23 10 12 - 16:02We've been saying it for years: Bill Clinton presided over unprecedented growth because he created cheap money and devalued the currency at the same time the dot-com boom hit.
The recession beginning in 2007 was just the market adjusting the difference between perceived value of American currency and its actual trading value.
If the government is in surplus, it means that the government is taking in more cash than it's spending, which is the opposite of stimulus.
It's also well known that the US trade deficit exploded during the late 90s, which means that [the export-import deficit] was also a huge drag on GDP during his years.
So the trade deficit was subtracting from GDP, and the government was sucking up more money from the private sector than it was pushing out.
There was only one "sector" of the economy left to compensate: Private consumption. And private consumption compensated for the drags from government and trade in two ways. - Business Insider
This was basically a pump-n-dump scheme pulled off on an entire economy.
No wonder they called him the gangster president.
In addition, social entitlements are the sector of the government we added in the 1950s that grew to over half our budget.
Under Clinton, it expanded into the private sector as he urged loaners to help him in his vision of an ethnically equal America.
The result was lots of home loans, seeding the housing bubble, and the dot-com bubble, and now the currency bubble.
Get a Baby Boomer in the White House and they'll destroy your nation.