Remember 2000?

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techs

techs

Lifer
Sep 26, 2000
28,559
4
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We had just had our first surplus in over 50 years.
There were so many workers projected to be needed a shortage was feared.
We were looking at surpluses as far as the eye could see.


What went so horribly wrong??
 
BoberFett

BoberFett

Lifer
Oct 9, 1999
37,562
9
81
Tech bubble popping?
Market slump after 9/11?
Using 9/11 as an excuse to make stupid decisions?

Any of those ring a bell?
 
P

PeshakJang

Platinum Member
Mar 17, 2010
2,276
0
0
techs said:
There were so many workers projected to be needed a shortage was feared.
Click to expand...

Because those workers were only needed to fill the needs of the tech and housing bubbles, which only served to temporarily mask the structural problems relating to a workforce that was increasing far faster than the economy could truly support. Now that those bubbles have popped, we have the unemployment you see now. Most of those jobs will probably never come back.
 
her209

her209

No Lifer
Oct 11, 2000
56,336
11
0
Yeah, remember when the airline industry took a shit and the taxpayers bailed them out to the tune of $15 billion and they still fired their employees while the CEO gave themselves raises.

AWESOME!
 
Doc Savage Fan

Doc Savage Fan

Lifer
Nov 30, 2006
15,456
389
121
her209 said:
Yeah, remember when the airline industry took a shit and the taxpayers bailed them out to the tune of $15 billion and they still fired their employees while the CEO gave themselves raises.

AWESOME!
Click to expand...
$5 billion bailout and $10 billion in loan guarantees ($1.6 billion actually used). But that was 2001....not the glory year of 2000 after 8 years of superb Clinton leadership resulting in our first surplus in over 50 years, low unemployment, and surpluses as far as the eye could see. My eyes well up at the memories of paradise lost.
 
Last edited:
ElFenix

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
102,405
8,585
126
Doc Savage Fan said:
$5 billion bailout and $10 billion in loan guarantees ($1.6 billion actually used). But that was 2001....not the glory year of 2000 after 8 years of superb Clinton leadership resulting in our first surplus in over 50 years, low unemployment, and surpluses as far as the eye could see. My eyes well up at the memories of paradise lost.
Click to expand...
ah for the days of bailouts just being a handful of billions. so quaint.
 
her209

her209

No Lifer
Oct 11, 2000
56,336
11
0
Doc Savage Fan said:
$5 billion bailout and $10 billion in loan guarantees ($1.6 billion actually used). But that was 2001....not the glory year of 2000 after 8 years of superb Clinton leadership resulting in our first surplus in over 50 years, low unemployment, and surpluses as far as the eye could see. My eyes well up at the memories of paradise lost.
Click to expand...
And 9/11 wasn't 2001?
 
Throckmorton

Throckmorton

Lifer
Aug 23, 2007
16,829
3
0
her209 said:
Yeah, remember when the airline industry took a shit and the taxpayers bailed them out to the tune of $15 billion and they still fired their employees while the CEO gave themselves raises.

AWESOME!
Click to expand...

Obama did a bailout way back in 2001? He's more devious than I thought.
 
M

Moonbeam

Elite Member
Nov 24, 1999
74,879
6,784
126
The rich can now buy their puppets anonymously. It's all over but the final scream.
 
BoberFett

BoberFett

Lifer
Oct 9, 1999
37,562
9
81
Doc Savage Fan said:
Yeah...but I thought this thread was about the glory years.

It appears that I missed your point...please clarify....I'm a bad guesser.
Click to expand...

I took the thread to mean that 2000 was the best we've ever had it and that Bush wrecked it. It is a techs thread after all.
 
XZeroII

XZeroII

Lifer
Jun 30, 2001
12,572
0
0
Well, since everything went to crap as Clinton was leaving office, it would appear that Clinton artificially made everything look good just long enough for him to finish his term. Thanks for the reminder of what kind of president Clinton was.

Seriously, you don't know what went wrong? Are you really that dull? I guess that explains some of your posts. Either that or you're a troll.
 
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