The Clinton Economic Boom
Book reveals prosperity of the 90s was driven by independent forces
Xulon Title Scrutinizes Economic Prosperity of the Clinton Era
Book reveals prosperity of the 90s was driven by independent forces
2008-08-05
LONGWOOD,FL - Former President Bill Clinton often gets credit for being the architect of the longest economic expansion in U.S. history and for being the catalyst for 22 million jobs that were created during his tenure. But author B. A. Marbue Brown in his new release from Xulon Press, The Clinton Economic Boom (and Other Myths of the Clinton Presidency) (paperback, 978-1-60647-261-3) shows that several popular beliefs about the Clinton administration's record on the economy are founded on myths. Its fact-based analysis of the economy of the '90s will show the prosperity of that period was driven by forces that were independent of Clinton's policies.
Says Brown, "Five factors independent of Bill Clinton s policies were responsible for the prolonged economic expansion of the Clinton era: Y2K, the Web revolution, the Telecom Act of 1996, cheap money, and unsophisticated investors. These factors combined to create an economic perfect storm that also helped to balance the federal budget. Some measure of the prosperity of the nineties can be regained by applying lessons learned from the economic perfect storm that occurred during that time."
A veteran of the information technology industry with more than 20 years' experience, Brown has held senior positions with IT industry leaders Microsoft Corporation, Cisco Systems, and Telcordia Technologies. His extensive experience in the IT industry is what gave him insight into the economic perfect storm of the '90s--and he hopes The Clinton Economic Boom will encourage readers to scrutinize claims by politicians who promise that, if elected, they will recreate the prosperity of the Clinton years. He backs up his point of view with almost 300 citations from newspapers, reports, government statistics and other sources.