Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era

[Conservative]

First and foremost, the dot com bubble didn't burst until AFTER 2000. Secondly:

Another instance of you not having a clue about the topic you choose to discuss.

Sorry but that is wrong, the bubble was created in the 90's like the housing bubble and it burst in late 2000 causing the minor recession we had in March 2001. The affect of that bubble was to create the housing bubble and demand for real estate

 

[Conservative]

Entitlement spending flows back into the the private sector! Please try and keep up.

In certain segments but not the entire economy in general. It goes to food and housing which is part of the economy but hurts the discretionary segment as well as investment segment

 

[Kushinator]

Sorry but that is wrong, the bubble was created in the 90's like the housing bubble and it burst in late 2000 causing the minor recession we had in March 2001. The affect of that bubble was to create the housing bubble and demand for real estate

Wait, so the very low interest rates of the 90's weren't the cause of the housing bubble?

interesting. Where is the current housing bubble?

 

[Conservative]

Entitlement spending flows back into the the private sector at nearly a 100% rate! Please try and keep up.

The dotcom bubble was created in the 90's

 

[Kushinator]

In certain segments but not the entire economy in general. It goes to food and housing which is part of the economy but hurts the discretionary segment as well as investment segment

It's not a zero sum game. People who work and invest in the food and housing sectors also make discretionary purchases and investments.

Fact of the matter is, the money does flow right back into the private sector. Given that the majority of tax revenue comes out of the savings of high income earners, it has greater impact on the economy then had it been left sitting in banks or money markets.

 

[Kushinator]

The dotcom bubble was created in the 90's

:shock:

Oooooooooooooook.

 

[Conservative]

Wait, so the very low interest rates of the 90's weren't the cause of the housing bubble?

interesting. Where is the current housing bubble?

keep moving the goal posts. I have posted the link to dotcom bubble as well as many links to the Housing bubble. There is a bubble being formed now just like the one in the 90's

 

[Conservative]

First and foremost, the dot com bubble didn't burst until AFTER 2000. Secondly:

Another instance of you not having a clue about the topic you choose to discuss.

again, you have been indoctrinated well. In order for a bubble to burst there has to be a bubble and the dotcom bubble was created in the 90's

https://en.wikipedia.org/wiki/Dot-com_bubble

 

[finebead]

Again, you seem to missing the point that Clinton did not face an economic downturn until the end of his presidency, so never had to take action to correct it. Therefore he is irrelevant to the comparison being made between Obama and other presidents over the last 40 years.

He faced the failure to recover from the early 90's recession that cost Bush I the election in '92. The recession ended in early '91, but unemployment continued to rise to a peak in mid '92. Then, he didn't screw up and create a problem for himself, like his successor did.

Clinton’s major contribution was pushing through the 1993 budget bill, which began to reduce what had become a chronic string of federal deficits. Republicans denounced it as the "largest tax increase in history," though in fact it was not a record and also contained some cuts in projected spending. Republican Rep. Newt Gingrich predicted: "The tax increase will kill jobs and lead to a recession, and the recession will force people off of work and onto unemployment and will actually increase the deficit." But just the opposite happened. Fears of inflation waned and interest rates fell, making money cheaper to borrow for homes, cars and investment. What had been a slow economic recovery turned into a roaring boom, bringing in so much unanticipated tax revenue from rising incomes and stock-market gains that the government actually was running record surpluses by the time Clinton left office.

Clinton and Economic Growth in the ’90s

Bush II got a balanced budget and mild slowdown, and 8 years later managed to turn it in to the first trillion dollar deficit in his last year in office, and the near collapse of the financial system, with the economy losing 800K jobs per month in late 2008. In the eighth year of his presidency, Bush II owned that disaster.

 

[Kushinator]

keep moving the goal posts.

These are your own words.

There is a bubble being formed now just like the one in the 90's

Uh huh.

The only way you can identify a bubble is through hindsight.

 

[Kushinator]

again, you have been indoctrinated well. In order for a bubble to burst there has to be a bubble and the dotcom bubble was created in the 90's

In other news, the sky is blue in Arizona.

 

[Conservative]

He faced the failure to recover from the early 90's recession that cost Bush I the election in '92. The recession ended in early '91, but unemployment continued to rise to a peak in mid '92. Then, he didn't screw up and create a problem for himself, like his successor did.


