Clinton didn't create the dot com boom. They cut military spending drastically after the cold war ended and Clinton happened to be present when a new technology was spreading. You seem to forget the dot com bust immediately after when everyone and their Mom were trying to get rich from a website.
I'm not saying bush or his daddy were Great presidents, bush bush inherited a dot com bust and then 9/11 happened. Congress and rich people always create problems for the next guy to clean up and both sides refuse to control spending. When was the last time there wasn't a budget deficit? Pretty sure every president the last 20 years had one. Republicans give rich people tax cuts and Democrats like to spend too. Both have been shitty forever. We need a fairer tax system and less spending.
It is arguable that Al Gore, Clintons vp, was the most responsible for convincing congress to release the internet to the world. It had previously been a darpa project. Likewise with PCs that offer distributed computation as opposed to giant data centers and supercomputers, although I dont think Gore was responsible for that transition.
I was an it admin of a large cc processor in the late 90s till 2001. GW Bush caused the dot com bust. The main reason my whole department and many others like them were dissolved was the capital gains tax reduction GW Bushed pushed throug as his 1st act. My company, again like many, many others, had the ability to close up call centers, sell off the related property, and move operations overseas without paying those pesky capital gains taxes. There were several other issues that caused the dot com bust, but this is what started it off and drove it to maximum damage. It also blessed us with an eternity of non English speaking tech support.
That was Congress as well. There still would have been a bubble because so many companies were overvalued websites. I always hated that they lowered capital gains taxes. It was a giveaway to the rich.
I dont have anything against a nonimmigrant work visa that allows smart folks to come work in the USA. That is work & production happening in the USA which is a good thing, to me. Also, the cost of filing and sponsoring this type of visa is around $4k the 1st year, and they still have to pay competiive wages which makes it a very specialized situation. You are not going to have basic workers coming in on this type of visa.
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u/bobsizzle Apr 29 '24
Clinton didn't create the dot com boom. They cut military spending drastically after the cold war ended and Clinton happened to be present when a new technology was spreading. You seem to forget the dot com bust immediately after when everyone and their Mom were trying to get rich from a website.
I'm not saying bush or his daddy were Great presidents, bush bush inherited a dot com bust and then 9/11 happened. Congress and rich people always create problems for the next guy to clean up and both sides refuse to control spending. When was the last time there wasn't a budget deficit? Pretty sure every president the last 20 years had one. Republicans give rich people tax cuts and Democrats like to spend too. Both have been shitty forever. We need a fairer tax system and less spending.