Can someone explain the Clinton recession to me?

Question

I thought folks were doing pretty well in his years. Am i wrong?

Answer 1

Coming off the highs of Reagan, and GB Sr., Clinton just coasted through. He was lucky. Poor GWB had to deal with the aftermath of 8 years of nothing, and a major slashing of the military.

Answer 2

They are referring to the fact that the economy and the stock market took a big hit the last 9 months or so of his presidency.The phoney internet stocks basically crashed, which had something to do with it.Clinton took over the presidency when the ecomony was getting back on track, so if he took credit for that, then he should take the blame when the economy was going down as well, no?
But the Clinton recession is also a Republican sales pitch used by Sean Hannity and others to bash Dems and make Bush look better. The president though is like a coach. When they win they get too much credit, when they lose they get too much blame.

Answer 3

The Clinton recession happened right after President Clinton's encounter with Monica.

There was a recession !

Answer 4

There was no Clinton Recession! In fact under Clinton we had the longest period of expansion in the nation's history. The people behind the Clinton recession lie are the repiblicans who have been making this country suffer economically for five and a half years and have drown our nation in red ink, and that is stone cold fact. The republicans are trying to put a spin on history, trying the smoke and mirrors game to deflect attention from their own failed and often criminal agenda this i believe with all my heart and soul.
Check out the articles below, especially the business week one,

Answer 5

Sure!

During the Clinton recession, the national debt went down to the tune of 250 billion dollars.

Take a look at the history of our national debt and the effect of the Clinton recession had on it http://zfacts.com/p/318.html
both as a percentage of GDP and in real dollars.

Answer 6

We had the lowest unemployment rate and the greatest peacetime growth in our history under Clinton's leadership. Towards the last year of his Presidency, when the Republicans (not being able to formulate their own agendas) tried to remove Clinton from office for civil perjury (which is NOT a high crime or misdemeanor as written in the Constitution), we had the dot com implosion which put in motion the recession which got worse after 9/11.

Answer 7

Beginning in January 2000, 1 year before Bush was sworn in as president, and 20 months before the end of the last Clinton budget (October to October), the dot.com economy bubble burst, and started a long slide into recession.

Source listed shows the relevant data for the time period, indicating a slide which started in 2000. Note especially the precipitous NASDAQ drop.

Answer 8

Things were great during the Clinton years. The recession was during the Bush administration and the neocons blame it and all the rest of Bush's failures on Clinton.
Vote in November to replace the corrupt rubberstamp Republicans in Congress!

Answer 9

In 1999 the tech bubble burst and the stock market began its fall that continued until after 9/11. Many people were doing really great during the volitile market of the mid 90's until it became apparent that many of the internet stocks weren't actually making any money. Enron and WorldCom were cooking their books during this time, and after it was realized that many companies were lying about their profits the big fall began in 2000. The problem was that during Clinton's presidency he did nothing to police the corporations that were violating the law. He was too busy taking credit and not seeing the warning signs that most of the companies couldn't possibly be making that much of a profit with no business plan.

Answer 10

there was no recesssion. now some republicans tried to say that at the end of his term there was one. and they are some what correct. but what they always leave out DURING EVERY PRESIDENTIAL CHANGE OVER. THERE IS A RECESSION FOR A YEAR OR TWO.

and that makes sense in that many don' tknow the new guy and what to expect.

but there was no recession as there was under reagen. that recession was based simply on poor gov. spending and waste. which can be directly related to reagans bad ideas on economy-trickle down.

Answer 11

Sure, any problems back during the Clinton years was George W Bush's fault just like everything else today is.