• kibiz0r@midwest.socialEnglish
    201·
    3 days ago

    The one exception occurred in the late 1990s and early 2000s, when the dot-com and housing bubbles fueled a consumption binge that delayed the harmful effects of the Clinton surpluses until the Great Recession of 2007-09.

    • Serinus@lemmy.world
      15·
      2 days ago

      Heh, you can’t primarily blame Clinton for the thing that W had 8 years to fix. Have you watched The Big Short?

    • LeninOnAPrayer@lemm.eeEnglish
      41·
      2 days ago

      I’d say this is basically just the result of neoliberalism, something Clinton contributed to, but not Clinton alone.

      It was very much a bipartisan economic policy that started from Carter, put on overdrive with Reagan, and continued into our economic policies today.

    • FearfulSalad@ttrpg.network
      8·
      2 days ago

      Oh, no problem then! The AI bubble will carry us through far enough until it all comes crashing down in… I want to say 2027?