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re: What’s the Difference Between Bush’s High Gas Prices Vs Biden’s now?
Posted on 10/26/21 at 4:27 pm to Bard
Posted on 10/26/21 at 4:27 pm to Bard
quote:
The Dotcom Bubble was during Clinton's term. It ran from ~1995-2000. Bush wasn't in office until January 2001.
What Bush had was the Subprime Bubble and at the beginning of his first term he tried to drive home to Congress the problems that were coming, the Dems in the House downplayed it, even calling the administration racist just for suggesting it.
The problem was that Bush eventually let it go in order to cling to rising home ownership numbers and new housing builds as evidence of the economy rebounding post-9/11.
But then taking his eye off the ball to focus on some other bright/shiny was a big problem for GWB.
Very well said and spot on!
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