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Both Clinton and Obama inherited a recession from their Republican predecessors, and were punished for the unforgivable sin of responding appropriately.
by blacksqr 6y ago
Both Clinton and Obama inherited a recession from their Republican predecessors, and were punished for the unforgivable sin of responding appropriately.
- aksss 6y agoBy that logic did Bush inherit the dot-com crash from Clinton? I think you'd like to make the world fit neatly into ideological views. The boom-bust cycle of the US economy is pretty nuts when you step back and take it all in. Often the federal policies and bank regulations, to the extent they drive 'irrational exuberance', seldom reach their zenith and nadir all within one administration. The subprime mortgage crisis being a good example.