Clinton and Economic Growth in the ’90s

Bush II got a balanced budget and mild slowdown, and 8 years later managed to turn it in to the first trillion dollar deficit in his last year in office, and the near collapse of the financial system, with the economy losing 800K jobs per month in late 2008. In the eighth year of his presidency, Bush II owned that disaster.

I find it rather interesting how Treasury data is ignored, what you and others want to ignore is that it was a Projected budget surplus and that ignored the dotcom bubble as well as 9/11. Clinton left the country with a 1.4 TRILLION dollar debt

Absolutely stunning how ignorant many are of the facts and how they want to buy the leftwing rhetoric and media spin. Please learn the definition of the debt

Debt to the Penny (Daily History Search Application)

Government - Historical Debt Outstanding - Annual 2000 - 2015

 

[Conservative]

These are your own words.



Uh huh.

The only way you can identify a bubble is through hindsight.

Depends on where you look, keep ignoring reality and posting opinions as fact

 

[joG]

These are your own words.



Uh huh.

The only way you can identify a bubble is through hindsight.

Well, sure prediction of the is never 100 percent certain. But Greenspan had identified the bubble alright. It was only a matter of time, when it would busts, if it was not properly handled. I was not sure, when it would burst, but my prediction of where the NASDAQ or DAX would be at the end was plus minus 5 percent of the fall from the top. There were lots of people saying that exponential growth can go on. But they were talking their own books and believing the hot air.

We are now also in danger of a double bubble blowing out and we shall have to see, how the Fed/Governments handle the situation.

 

[Fenton]

Obama got handed a s**t sandwich, courtesy of the previous Chimp, conservatives have amnesia 2000-2008.

8 years later and you're still blaming Bush ? Obsess much ?

 

[Kushinator]

Depends on where you look, keep ignoring reality and posting opinions as fact

I just posted a fact: the historic price to earnings ratio of the NASDAQ and S&P 500. Rejecting it because it doesn't support your false narrative shows you have no integrity when it comes to debate and discussion.

You're just a partisan hack who has nothing but ignorant talking points.

 

[Kushinator]

We are now also in danger of a double bubble blowing out and we shall have to see, how the Fed/Governments handle the situation.

Cool story brah!

 

[finebead]

The numbers don't seem to agree with you:

View attachment 67205052

Actually, the numbers do agree with me, when you look at all of Bush I's term and Clinton's. You can see that twice in Bush I's term, unemployment temporarily fell, only to begin to rise again. There is NO guarantee that the decline in late 1992 would have continued. All we know is that Clinton was elected, and for almost all of his 2 terms, unemployment was coming down.

 

[Conservative]

He faced the failure to recover from the early 90's recession that cost Bush I the election in '92. The recession ended in early '91, but unemployment continued to rise to a peak in mid '92. Then, he didn't screw up and create a problem for himself, like his successor did.


Clinton and Economic Growth in the ’90s

Bush II got a balanced budget and mild slowdown, and 8 years later managed to turn it in to the first trillion dollar deficit in his last year in office, and the near collapse of the financial system, with the economy losing 800K jobs per month in late 2008. In the eighth year of his presidency, Bush II owned that disaster.

I wonder what it is that you and others know that the Treasury Dept. doesn't? Seems the left wants to focus on PROJECTIONS as reality ignoring that we actually pay debt service on the actual debt, not Projections and the debt that Clinton generated was prior to Bush taking office. Don't you think if there was a surplus that the Treasury Dept. would show it on the sites I linked in post 87? Is there ever going to be a time when the left and supporters of the leftwing ideology recognize actual data and stop spreading lies and distortions?

How do you explain the ACTUAL Clinton debt to your post that there was a surplus? If there was a surplus how could the debt grow 1.4 trillion dollars and why is that Reagan's debt of 1.7 trillion dollars in 8 years is so much worse than Clinton's 1.4 trillion in 8 years since Reagan doubled GDP and left Clinton with a peace dividend?

 

[Absentglare]

That is leftwing bull**** and typical of passing the buck and blame that belongs to more than Bush. It wasn't the deregulation alone that caused the crash but very low interest rates in the 90's after the dot.com bubble burst that led to increased real estate demand driving up prices.

