Comment

President Obama Quotes Jimi Hendrix

294
elbruce9/06/2010 7:34:53 pm PDT

re: #279 compound idaho

Wall Street crash 1987 (-25%). No stimulus. Not Bailout. Economic boom for 20 years under both democrats and rebulicans.


“Economic boom for 20 years” is a silly thing to say. G.H.W. Bush got only one term primarily because the recovery from that recession was considered too anemic (“it’s the economy, stupid” - remember that?). Clinton oversaw eight years of strong growth, ended by a dot-com collapse which occurred almost as soon as G.W. Bush got into office. So if you say that the recover started much earlier than it did and then pretend another crash didn’t happen… But that recession was nothing compared to this one.