October 27, 2012
The Astonishing Obama Tech Boom
Michael Mandel, The Atlantic
Going into the next two debates, Barack Obama would certainly like a bit more of Bill Clinton's mojo. After all, Clinton both won a second term and presided over the Internet-driven New Economy boom of the late 1990s, which created millions of jobs and eliminated the budget deficit. These are achievements that Obama would dearly love to duplicate. Yet, Obama has been surprisingly unwilling to take credit for the most powerful economic success story on his watch: The astounding growth of the communications/internet sector, including smartphone makers, app developers, internet companies, and wireless providers.