What the **** ????

Low interest rates are to blame ???

Do you have any idea how ridiculous you sound to anyone who isn't a right wing partisan hack ?

So we have a proposal for a 4.2 trillion dollar budget does impact that national debt and all that does is increase govt. power

I noticed that you're running away from your ridiculously false claim that taxes take money away from the states *lol*.

 

[jet57]

It is like saying.. low birth rates in the US, is Obamas fault because historically they were higher after WW2.

Yeah, the DOW being up over 18,000 is a sure sign of failure.

 

[Conservative]

I just posted a fact: the historic price to earnings ratio of the NASDAQ and S&P 500. Rejecting it because it doesn't support your false narrative shows you have no integrity when it comes to debate and discussion.

You're just a partisan hack who has nothing but ignorant talking points.

price to earnings ration is irrelevant as we have an inflated stock market driven up by continued low interest rates which is increasing demand again for housing. My false narrative as you call it doesn't ignore what is going on, yours does because that is what you want to believe and what Keynesians want to believe

Calling me a partisan hack is a liberal ploy that divert from reality. I am waiting for you to respond to the dotcom bubble time table, the reality that Clinton never had a budget surplus, that Clinton added 1.4 trillion to the debt, Obama has added 8.6 trillion to the debt has never had GDP growth for any year exceeding 3%? Any time you are ready to discuss reality and not simply your charts I will be here

 

[Conservative]

What the **** ????

Low interest rates are to blame ???

Do you have any idea how ridiculous you sound to anyone who isn't a right wing partisan hack ?



I noticed that you're running away from your ridiculously false claim that taxes take money away from the states *lol*.

Please do some research and stop being foolish. Low interest rates force people into investments and out of cash and that is exactly what happened in the 90's when the housing bubble was created. Low money market interest rates were an incentive to go into housing and that drove up demand thus creating the bubble. The same thing is happening now.

Where the hell do you think your tax dollars go if not out of your state? What do you do with less spendable income because of high taxes as related to the state economy? are you really this naïve?

 

[ALiberalModerate]

The US economy is the only large developed economy on earth that has experienced consistent growth since the Financial Crisis in 2008 / 2009, and you guys are bitching. What other time in US history have we been the only large developed economy on earth that grew while the rest of the large developed countries were either stagnant or in decline?

The fact that we are still growing while everyone else is at best stagnant is practically a miracle.

 

[finebead]

I find it rather interesting how Treasury data is ignored, what you and others want to ignore is that it was a Projected budget surplus and that ignored the dotcom bubble as well as 9/11. Clinton left the country with a 1.4 TRILLION dollar debt

Absolutely stunning how ignorant many are of the facts and how they want to buy the leftwing rhetoric and media spin. Please learn the definition of the debt

Debt to the Penny (Daily History Search Application)

Government - Historical Debt Outstanding - Annual 2000 - 2015

When we say that Clinton turned over a balanced budget, we mean the budget was balanced in his last year. I think the 1.4 trillion debt you speak of Clinton running up is his EIGHT YEAR debt, which includes the high debt up front in his administration, that was the structural debt he inherited from Bush I.

But, let's look at his final year, 2000. From your Treasury site, here are the numbers:

Clinton Balanced Budget in 2000:

Here are the treasury total national debt figures for Oct. 1, 1999 and Oct. 1, 2000, Clinton's last full year in office, including intragovernmental transfers (that make the debt as bad as possible, this is NOT the way any politician in Wash. quotes the debt figures, they ALWAYS exclude the intragovernmental debts).

9/30/2000.....$5,674,178,209,887.....$17,907,308,253
9/30/1999.....$5,656,270,901,633
Debt to the Penny (Daily History Search Application)

You see an 18 billion increase in the total debt of the nation. If I divide that by 5.656 trillion, the national debt in 1999, in order to get percent increase, that is .0032, or as a percent that's .3% increase. I call that a balanced budget, by the harshest measure possible, and I get those numbers from the same website you cited, treasury.gov. Now if I round. that .3% would round down to a zero, the budget was balanced by the harshest measure possible.

Again, I said Clinton turned over a balanced budget, and I have shown you that he did. You're wrong.