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Originally Posted by strandinthewind
Once again, the little guy got a boon in the Clinton economy mostly through phantom wealth. Can you not see that?
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No....the money in my pocket and in my bank account was real enough. it bought my house which is also real. Housing markets were booming all OVER the Nation, and new housing starts too during the Clinton years. THAT is real. The only way that could fall is if people were stupid enough to buy into that creative financing with ARM's and whatnot. That could certainly pose a problem like you said. but that isnt an aspect of the Clinton economy. I maintain that under his watch, the lifestyle and living conditions for the majority of mainstream America was improved for the first real time since the second world war. We probably wont see that again in our lifetimes.