Lifestyle > Train of Thought

The Economy

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Trauma-san:
^^ Yup, good news is good news anyway you look at it.  

M Dogg™:
After being so down for so long, the only place the economy can go is up. For how long, who knows, we shall see. But it's no where near the 90's level we saw.

Trauma-san:
Actually, it's growing stronger than it ever did in the 90's.  

M Dogg™:

--- Quote from: Trauma on November 09, 2003, 09:27:28 PM ---Actually, it's growing stronger than it ever did in the 90's.  

--- End quote ---

The rate is higher, but because it was so down, so it's growning faster, but the question is if it will cap off or not. And the economy in the 90's didn't sky rocket. In fact, at first Bill Clinton was highly unpopular because the economy didn't really take off at all, instead it just slowly grew until the late 90's where it was at one of the highest rates in U.S. history. I would trust a slow growth over a fast one anytime.

Don Jacob:
the reason why the economy grew so much was because the end of the cold war where the defense budget was practically cut completely out leaving vast amounts of money for clinton to play with without looking bad......clinton didn't make the economy grow the end of the cold war did...



and the reason why the economy is growing is because of the war, it's a known fact that war creates economies (ie ww2) all those choppers giong down need to be replaced....so factories that make those things are hiring more people......so places like LA and San Diego where a lot of the militray industrial things happen are having strong economies.....dont be suprised if california's debt becomes a surplus again.

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