bubble Bursts killing millins of jobs

I seem to remember conservative talk show hosts during the height of the dot com bubble and the hot economy of the late 90's saying it was the republican congress that created all the wealth and high rolling. when it crahsed it was the Clinton recession and the Clinton stock market. It can't be both.

Drawing a divide between the 2 is very possible. The Repub. Congress set the groundwork for prosperity. It truly was the work of the administration (Clinton) to create the over-exuberant speculation. It was that realization toward the end of the Clinton years, that many of those internet businesses had no means of cashing in on their products, of generating income, that caused the both the crashed markets and the recession. (and the mutual funds scandal by derivation.)

So, yes. I can have my cake and eat it too.

Joesbucks, the conservative talk show I listened to (Rush Limbaugh) said the GOP controlled House and Senate saved the country from going into the typical tax-induced recession, which would have been a very deep recession with the 1999-2000 crash of the tech sector. They slightly reformed gov't and stopped huge tax increases. Rush stated over and over that the country needed a GOP prez to begin serious tax cuts that would really change the economy for good. Tada! Three years after the Bush tax cut the economy has rebound significantly, despite all the Clinton-era Wall St. scandals, and Clinton-era speculative bubble bursts, and even the worst attack on US in its history.

Also, I recall Pro-Apple Limbaugh specifically targeting Clinton's attack on Microsoft. This is just one of the many indicators in the late 1990's to the tech crash. Gov't was making a statement which caused an adverse reaction in the market.

Further, uberDem Warren Buffet was instrumental in the SE Asia bubble economy fiasco (Asia was tech-heavy); he and his buds transferred speculation from Asia to Silicon Valley (tech-heavy). Now Joe, you can't say the GOP caused the tech-spec problem with an honest face.

In hindsight, the GOP controlled legislature actually pushed Clinton into a more conservative ideology (have you forgotten all the expensive programs Clinton proposed daily that if implimented would have destroyed the economy? He was stopped by the GOP). Wished the GOP had the same foresight concerning Prescription Drugs, but that's another topic for another time. Our country's semi-free market economy (saved from the Clintonista's socialist designs) weathered the global recession much better than European and Asian economies.

Just my memory for what it's worth. Bush and Co. are doing a fine job. Just wish they'd stop pretending to be U-Boat Teddy's friend.

Does anyone remember what event initially popped the dotcom bubble (which would have had to be popped anyway, I guess)?

Think of Janet Reno, David Boies, and Bill Gates. It was the big verdict against Microsoft with an opinion showing so much anger against MS on the part of the judge that it helped MS's position on appeal. Many tech stocks dropped dramatically and immediately after the announcement, and this was the beginning of the dotcom bust. Do not expect Katie Coruic or Dan Rather to remind the public of this. But investors in tech stocks should remember that day.

I owned none, but worked for a dotcom around that time I think.