Quote:
Originally Posted by ChinoCoug
It was only partially a bubble. Most of it was real and due to productivity growth. Bringing the deficit down and gaining the confidence of Wall Street.
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The economy is largely a psychological ploy. If Wall Street and investors believe they will net returns, then manufacturing increases and risk ventures are undertaken.
He "brought" down the deficit by acceding to some of the demands of Republicans, and raising taxes to exorbitant levels. You give Bill far too much credit. Structurally, he did not set into place policies that benefited the economy.