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Thread: Clinton says he could have prevented economic collapse

  1. #21
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    Re: Clinton says he could have prevented economic collapse

    Quote Originally Posted by lawshume View Post
    I agree. Just as only Nixon could have gone to China,
    only Clinton could have passed welfare reform (he did),
    and only Clinton could have opposed selling impossible
    mortgages to menial laborors.
    But Clinton signed the Gramm bill, which made selling impossible mortgages to menial laborers.... possible, through the repackaging of those loans into derivatives, after the sale was complete.
    The ghost of Jack Kevorkian for President's Physician: 2016

  2. #22
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    Re: Clinton says he could have prevented economic collapse

    Quote Originally Posted by danarhea View Post
    Folks, it takes 2 to tango, in this case, Republicans and Democrats.

    In 1999, Phil Gramm (Republican) introduced the Gramm-Bliley Act, which passed Congress, and was signed into law by Bill Clinton (Democrat). The Gramm Act was instrumental in removing the protections of the Glass-Steagal Act, passed in 1933, which was the prevention for what happened to our economy in the 21st Century.

    [rant]
    You know, I get kind of miffed when I see Republicans blaming Democrats and Democrats blaming Republicans instead of blaming their own party, whichever one it was that danced with the other. How about you hyper-partisans putting America first, for a change? Until you do, you guys at both extremes are just part of the problem. Try being part of the solution instead. Finger pointing is not only too easy, it is wrong.
    [/rant]
    That isn't the point of the thread.

    The point of the thread is that Clinton claimed this wouldn't have happened if he had been president.

    The record does not bear out that claim.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

  3. #23
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    Re: Clinton says he could have prevented economic collapse

    Quote Originally Posted by WillRockwell View Post
    Here's a softball for you Bushlovers. In an interview with NBC, Bill Clinton was asked about the economy:


    President Clinton: Obama off to good start - White House- msnbc.com

    Here's your chance to tell each other how deluded the Big Dog is. Of course, he's right.
    Hmm.
    If you really believe this, then maybe you can explain how his policies did not prevent the recession of 2001.

  4. #24
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    Re: Clinton says he could have prevented economic collapse

    Quote Originally Posted by Harshaw View Post
    That isn't the point of the thread.

    The point of the thread is that Clinton claimed this wouldn't have happened if he had been president.

    The record does not bear out that claim.
    The record bears out that Clinton's team had the foresight, the intelligence, and the authority to change policy when necessary to take advantage of the economic situation as it changed. Clinton advocated deregulation when it was appropriate, and the economy grew. The point of his statement, and this OP, is that when he saw problems developing in the policy, he would have adapted to them, changing policy to anticipate coming difficulties.

    This is what responsible economists do, in fact Bush's Treasury Secretary Paul O'Neil would have acted responsibly had he not been silenced by internal jealosy and the inability of the president to tolerate independent thought.

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    Re: Clinton says he could have prevented economic collapse

    Quote Originally Posted by WillRockwell View Post
    The record bears out that Clinton's team had the foresight, the intelligence, and the authority to change policy when necessary to take advantage of the economic situation as it changed.
    Hmm.
    If you really believe this, then maybe you can explain how his policies did not prevent the recession of 2001.

  6. #26
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    Re: Clinton says he could have prevented economic collapse

    Quote Originally Posted by ADK_Forever View Post
    On the contrary... Clinton was recently on Larry King Live. He said something to the effect that it appears now that some decisions he made during his Presidency may have contributed to the economic crisis. He was very apologetic about it.

    Rip him apart if that is what makes you feel good. At least he's man enough to admit he made mistakes.
    Too funny; for decades the Clintonites have been defending him and attempting to re-write the record. Of course this requires willing denial and/or willful ignorance.

    The moron's so full of himself he actually made the statement that this recession would have been avoided had he been in power. Fascinating considering his term ended with a recession.

    Yes, of course everything that ever occurred before Clinton and after him was the Bush's fault.

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