Quote:
Originally Posted by BigRed
That's what everyone says. Every book I've read, anyone I've spoken to, pundits, politicians, etc all refer to that era as "peace and prosperity". While, the prosperity part is correct, the peace aspect isn't.
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Neither part is correct if were going to use the same standards as today and apply them to the 90s.
When did the tech bubble burst? Clinton left a nice fat recession for Bush.Of course the run up to it was prosperous but if were using that logic the 'Bush years' were every bit as prosperous,in spite of wars,911,Katrina,Rita,right?
I hear from democrats at every turn how Bush/GOP has destroyed the economy but in reality its fared better than the 'Clinton years' IMO on a cyclical basis.
Both big run ups and big letdowns.However this letdown is hardly the beating the economy took when the .coms all got popped.