Politicians lie, but numbers don't.
Of course, the willing vassals of the Halliburton Administration will claim that these trends would have happened regardless of who was occupying the Oval Office -- while at the same time insisting that, nevertheless, we're "recovering" from the nose-dive that hit when the Miserable Failure
And, yes, the dot-bomb started before
the neofeudalists took over -- but understand that, in the words of an old economics prof of mine, "the stock market isn't economics -- it's psychology." More than anything else, it measures investor confidence
. Faced with the prospect of an Administration so obviously and heavily biased toward Old Tech -- smokestack industry and Big Oil -- investors lost confidence in the New Technology that fueled the boom of the '90s.
I agree that, at some point, the vaporware speculation bubble would have burst, even with Al "I Invented The Internet"
Gore in office -- but I don't know if it would have crashed
the way it did, with investors fleeing solid infrastructure companies like Novell Cisco and Cypress with the same panicked terror that they abandoned pets.com.