• Serinus@lemmy.world
    231·
    2 days ago

    So old Billy Clinton was the only president to balance the budget without causing a depression? Interesting.

    • kibiz0r@midwest.socialEnglish
      201·
      2 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
        16·
        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·
        1 day 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?