QUOTE(DevliN @ Sep 28 2006, 03:13 AM)
Please tell me you're being sarcastic. Do you actually know anything about economics? One company cannot boost the economy of a nation. It has to do with a lack of inflation and an increase in consumption. Though Microsoft's release of Windows boosted the computer market, it was not the sole proprietor in the economic well-being of America.
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Mainly =/= only
ADDITION:
And it wasn't just that company alone. In the 1990's the computer industry was booming. People started buying computers and PCs like crazy; this was when the computer age began. On the Job pages, there were tons and tons of computer-related jobs available for everyone, such as Dell, IBM, Motorola, etc; it was the hottest field of that time.
Even my mom, back in 1997, just spent a year or so in community college and soon enough got a state job as a computer programmer. Back then,
anyone could get a computer related job. You get pretty good pay from these jobs. And as your income increases, so does your inclination to consume more products, which thus pumps more money into the circular flow of our Economy. Yes, I took AP Economics so I know this stuff fairly well.
But compare then to now. Around 2000 almost everyone had computers at home, and so the consumption of Computer products began to slow down. Now look what's happening: Since consumption decreases, what are happening to the inventories? They're increasing. Now because you're producing more products than you are selling them, what do you do? Hire or Fire? The latter. And most of those job cuts/layoffs back in the start of 2000 were because of this; companies like Dell and IBM were producing too much stuff and so they had too many workers. Once people start losing their jobs, they start consuming less. And if you consume less, it hurts the producers of whatever you previously consumed, and then the whole firing thing repeats again. Things like this hurt our economy.
Right now, there are hundreds and hundreds of people out there who are more qualified than my mom in Computer Programming who would die to have a job like hers. A person of the same skill level as my mom could never in their lives get a computer programming job so easily today. But my mom was lucky since she got her job back when the economy was at the peak of it's cyclical nature.
I'm not saying Bill Clinton didn't help any at all with our economy or was a bad president , but that it was
mainly the rise of the computer age at that time which greatly boosted our economy. Yes he's done great things as shown
here. But had there been no Computer age stuff back in the 1990s, the economy would definately not have been as great as it was.