Kensian Economics: Debt good, Surplus bad
If you look at the Clinton administration this is a prime example of Kensian economics. Clinton finally created a surplus and in March of 2000 the market began its recession. Recession rolls over into October of 2002. Bush creates tax cuts, takes money away from Gov't gives it back to people and the economy grows. We have gained 3000 points on the DOW since October of 2002. For those of you who can't do the math that is 1500 points a year. Not bad if you ask me. Unemployment rates are at 5.4%. Clinton's average unemployment for his Presidency was 5.3%. Yes Clinton had a better unemployment rate but he FAILED to stabilize what could have been a brilliant economy. During Clinton's admin we had many upstart technology companies that were HIGHLY unstable, much of that economy was nothing more than an over-glorified myth. Many of the small businesses had a high debt-to-assets ratio. To top it of Clinton and his liberal buddies found it necessary to tax the shit out of small businesses. So of course the dot-com bubble was going to burst because the Gov't was not creating tax advantages for the small business owners (aka the people who create jobs).
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