What would @billclinton's role be, if @HillaryClinton is elected? https://t.co/0jzsFetPNL
— Morning Joe (@Morning_Joe) May 17, 2016
WHAT WILL BILL DO IN THE WHITE HOUSE?
Excellent clip from this morning, with comments from Gingrich, Hillary and others. The only thing that will fix the economy is to bring back manufacturing jobs from overseas, and the only candidate who is talking about doing that is Donald Trump.
Bill Clinton did nothing spectacular as President. The economy did well under Clinton for two words and two reasons: Stock Bubble.
1) Every company in the world upgraded their computer/networking/telephone equipment between 1995 and 2000 because a bunch of idiots convinced folks that the digital world was going to blow up when the clock struck 2000. It was such mindblowing nonsense.
2) Reason #1 led to the internet and technology stock bubble that began in 1996 and lasted until the Summer of 2000. Investors got rich and paid a shit-ton of taxes which made the deficit look a heck of a lot smaller.
I know because I was at war shorting the tulips every day during the bubble, watching CNBC and trading the markets in California from 6 am until the aftermarket closed at 4 pm. On one occasion Tom Costello read an email on air I had sent him calling Jim Cramer 'a delusional monkey' for his vocal support of a secondary offering in Redback Networks, which I was heavily short. The stock eventually cratered from over $100 per share to less than two bucks. Suck it Cramer.