Hehe, I laughed when I read the headlines this morning. Dear Ole' Bill Clinton saying the economy would not of tanked had he been president the past 8 years. OOPS, thats a big one Bill.I'm assuming Bill forgot that he SIGNED the Gramm-Leach-Bliley bill in 1999. Yeah you know the bill that DEREGULATED the banks. Yes that one, the bill that overturned the portion of The Glass Steagall Act of 1933 which regulated the banks.
Umm, Mr. Clinton The Glass Steagall Act of 1933 was put into effect so that America would never have to experience a great Depression again. Oh, Bill I would say you are more than responsible for the bank situation, the mortgage meltdown and the stinky economy. GUILTY AS CHARGED!
9 comments:
Diana- if you were getting paid by the pound for this horse shit you'd need a big shovel! Here's the reality check equation: Bill Clinton:8 years of peace and prosperity....GW BUSH: Doubling of the deficit with the biggest financial collapse since the Great Depression.
Republicans never take responsibility for any of their failures. Phil Gramm was the architect of deregulation- not Bill Clinton. Truth be Known, it was the unmitigated greed and irresponsible predatory lending practices of banks and brokerages that caused the collapse. Not Bill Clinton. Go get the 60 Minutes transcript for last Sunday (Feb.15) if you didn't catch the story about the mortgage lender that tried to blow the whistle on the dangerous lending practices of brokerages that fueled the financial collapse. Hey did you see the latest Approval polls for Congress? Dems up 25%, Republicans down 4%...Now go get a clue and then try a little honesty instead of your worthless propagandizing.
Sep, Anyone can WRITE a bill, it takes a Congress to pass it and a President to sign it into law. Don't cry it was a Republican hoohaw. The Senate vote was 89-9-1. That's a hella lot of Democrats jumping on the deregulation bandwagon!
Diana- In A new list of the 25 most responsible people for the economic collapse, Phil Gramm was listed as the 2nd most responsible person, Bush, no. 4. Clinton did not figure on the list. Will get back with the specifics about the publication of the article, as well as the list itself, so all your phantom Blog readers can...um...read it for themselves. Meanwhile, your Milque Toast reply falls woefully shy of objective reality, as usual.
Hmmm, didn't think Phil Gramm was in politics anymore. Get with the program!
Like Bush, he did his Damage and scurried off the world Stage...remember, only last fall, Gramm was McCain's finance Adviser, fired for saying the recession was all in our heads and that Americans were Whiners.... sadly, McCain would later recite his self-gorging phrase, "The fundamentals of the economy are strong"....is that a Crash I just heard????
LOL, Sep Gramm was not McCain's finance advisor and he was not fired for saying the recession was all in our heads. Oh my where do you come up with this stuff.
Gramm was an advisor to McCain but held no position on McCains staff. Lord help you!
Diana- That is ludicrous parsing at best- and quite desperate I might add. By ANY measure, Phil Gramm was most certainly McCain's TOP finance advisor, and he was most certainly "let go" after his ill-considered public pronouncements.... Dropped from the campaign.... Do yourself and the rest of your phantom readers a favor...and do a little research before you post easily disproven comments.
Sep...sigh you go on and on and on and on....
The former Texas senator stepped down from his position after he said in an interview last month that the country is in a “mental recession” and that we had become a “nation of whiners.”
http://blogs.wsj.com/washwire/2008/08/14/phil-gramm-attends-mccain-campaign-briefing/
Come to mama!
in mama
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