HappySqurriel on 09 November 2010
| Tigerlure said:
I could have sworn Bill Clinton did exactly what you just mentioned, and the economy boomed. But maybe I'm wrong, maybe there were different circumstances. Care to explain? |
There are a few things that led to the economic boom under Bill Clinton, NAFTA which provided significant economic growth due to greater integration between Canada and the United States, banking de-regulation and a loose monetary policy which produced the dot-com and housing bubbles of the past decade, and a rapid expansion of consumer debt which led to the economy to become a consumer driven economy rather than a production/export driven economy.
