I have two friends who had OK businesses in the early 90s who got bludgeoned by the Clinton tax and other small business initiatives. They both decided it wasn’t worth it any more and closed two businesses with about 100 employees total.
Clinton’s economic policies got saved by the four horsemen who were riding in the 90′s and they were: Internet boom, PC boom, telecommunications boom and fixing the Y2K problem. Without those the 90′s would have been a bust and Clinton had nothing to do with fostering any of this but was the beneficiary of it.
There doesn’t appear to be the equivalent now for the next president. So poor economic policies such as taxing the source of job growth will result in a deep recession.
Carter educated the American people and if elected Obama will do the same.
