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Has Donald already Made America Great
#19
TheRealThing Wrote:Doesn't change what I said one iota. Better than the economy Bill Clinton inherited? :please:.


Many observers have blamed Bush's defeat on his reneging on his 1988 campaign pledge to refrain from raising taxes. However, the most important factor in Bush's defeat was discontent with the state of the nation's economy. The sluggish recovery from the 1990-91 recession created an anti-incumbency mood that Bush proved unable to overcome. The importance of economic conditions in the 1992 presidential election was famously summed up by Clinton campaign adviser James Carville's quip that "it's the economy, stupid."
The recession of the early 1990s lasted from July 1990 to March 1991. It was the largest recession since that of the early 1980s and contributed to George H.W. Bush's re-election defeat in 1992. Although mainly attributable to the workings of the business cycle and restrictive monetary policy, the 1990-91 recession demonstrated the growing importance of financial markets to the American and world economies.

DESCRIPTION:

From November 1982 to July 1990 the U.S. economy experienced robust growth, modest unemployment, and low inflation. The "Reagan boom" rested on shaky foundations, however, and as the 1980s progressed signs of trouble began to mount. On October 19, 1987 stock markets around the world crashed. In the U.S. the Dow Jones Industrial Average lost over 22% of its value. Although the causes of "Black Monday" were complex, many saw the crash as a sign that investors were worried about the inflation that might result from large U.S. budget deficits. The American housing market presented another sign of weakness, as in the second half of the 1980s a large number of savings and loan associations (private banks that specialized in home mortgages) went bankrupt. The collapse of the S&L industry negatively impacted the welfare of many American households and precipitated a large government bailout that placed further strain on the budget.

Although the 1987 stock market crash and the S&L crisis were separate phenomena, they demonstrated the growing importance of financial markets—and associated public and private sector debt—to the workings of the American economy. Other causes of the early 1990s recession included moves by the U.S. Federal Reserve to raise interest rates in the late 1980s and Iraq's invasion of Kuwait in the summer of 1990. The latter drove up the world price of oil, decreased consumer confidence, and exacerbated the downturn that was already underway.

Yes Donald has inherited the best economy of any other president in my lifetime
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Has Donald already Made America Great - by vector - 03-12-2017, 01:39 PM
Has Donald already Made America Great - by vector - 03-12-2017, 08:35 PM
Has Donald already Made America Great - by vector - 03-12-2017, 09:06 PM
Has Donald already Made America Great - by vector - 03-12-2017, 09:11 PM
Has Donald already Made America Great - by vector - 03-12-2017, 10:36 PM
Has Donald already Made America Great - by vector - 03-12-2017, 10:40 PM
Has Donald already Made America Great - by vector - 03-13-2017, 05:05 PM
Has Donald already Made America Great - by vector - 03-13-2017, 07:21 PM
Has Donald already Made America Great - by vector - 03-14-2017, 01:25 PM
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Has Donald already Made America Great - by vector - 03-19-2017, 08:07 PM
Has Donald already Made America Great - by vector - 03-19-2017, 08:15 PM
Has Donald already Made America Great - by vector - 05-22-2017, 06:57 PM

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