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> During Clinton's time there was a huge run-up in the stock market fueled b a lot of internet companies. I'm not sure the dot-com boom and bust affected the r
by forapurpose 8y ago
> During Clinton's time there was a huge run-up in the stock market fueled b a lot of internet companies.
I'm not sure the dot-com boom and bust affected the rest of the economy nearly as much as it affected our industry. If there was a recession, it was the smallest in decades:
https://tradingeconomics.com/united-states/gdp-growth-annual https://tradingeconomics.com/united-states/gdp-growth-annual
- mywittyname 8y agoThe recession happened just before Bush's election (officially starting in March 2000). The .com bust had a huge impact on the tech sector, but the Enron & Worldcom scandals hit the rest of the economy hard. It was a modest recession, but it wiped out a huge amount of wealth held by "main street" investors. It was bad enough that Bush, a very, very pro-business president, signed into law the Sarbanes-Oxley Act, which is widely criticized as an onerous and needless regulation by conservatives.