Dem President = Weak Economy

Posted by $ Abaco 1 year, 9 months ago to Economics
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I’m old enough now to look back on my firsthand experiences and see the correlation (causation) that having a Dem in the White House means a weakened economy with slumping equities, real estate pain, unemployment, inflation, etc. The only glitch in that is the fact that Clinton was tied up by Kenneth Star to the point that he was relatively hands-off and we ended up with our last surplus as a result. I knew this but failed to listen to myself sufficiently for the first year of Biden’s presidency. I should have sold everything immediately and loaded up on puts. Just riding it out now.


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  • Posted by $ Markus_Katabri 1 year, 9 months ago
    To be fair....things were pretty good under Clinton. But They nose dived fast. Which leads me to believe it was unsustainable smoke and mirrors.
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    • Posted by bobbitchen34 1 year, 9 months ago
      Yes, the 90's were pretty good. But it was also a point where a large number boomers were hitting their apex, probably one of the last US generations willing to have enough self awareness to take on some self responsibility.
      Politicians (AKA public servants) always want to take credit as if they made it happen. When most of the real progress happened when they got out of the way.
      Face it, Al Gore didn't really invent the internet.
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    • Posted by $ blarman 1 year, 9 months ago
      Economics in an economy as complex and large as the US typically lag 3-4 years. Reagan's first several years (inherited from Carter) dealt with tailing down the policies which had led to disastrous inflation, etc. Then once Reagan's policies started taking hold, they drove economic growth which lasted well beyond Bush I (remember his "No New Taxes" crap) and into Clinton's reign. Only the Democratic tax-and-spend policies (especially the huge growth of welfare) of the early 90's started dismantling Reagan's working economics and brought us into the crisis around Y2K (which was used to hide much of this).

      Unfortunately, the 90's also saw a huge rise in establishment Republicans which went along with Democrats and their "you spend on this and I'll spend on that" budgeting which has resulted in rapidly expanding deficits since. Then to cover this spending - and knowing that tax increases were politically problematic - both parties turned to monetary expansion with their more-than-willing accomplices at the Federal Reserve which began playing their games and manipulating the money supply - a series of policies (such as QE in all its iterations) that are now coming to bear the negative fruits that anyone sane saw coming 20 years ago.
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      • Posted by mccannon01 1 year, 9 months ago
        I agree the policies of Reagan in the '80s set the scenario for prosperity in the '90s enjoyed by Clinton. Clinton's watch set the scenario for the real estate crash and things have been a mess ever since.
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    • Posted by $ pixelate 1 year, 9 months ago
      Relatively speaking, I would agree ... the Roaring 90's had me traveling all over the place, teaching "software development for the next century." Do you recall Oxygen Bars? Brought in good money, but I knew it wouldn't last (perty obvious as eras have a beginning, middle and end). The Internet boom created an abundance of day-traders riding the wave. I recall following a passel of Internet companies: Razorfish, MarchFirst, Radiant ... when the crash finally arrived in March 2000, market valuations dropped 90%+ per year. Lots of smoke. Similar to CryptoCurrencyCrap. I watched the meltdown from the sidelines.
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  • Posted by term2 1 year, 9 months ago
    the left wants to pull down the economy, and they have admitted that is their goal. They are succeeding. The problem is that once they "reset" the USA, it may not be possible to have it come back in ANY form. Other countries will take the place of the USA in the world.
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