If you had to live in a particular economy you could choose, which would be better in your opinion? Why?
Deficit spending without any real investment is bad for the economy. Trumps economy is just like taking someone who is a recovering alcoholic, putting him on anabolic steroids for 4 years straight, and trying to convince everyone that guy is more healthy. The crash from the Trump sugar high economy is going to hurt more than most downturns because of this. Bill ran a surplus, which I believe was the last one we’ve had during a presidency. He was far from perfect though and in 2019 I think he gets removed both for his treatment of women and the popularity of Gore who would be much more relevant in 2019 with climate change now such a dire threat. But Bill was far and away the better more stable president. It’s not even close. Trump is literally trying to get a ruling from the Supreme Court that he is above the law and is being impeached for trying to get a foreign power to rig our election. Yeah... and we are arguing about Bill Clinton??? Give me a break.
In the late 90s, my profession, software engineers, was getting standard job offers out of college ... and ... signing bonuses.
I was a bank teller for Comerica in 1998. I worked at different locations. For a week i worked at a location in the BMC software headquarters building, it was just for BMC employees. The Friday of that week the BMC employees were getting quarterly bonuses. The smallest checks i saw were no less tha $500 and they looked liked administrative assistants. Mid level managers were getting 8 figure checks. It was just me and another teller. This guy hands me a $250k check. I was like i have to check this. My co-worker was like oh this is Max Watson, CEO.
It's a tough call. The availability of technology I use at a much more affordable rate would make this the time for me to be doing what I am doing. It might be possible before but at a cost that would have made it undoable.
The difference in the two economies is hardly my biggest concern comparing the two presidencies. But my primary concern about today's economy is the worsening economic disparity, a phenomenon that the tech boom in the 90s and especially the expansion of free trade agreements and globalism contributed to quite a bit. At least now people are talking about the problem and how to address it. There was little concern for the have-nots back then. Maybe I could benefit more in a Clinton economy today than a Trump economy, but I wouldn't want to put the policy blinders back on.
When the budget was balanced there was no disagreement faux or real between the parties about the strength of the economy. Everyone knew it was strong It was more about who got the credit
This is why have immense respect for the first Bush. He sacrificed his second term raising taxes. That set up Clinton's economy And he didn't follow Saddam into Iraq. That was an unpopular decision
