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turd furgeson asked What was the real reason for prosperity in the 90's?
Was it Clinton policies, or the fact that the Soviet Union had just collapsed and the US was now the lone superpower? And what is causing the economic problems now, the Bush policies or the fact that China is now becoming a superpower? Does anyone else think we put too much emphasis on partisan policies and less on the big picture? It's the same flawed logic to say that FDR saved the economy when really it was the start of WW2 and the fact that the US supplied nearly all the Allies with military goods. We were also the only major industrial power NOT attacked.
And got the following answer:
Since Reagan, we've been riding one bubble after another. In the 80's, 90's, 00's, we de-regulated, changed rules to allow corporations to do whatever they want, and then rode the bubbles that resulted. When one bubble is over, they look for the next one. It's called reaganomics, and it's been killing the middle class, and the average American in this country for the last 30 years. Reagan, Bush, Clinton, Bush... will it end with Obama? So far it doesn't look like it. Make sure you keep up the "it's all Clintons fault" & "it's Obama's fault" partisan bs though. It's really helping us.