Re: A really great essay by Keith Cowing

Chris Jones wrote:
> 
> "Jorge R. Frank" <[EMAIL PROTECTED]> writes:
> 
> [...]
> 
> >> Gee, I liked the economy under Clinton far better than Reagan and both
> >> Bushes.
> >
> > It's far from clear how much credit Clinton deserves for the 90's economic
> > boom. It was mostly driven by the dot.coms, which Clinton had little to do
> > with other than having the good sense to stay out of the way. Clinton's
> > main contribution to the boom was freer trade (NAFTA, GATT), but you
> > wouldn't know it by listening to the current Democratic candidates, who are
> > practically climbing over each other to distance themselves from it.
> 
> Interesting debating tactic.  Man says "Clinton good."  You say, "No, he
> was smart and all he did was promote free trade and make economy go
> boom."
> 
> Which economy do you like better?

The glowing "Clinton Economy" was based on bullshit, and began to
implode in March of 2000 (who was President then?). The Clinton Economy
was driven by lies and corporate fraud; many of those who fraudulently
prospered under Clinton are being investigated and arrested and
prosecuted under Bush. 

In the Clinton Economy, big fat threats to the economy, like global
terrorism and basically evil regimes, were ignored or placated...
anything but dealt with. Under the Bush Economy, these threats are
exposed and being dealt with. One can argue with how well they're being
dealt with, but it's clear that they are being dealt with FAR better
than under Clinton.

-- 
Scott Lowther, Engineer
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