Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I'd agree that some trends predate Bush, but there are some differences:

  • rather more competent government, including the complete elimination of the budget deficit. No insane tax cuts focused on the rich (in fact, Clinton increased taxes), no out of control pork and MIC spending, no draining wars;

  • monetary policy, while too loose, was not as scandalous as during the Bush years - especially given he respective fiscal positions;

  • the Clinton administration had a real 'strong dollar' policy, and it showed;

  • the dotcom bubble was, in some ways, inevitable, as it was a burst of investment in a brand new technology. A lot of the money was wasted, but it also brought about a whole new industry, new technologies and more. There will be no Google from the Bush/Greenspan born out of the housing bubble.

It was tamed neoliberalism, and it was decent center-right economic policy.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Nov 22nd, 2007 at 11:16:49 AM EST
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