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Old 12-27-2012, 11:25 AM
 
Location: Central Ohio
10,836 posts, read 14,956,046 times
Reputation: 16589

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HuffPo Shocker:

Quote:
In a Dean Baker article published Tuesday with the astonishing title “There Is No Santa Claus and Bill Clinton Was Not an Economic Savior,” the second sentence read, “Just as little kids have to come to grips with the fact that there is no Santa Claus, it is necessary for millions of liberals, including many who think of themselves as highly knowledgeable about economic matters, to realize that President Clinton's policies sent the economy seriously off course.”
Dean Baker's original HuffPo piece Dean Baker: There Is No Santa Claus and Bill Clinton Was Not an Economic Savior


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Old 12-27-2012, 11:42 AM
 
Location: Massachusetts
10,029 posts, read 8,359,012 times
Reputation: 4212
It was clearly Bush's fault.
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Old 12-27-2012, 11:51 AM
 
Location: Central Ohio
10,836 posts, read 14,956,046 times
Reputation: 16589
Quote:
Originally Posted by Rick Roma View Post
It was clearly Bush's fault.
Actually not.

The Bush administration warned about the looming Freddie & Fannie mortgage crisis many times, do a search on Youtube if you want, yet nothing was ever done.

An article from 1993 (1993) Assault on the mortgage lenders: in the name of racial justice, the Clintonites...

Quote:
Assault on the mortgage lenders: in the name of racial justice, the Clintonites want the power to decide who gets a home of his own - efforts to impose regulations on banks to make loans even if applicants are not creditworthy
Robert Stowe England

QUIETLY, behind the scenes, the Clinton Administration is preparing for the biggest regulatory crackdown of recent years. Attorney General Janet Reno is linking up with banking regulators and with HUD Secretary Henry Cisneros to end the supposed epidemic of discrimination against minorities in making home loans. The implications for society at large are ominous.
The Liar Loans, loans that caused much of this trouble, all originated under Clinton.
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Old 12-27-2012, 11:51 AM
 
Location: Near a river
16,042 posts, read 21,996,968 times
Reputation: 15773
Quote:
Originally Posted by Rick Roma View Post
It was clearly Bush's fault.
No, let's get it straight. It was Reagan's.
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Old 12-27-2012, 11:54 AM
 
Location: The Lone Star State
8,030 posts, read 9,065,242 times
Reputation: 5050
Uh oh.
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Old 12-27-2012, 11:54 AM
 
20,731 posts, read 19,402,885 times
Reputation: 8296
Quote:
Originally Posted by nicet4 View Post

Liberals don't even have common sense. Unfortunately conservatives are no use either since they use common sense on a host of counterintuitive economic facts.

Liberals walk backwards from the water bowl for no reason.
Conservatives walk towards the water bowl at all times, even when the short leach is wrapped around the tree.

We are doomed.
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Old 12-27-2012, 12:00 PM
 
26,582 posts, read 15,149,248 times
Reputation: 14710
I've posted similar sentiments before -- but Clinton did not have an economic Utopia anymore than Coolidge did.

#1 The Housing Bubble started the final 3 years of Clinton - not under Bush. Clinton's policies are at least partially to blame.

#2 Granting most favored nation status to China may have hurt our trade balance.

#3 Repealing FDR's Glass-Stegall Act is often cited by Democrats themselves as an error.

#4 The NASDAQ crashed under Clinton's final year in office.

#5 NAFTA has arguably hurt the country.

Some of these things the Republicans share blame on too.

Clinton benefited from the internet and the peak spending years of the baby boomers.
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Old 12-27-2012, 12:08 PM
 
Location: Baldock, hertfordshire, England
768 posts, read 881,419 times
Reputation: 254
Why not put blame on the uninformed economic illterates who make up the majority of the american electorate and vote these traitors in again and again?

Its pointless blaming individuals...america has exactly the same economic problems as almost every other western country. You let idiots vote and become a democracy, this is what you get.
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Old 12-27-2012, 12:15 PM
 
20,731 posts, read 19,402,885 times
Reputation: 8296
Quote:
Originally Posted by LAWS View Post
Why not put blame on the uninformed economic illterates who make up the majority of the american electorate and vote these traitors in again and again?

Its pointless blaming individuals...america has exactly the same economic problems as almost every other western country. You let idiots vote and become a democracy, this is what you get.

If one finds themselves voting for the people who have the most campaign contributions from lobbyists? Shouldn't that make someone wonder what forces are behind their decisions?

2012 Presidential Campaign Finance Explorer - The Washington Post
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Old 12-27-2012, 08:35 PM
 
Location: Ohio
24,621 posts, read 19,206,308 times
Reputation: 21745
Quote:
Originally Posted by nicet4 View Post
No kidding.

From an older post:

Quote:
White House Press Briefing, Office of the Press Secretary (Dec. 8, 1993)

MR. RUBIN: Hi. I'm Bob Rubin, the Assistant to the President for Economic Policy, and I'm going to introduce today's topic.

The President, as you know, has a broad, comprehensive strategy for dealing with the economic problems of the country for putting the country back on the right track for the long-term. A lot of the legislative and executive actions that have taken place in 1993 have been pursuant to that long-term economic strategy of the President's.


[I guess Clinton's long-term economic strategy was a recessionary economy.]
Blow Job Bill wasn't the worst president ever, but hardly in the top 10.

Impeaching...

Mircea

Quote:
Originally Posted by michiganmoon View Post
#5 NAFTA has arguably hurt the country.
There are studies showing NAFTA helped your economy.

Arguing...

Mircea
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