Obama approval rating continues to drop on the Peoria.com Forums - Page 7

The Dot.Com bubble didn't peak until 1998. Clinton passed the deficit reduction in '93 and the turn around was almost immediate.

Actually, the "dot com bubble" didn't even START until around 1998.

That's what I meant to write....

We had a balanced budget long before the dot.com bubble.

Al Gore was instrumental in passing two pieces of legislation that brought about the internet, which caused much of the economic growth in IT industry in the nineties. (The 1988 National High-Performance Computer Act and the Information Infrastructure and Technology Act of 1992.)

And Bush benefited from the housing bubble. The growth we had in the last decade was false. People were raiding their home equity to purchase cars, home improvements, vacations, and anything else they wanted. Wages weren't up so if there hadn't been home equity we would've been in this economic situation a lot sooner.

Anybody notice the Federal Deficit is now projected at $9 Trillion instead of the $7 trillion Barry was promising?

Guess that's a plus for him, isn't it?

I won't deny that.