• @kibiz0r@midwest.social
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    1910 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
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      1410 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.ee
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      310 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.