Not Just Bush's Fault: The Story Behind Clinton and the Glass-Steagall Act

[Truthmatters]

BTW Phil Gramm wrote the law and eright after it became law he went to UBS bank for one great big cushy job.

 

[HUGGY]

Clinton was the best thing that ever happened to advance the christian fascist republican agenda.

Piss on Clinton.

 

[Papageorgio]

Yup and it wasn't all Bush's fault.

Sure it was.

No, it wasn't. He played his part too. But if you actually can take off your partisan blinders, you'll see that both parties, in both administrations are to blame.

You can go back to the Great Depression and find acts and bills of the Presidents and Congress that led up to 2008 and the recession.

I find the simplistic "it is Bush's fault", simplistic and mind numbing.

Anyone with any reasoning power can surely see events that led up to 2008. We had economists that were telling us about 2008 as early as the 90's, they didn't know when it would hit, but they knew it would. In all honesty, it should have been 2001, but the buying and selling of bad debt by the banks held it off. Derivatives actually propped the economy up for 7 more years.

 

[Freewill]

I think that anyone who is paying attention realizes the damage Clinton did to this country. First of all we have what you point out. If Clinton thought it wrong he could have rallied the democrats, or enough of them to make it not a veto proof majority.

The bill was passed 362-57 in the House and 90-8 in the Senate. That you could blame the passage of such a bill on the President shows just how much of a pathetic hack you are.

What part didn't you understand? What legislative initiative did Clinton push for the hardest during his term? Was it Hillarycare? Was it wall street reform, maybe. What it really was were the "free" trade agreements. He bullied all the democrats to support these bills. Yes, Republicans were all for the "free" trade agreements but without Clinton they never would have happened. The results were predicted and have come home to roost. Clinton could have rallied the democrats but didn't he didn't even try.

But let's take your way of thinking, why do the Demcrats blame Bush especially when his last two years was spent under democrat congresssional dominance.

 

[regent]

When the smoke of this depression/recesssion clears, I think we will discover it wasn't totally Bush, it was also Reagan. We might have recovered from Reagan's tripling the national debt, but Bush was waiting to deliver what could have been the final straw.
That America was able to stop the slide into an economic catastrophe is perhaps because sheer fright in both parties forced some compromises.
Our history seems to be Republicans drive America into some kind of economic disaster and America then elects Democrats to pull us out, but even before we are out, Republicans are already plannng the next disaster. Has Romney told the American people anything of his economic plans except expressing utopian platitudes or how rich he is?

 

[beretta304]

When the smoke of this depression/recesssion clears, I think we will discover it wasn't totally Bush, it was also Reagan. We might have recovered from Reagan's tripling the national debt, but Bush was waiting to deliver what could have been the final straw.
That America was able to stop the slide into an economic catastrophe is perhaps because sheer fright in both parties forced some compromises.
Our history seems to be Republicans drive America into some kind of economic disaster and America then elects Democrats to pull us out, but even before we are out, Republicans are already plannng the next disaster. Has Romney told the American people anything of his economic plans except expressing utopian platitudes or how rich he is?

"Has Romney told the American people anything of his economic plans except expressing utopian platitudes or how rich he is?"

http://www.mittromney.com/sites/def...America-PlanForJobsAndEconomicGrowth-Full.pdf

 

[alvolyn]

And a Republican controlled congress.

I see. So who controls Congress only matters when the blame is to be put on Republicans.

Fucking hypocrite!

and you will ignore who controls the media, Monica knock it off.

 

[alvolyn]

and that is all you will ever do?