Wednesday, March 11, 2015

WANT TO RELIVE THE 90S?

Do you want to relive the 1990s we are asked about Hillary and Jeb?  Well, yes.  Who wouldn't.  They didn't start out all that well, but certainly gathered steam and had the greatest stock market ever with 5 yrs of 20% or more gains (Yes, a bubble, but it went on for years.).  The Federal budget had positive cash flow for four straight years, once even without "borrowing" from Social Security.  There was lots of job creation.  We were even worried about paying off the Federal debt too fast! Remember that?

It had the only war won by air power alone without "boots on the ground" (Kosvo, remember that?).

The 90s had the only president (Bill Clinton) who didn't have a recession.  In fact, the only president who didn't have a recession in his first term, but added the second term for good measure.

There was only a low-level war in Iraq called "drive by shootings" where our aircraft would take out radar installations.  It began with president George H.W. Bush (Bush-41) kicking Saddam Hussein out of  Kuwait, but who was smart enough not to overthrow the Iraq government in the process.  We only had a silly impeachment proceeding and the usual silly attacks on a president (e.g. the travel office, Whitewater, commodity futures), but, granted, these sorts of attacks have seemed to get worse with time.

It was the only period when I felt prosperous.  My wife was yet to have a stroke, and we did a lot of travel.  Even my being fired by the government in Al Gore's Reinventing America crusade ended up being more of a blessing in that I was no longer involved in being a Civil Servant "political football."  Yes, I would take the 90s in a heartbeat.

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