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Old 03-27-2010, 11:40 PM
 
Location: Unperson Everyman Land
38,647 posts, read 26,366,979 times
Reputation: 12648

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Quote:
Originally Posted by James420 View Post
I remember Bush's first few years after Clinton and all I heard was "It's Clintons fault" Our economy tanked six years after Clinton left office and guys like Limbaugh and Hannity blamed Clinton. Let's face it, Bush got the republicans killed in '08 and voters decided all republicans were idiots like him, it was a mandate. Obama basically did nothing his first year, thats not Bush's fault, Was Dubya solely responsible for this countries economic collapse? Of course he wasn't. All that said, Obama has yet to prove he's the right man for the job.

That's because Clinton actually signed things that later had deviating consequences to the economy. Bush did little to remedy Clinton's errors, but the laws were signed by Clinton.

1. NAFTA
2. Permanent most favored nation trading status for China
3. GLBA
4. CFMA

And don't get me started on the CRA.

Bottom line...without Clinton, there is no financial crisis.
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Old 03-28-2010, 04:47 AM
 
Location: Word Traveler via Haslet TX.
504 posts, read 456,881 times
Reputation: 262
Quote:
Originally Posted by momonkey View Post
That's because Clinton actually signed things that later had deviating consequences to the economy. Bush did little to remedy Clinton's errors, but the laws were signed by Clinton.

1. NAFTA
2. Permanent most favored nation trading status for China
3. GLBA
4. CFMA

And don't get me started on the CRA.

Bottom line...without Clinton, there is no financial crisis.

Thats why the GOP hates Clintoon and Obama so much---Both of these turncoat corporate Dems are willing to cozy up to big bizness and out republican the republicans at their own game.

Presidents just sign the paperwork. NAFTA CAFTA and repealing Glass Steagall were all babies of the GOP congress Clinton worked with
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Old 03-28-2010, 08:01 AM
 
Location: Great State of Texas
86,052 posts, read 84,450,777 times
Reputation: 27720
Quote:
Originally Posted by momonkey View Post
That's because Clinton actually signed things that later had deviating consequences to the economy. Bush did little to remedy Clinton's errors, but the laws were signed by Clinton.

1. NAFTA
2. Permanent most favored nation trading status for China
3. GLBA
4. CFMA

And don't get me started on the CRA.

Bottom line...without Clinton, there is no financial crisis.
You forgot the biggest, baddest bill of them all....

The Glass-Steagall modifications that allowed the banksters to dissect subprime risky loans and sell them as AAA insured investments.
It bascially de-regulated the banks to go and do what they did in the 1920's that led to the crash of 1929.
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Old 03-28-2010, 09:47 AM
 
27,624 posts, read 21,117,473 times
Reputation: 11095
Quote:
Originally Posted by Minethatbird View Post
Perhaps you could start with VP Biden. He thought it was a great idea and voted for it.
We were all lied to by the criminals in the White Houe. I bought the BS too until I was smart and aware enough to learn the truth. Biden did not lie us into a war. Bush did!
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Old 03-28-2010, 09:51 AM
 
69,368 posts, read 64,087,528 times
Reputation: 9383
Quote:
Originally Posted by James420 View Post
I remember Bush's first few years after Clinton and all I heard was "It's Clintons fault" Our economy tanked six years after Clinton left office and guys like Limbaugh and Hannity blamed Clinton.
Actually our economy tanked right after Bush took office. The collapse of the .com bubble for example was a major factor.

Pelosi asked Bush in 2003 "where are the jobs".. Not 2006..
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Old 03-28-2010, 10:00 AM
 
35,016 posts, read 39,143,981 times
Reputation: 6195
Quote:
Originally Posted by James420 View Post
Obama basically did nothing his first year,


Quote:
Originally Posted by James420 View Post
Obama has yet to prove he's the right man for the job.
what does that mean?
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Old 03-28-2010, 10:12 AM
 
Location: Great State of Texas
86,052 posts, read 84,450,777 times
Reputation: 27720
The party in power will always blame the other party for it's troubles.
That's how politics works.
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Old 03-28-2010, 10:14 AM
 
Location: Lewes, Delaware
3,490 posts, read 3,791,068 times
Reputation: 1953
Quote:
Originally Posted by momonkey View Post
That's because Clinton actually signed things that later had deviating consequences to the economy. Bush did little to remedy Clinton's errors, but the laws were signed by Clinton.

1. NAFTA
2. Permanent most favored nation trading status for China
3. GLBA
4. CFMA

And don't get me started on the CRA.

Bottom line...without Clinton, there is no financial crisis.

I agree with NAFTA, George Bush senior wanted it also so if daddy Bush won in 1992 we would still have NAFTA. Bush light didn't change it either. Perot was the only guy to say NAFTA was a bad idea, so much so he called it treason..

I believe this country started going downhill in the eighties when CEO's pay in the early eighties was 30-1 to its employees and skyrocketed to what 200-1 by the late eighties. Just like the first depression, when so few have so much wealth isn't distributed.

I'm talking about socialism either, its not about over taxing the rich, its about putting money back into the economy. Give me a country of 300 million where lets say 100 million are to old or to young to work of course in that 100 million are the lazy bums who won't work anyway. So 200 million workers, lets say 10 million are millionares and billionares, thats 5%. 80% of us make 50 - 80 thousand a year and the remaining 15% make 10- 20 thousand a year. That nation has some buying power. Thats just an example, not reality. Our government expects the upper 5% to run the country for them. It doesn't work it never will.
NAFTA was the best thing for rich CEO's to get richer but it made people like us poorer.
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Old 03-28-2010, 10:29 AM
 
Location: Lewes, Delaware
3,490 posts, read 3,791,068 times
Reputation: 1953
Quote:
Originally Posted by delusianne View Post


what does that mean?
I'm sure I missed something, what major legislation did he pass in his first year if he did, my fault I must have missed it.

Whether I agree on Obamacare is irrevelent he got it done and I give him props for that, but he should of got it done six months ago, not last week.

I realize he was voted in office, would he of won two weeks ago? I'm not sure. I think his first and only priority should have been fixing the banks. You can't just throw billions of dollars at a problem and not reform the problem that got us here. I can't stand Michael Moore but his new movie has a lot truth in it and its not just Bush's problem either.Obama has blame also.
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Old 03-28-2010, 10:42 AM
 
8,885 posts, read 5,366,263 times
Reputation: 5690
Quote:
Originally Posted by sickofnyc View Post
We were all lied to by the criminals in the White Houe. I bought the BS too until I was smart and aware enough to learn the truth. Biden did not lie us into a war. Bush did!
Biden said, Sure, whatever you say. So did the current Secretary of State, Hillary Clinton. The brilliant former nominee for President of the Democratic party, John Kerry, also put his seal of approval on invading Iraq. In fact, he was so enamored of the idea he picked another Senator who thought it was a great idea, John Edwards, to be his VP running mate.

Quit trying to rewrite history.
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