Discussion in 'Economy' started by Wry Catcher, Sep 19, 2011.
Clinton Foundation Concert on Yahoo! - Celebrating a Decade of Difference
Did BDBoop hack your account? She posts almost the EXACT same way
Not much to say; Bill pretty much covers it all.
The Clinton Twist, how bogus, yes bogus...
The bloating over controlling Federal Government, sure we should continue to grow it at a unsustainable pace that we can never begin to pay for, because so many need the Nanny State to support them...
You have to give it to Slick Willie, he's good, a certain percentage believes it all...
Sexual pervert Bill Clinton introducing Lady Gaga. It seems appropriate somehow.
NONE, he is the main cause of the meltdown! Him and the Newt Gingrich led Congress!
This Happened on Clinton's Watch:
(1) Community Reinvestment Act:
The revival of this Carter Error law FORCED banks to lend a percentage of their portfolioto lower echelon people, in order to keep tax breaks, incentives and avoid penalties, hence be able to compete with the competition. The banks still made the loans, but this FORCED the banks to toss out the matrix and do risky loans. Biggest piece of regulation that caused the meltdown.
(2) Gramm-Leach-Bliley Act - Three brain dead Republicans working with the Clinton Administration thought it would be a swell idea to get rid of the FDR GREAT Glass-Steagall Act. GSA was an act that saw the conflict of interest that investment banks (investment brokers), insurance companies and commerical banks have and therefore needed to be separated. GLB allowed them to be housed under one company. Hence CDOs were created, AIG was able to make foolish loans etc. Second biggest regulation culprit to the meltdown.
(3) Fannie Mae and Freddie Mac - Someone thought it was a great idea to create a secondary market, where the loan originator could write a dead on arrival loan at no risk and turn around for a nice profit and sell it to FM & FM! Very dumb move Clinton.
(4) Removing the trade barrier to China and Propelling China into the WTO:
China has trade barriers on our goods, but we have none on their's. China ignores human rights and manipulates it's currency. They use unfair trade barriers, but the corrupt Clinton administration sold us out and our manufacturing bases has been demised by it.
(5) NAFTA: We had a surplus with Mexico, now we have the 2nd highest deficit with between two countries in history (the first is ours to China's).
(6) Student Loans and College Tuition: College used to be expensive but affordable. After Clinton and Newt made student loans nondischargable college tuition has shot though the roof. Now college costs $50-60K a year. So you either have to be super rich or take out student loans that put you in debt until you retire. Good job Clinton.
So in the end Clinton caused the mortgage meltdown, destroyed our manufacturing base and created the student loan indentured servitude, so he has a lot of nerve to talk about anything. Clinton is the worst financial president of all time. Worse than Obama!
Boy the GOP loyals really hate that guy.
Can't blame then, really, given the fact that he was such an effective Republican-lite.
He did what they talked about for years and years.
He actually reformed welfare.
The GOP will never forgive the guy for stealing one of their favorite bitching points.
Then the guy actually started cutting spending.
ANOTHER GOP bitching point that he stole from them.
No wonder they hate him.
He is a successful example of what they claim to be, but aren't.
I put together the actual reasons I hate the guy. But to be fair, the Newt Gingrich run congress was just as at fault for the list above! CRA & GLB were too of the main regulations that created the mortgage meltdown. The loss of our manufacturing sector can be attributed to NAFTA and removal of the trade barriers with China (along with over regulation on business; corrupt, belligerent, bloated and illogical Unions; an out-of-control EPA and high taxation)! This all happened on Slick Willie and Newt's watch!
Separate names with a comma.