re: #98 BryanS

I’d say the 90’s expansion was a classic boom to bust scenario. If anything, taxes during the Clinton years should have been higher to give us bigger surpluses, an hopefully could have cut short the irrational exuberance. The tax cuts of the naughts did cause the economy to rebound, most definitely. But they only helped contribute to the next bubble in real estate. Oh, and Greenspan went along for the ride all along.

The economy only rebounded in the naughts for the top earners. Wages for middle and lower income were stagnant or deflationary during the last decade. It was only a rebound for the rich.