There are professional people (and good people) who seriously believe Bill Clinton was the mastermind of the .com boom.
Which then crashed as soon as a Republican got in office.
Don’t underestimate this thinking.
Trump needs a plan to address it.
Creating USA worker jobs works in the Rust Belt.
It doesn’t help as much with affluent .com workers.
The tech boom began its crash when Bill Clinton’s Attorney General Janet Reno declared war on the tech industry.
She held a special press conference to do so, just as she had done when she burned down Waco.
The time of year was April, unfortunately I’ve forgotten the more important date, the year.
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).