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(lemmy.dbzer0.com)
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this post was submitted on 07 May 2025
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Sure, bad things have happened every time we’ve tried tariffs.
But we have to do something to balance the budget!
Uhhhhhhhhhhhhhhhhh…
So old Billy Clinton was the only president to balance the budget without causing a depression? Interesting.
Heh, you can't primarily blame Clinton for the thing that W had 8 years to fix. Have you watched The Big Short?
Oh, no problem then! The AI bubble will carry us through far enough until it all comes crashing down in... I want to say 2027?
Yes... The AI bubble. Which is definitely still a thing. Definitely.
I'd say this is basically just the result of neoliberalism, something Clinton contributed to, but not Clinton alone.
It was very much a bipartisan economic policy that started from Carter, put on overdrive with Reagan, and continued into our economic policies today.
Its the economy, stupid.