sorry this isn't relevant to current politics

[Luc214]

Someone I was talking to last night (extreme right winger) made a claim that the reason the economy was so good under Bill Clinton is because he borrowed money from the future or something like that and the reason it's bad now is that we're paying all that off and not because of anything Bush has done.

I'd never heard this before, is it true? (I doubt it)

[spitfirejunky]

Clinton transcends time.

[Reaganista]

ppl who dont know about economics shouldnt talk about it i took a full year of it in college and i dont know hardly anything just enough to know that that guy is stupid

[gregulus]

ppl who dont know about economics shouldnt talk about it i took a full year of it in college and i dont know hardly anything just enough to know that that guy is stupid

QFT. I don't even pretend to know anything about economics.

[Akira]

Last time I wanted to buy something big I just hopped in my time machine...

[McP3000]

Someone I was talking to last night (extreme right winger) made a claim that the reason the economy was so good under Bill Clinton is because he borrowed money from the future or something like that and the reason it's bad now is that we're paying all that off and not because of anything Bush has done.

I'd never heard this before, is it true? (I doubt it)
oh god i hope he was trolling you,

because my righties say that it was Reagan and Bush Sr's terms that set up the economy to be peachy perfect.

[beso negro]

he's right that dems are economically incompetent but he's got the wrong reason

[Smokey D]

One of the reasons the economy was good was because the Fed was running a very loose monetary policy under Greenspan, and in some ways the credit crunch is the market's correction for that.

But at the time, Clinton was doing pretty much everything he was supposed to for that sort of policy, so I dunno.

[Radiobass81]

QFT. I don't even pretend to know anything about economics.

A wise man one said: I only know I know nothing about economics.

[Hababi]

part of it was luck
part of it was pretty sound policies including broadening free trade

[Reaganista]

part of it was luck
ya he rolled triple yahtzee

[McP3000]

he rolled triple yahtzee whenever monica was in the room

[Luc214]

Well actually I misunderstood, she was saying Clinton made a lot of short term loans that the next generation would have to pay off and we are now.

That makes more sense but I haven't heard it.

[Aaron]

You're friend was trying to grasp at the arguement that Clinton was on a good wicket and had money to burn, but instead of reducing debt spent money. But realistically, it's a flawed arguement when you look at the economic climate at the time however, as Smokey noted. Any spending that is done wisely is an investment in the future.

ps. I hope your friend never goes into economics or politics

[Smokey D]

But also, Clinton built the biggest surplus in US history so he didn't really over spend or anything.

[Luc214]

lol she's actually a friend of my mom's. And she said alot of ridiculous things including that Obama was a muslim and implied that he was working for terrorists, I mean seriously.....

[Radiobass81]

lol she's actually a friend of my mom's. And she said alot of ridiculous things including that Obama was a muslim and implied that he was working for terrorists, I mean seriously.....

Steve is a woman?

[Luc214]

no apparently there is more than one of him

[Aaron]

We are Steve and we are legion.

[sLarkin20]

Is this thread about Bill Clinton's ability to time-travel?

[Aaron]

He just blows his magic sax and...

[sLarkin20]

How do you know this?

[Pop music sucks]

Because his saxophone is the time machine

[sLarkin20]

I want it.

[Already_Taken]

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