RichA
2016-02-11 04:33:49 UTC
While Bill Clinton did preside over an era of significant economic growth, the divide between the rich and poor accelerated in the 1990s. Americans in the lowest income brackets struggled. As Michelle Alexander argued in The Nation, African Americans confronted what was effectively a 42 percent unemployment rate and a social safety net that had been torn to shreds. The long-term cost of the deregulatory policies he supported, moreover would become clear when the risky business of Wall Street resulted in the devastating market crash of 2008.