Former President Bill Clinton will have a marquee role in this summer's Democratic National Convention, where he will make a forceful case for President Barack Obama's re-election and his economic vision for the country, several Obama campaign and Democratic party officials said Sunday.
The move gives the Obama campaign an opportunity to take advantage of the former president's immense popularity and remind voters that a Democrat was in the White House the last time the American economy was thriving.THRIVING!?!?
THAT'S A LIE.
REMEMBER THE "NEW ECONOMY"/NASDAQ MELTDOWN WHEN THE DOTCOM BUBBLE BURST? REMINDER:
The dot-com bubble (also referred to as the Internet bubble and the Information Technology Bubble) was a historic speculative bubble covering roughly 1995–2000 (with a climax on March 10, 2000, with the NASDAQ peaking at 5132.52 in intraday trading before closing at 5048.62) ...
, April 4, the NASDAQ fell from 4,283 points to 3,649 and rebounded back to 4,223, forming an intraday chart that looked like a stretched V.
On March 20, 2000, after the NASDAQ had lost more than 10 percent from its peak, financial magazine Barron's shocked the market with its cover story "Burning Up". Sean Parker stated: "During the next 12 months, scores of highflying Internet upstarts will have used up all their cash. If they can't scare up any more, they may be in for a savage shakeout. An exclusive survey of the likely losers." The article pointed out: "America's 371 publicly traded Internet companies have grown to the point that they are collectively valued at $1.3 trillion, which amounts to about 8% of the entire U.S. stock market."
By 2001 the bubble was deflating at full speed. ... The stock market crash of 2000–2002 caused the loss of $5 trillion in the market value of companies from March 2000 to October 2002. The 9/11 terrorist destruction of the World Trade Center's Twin Towers, killing almost 700 employees of Cantor-Fitzgerald, accelerated the stock market drop; the NYSE suspended trading for four sessions. When trading resumed, some of it was transacted in temporary new locations.BUSH INHERITED THE DOTCOM BUBBLE AND THE AFTERMATH OF ITS CRASH IN 200. 2000 WAS THE YEAR OF THE ELECTION.
THAT WAS THE ECONOMY CLINTON HANDED BUSH.
THE FEDERAL BUDGET WAS IN GOOD SHAPE IN 2000, BUT THE ECONOMY WAS NOT.
AND THEN CAME 9/11.
THE FOLKS RUNNING THE DEMOCRAT PARTY ARE ENTITLED TO THEIR SOCIALIST OPINIONS BUT THEY ARE NOT ENTITLED TO THEIR OWN FACTS.
IN ADDITION, THE FINANCIAL CRASH WAS CAUSED BY DEMOCRAT-CONTROLLED FANNIE MAE CREATING DERIVATIVES FROM SUB-PRIME AND ALT-A LOANS BANKS WERE ORDERED TO MAKE BY DEMOCRATS CARTER - THROUGH THE CRA - AND BY CLINTON AND CLINTON'S SEC OF HUD ANDY CUOMO.
THESE DERIVATIVES INFECTED THE WORLD'S FINANCIAL SYSTEM AND CAUSED THE GLOBAL CRASH.
THE PRINCIPAL ARCHITECT OF THESE DERIVATIVES WAS OBAMA CONFIDANTE JIM JOHNSON - WHO OBAMA PICKED TO RUN HIS VEEP SEARCH COMMITTEE, BUT WHO RESIGNED WHEN IT BECAME KNOWN HE WAS SO DEEPLY TIED TO FANNIE MAE DEBACLE.
BUSH IN 2003 AND MCCAIN IN 2006 ATTEMPTED TO REIGN-IN FANNIE MAE BUT WERE REBUFFED BY DEMOCRATS IN THE HOUSE AND SENATE.
THE DOTCOM CRASH OF 2000 AND THE FINANCIAL MELTDOWN WERE BOTH THE RESULT OF DEMOCRAT POLICIES.
FOR THE PERJURER CLINTON TO NOW BE TOUTED AS SOME KIND OF ECONOMIC POLICY HERO IS THE HEIGHT OF ABSURDITY AND MENDACITY.
LINKS TO BACK UP EVERYTHING IN THIS POST CAN BE FOUND IN THESE PREVIOUS POSTS HERE (2008), AND HERE (2008) AND HERE (2008) AND ALSO HERE IN 2008, AGAIN HERE IN 2008, HERE (2011) AND HERE.