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Thread: Yes we can!
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04-06-2011 #11
Re: Yes we can!
using Enron as an example of insider trading, fraud and stock market swindling. Lots of stuff happened under Clinton that allowed Bush to do what he did...
too much french fries, not enough shakes...
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04-06-2011 #12
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Re: Yes we can!
Sorry but no law that was added or changed, or struck down during the Clinton years, allowed Bush to do anything he did to fuck this country. Insider trading has been happening since the stock market was invented.
Bush's illegal war was done by Bush against the UN and the world opinion, and costs American taxpayers $3.4 trillion, and murdered almost 5,000 American soldiers.
Ronald Reagan was the first president to give the rich and big businesses a large tax break as an incentive to move American jobs outside the country. Clinton reversed that tax break and raised taxes on the rich and big businesses, which improved our economy immensely.
Bush Jr brought back the Reagan tax breaks, except he increased the tax breaks by 21% over Reagan's tax breaks. Then Bush and the GOP congress found a way to increase the taxes to the middle class. This is why we are in such financial troubles. Inside traders and Clinton had nothing to do with it. Clinton left us in great condition. Bush fucked us into our problems today with the Iraq war and incredible tax breaks for the rich.
The joke is, the republicans accuse Obama of wanting to distrubute the wealth, but it was perfectly okay when Reagan and Bush did it for the rich. Funny how that works, isn't it.
Last edited by Ineeda SM; 04-06-2011 at 11:07 AM.
A TGirl is very special.
She is a gift to be treasured.
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04-06-2011 #13
Re: Yes we can!
so clinton and the allowed de-regulating Wall Street had nothing to do with this? Clinton let the bankers run wild with Greenspan. Citigroup happened under his watch. Ever heard of the Glass Stegall act and how they just said screw it? It's the Fed that is to blame if anything. But they've known the economy was going to collapse when the baby boomers hit about 40 years back.
a good flick by the way.
http://stagevu.com/video/evkaiqofcvxv
just watch...
too much french fries, not enough shakes...
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04-06-2011 #14
Re: Yes we can!
Clinton was good for our country, don't think that can be denied. Sure he made a few mistakes, but overall he was a good thing.
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04-06-2011 #15
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Re: Yes we can!
I don't know where you get your facts, but Reagan was the man to deregulate everything in big business including the banks. Citigroup was greedy long before Clinton was heard of. The fed always plays a roll in economic problems. It doesn't matter which party is in control.
But the one very important fact that you keep overlooking is that Clinton handed Bush the best economy ever. The highest employment rate ever. The biggest boom in housing. Interest rates had leveled off at a good number. The rich was finally paying their fair share, and the middle and working class got a break for a change. And for the first time in history, Clinton balanced the budget, and gave Bush a surplus of cash in the treasury.
This means that on the day that Bush took office, America was working, we had extra money, and we were actually paying down the national debt every year for the first time in our entire history as a nation. In just 8 years, Bush took us into an illegal war in Iraq which killed almost 5,000 American soldiers, so Bush could impress his daddy. Bush gave the biggest tax cuts in history to the rich and big business, and the middle and working class had to pay for it with higher taxes. He made us new enemies around the world with his cowboy arrogance, and almost doubled the national debt by adding $3.4TRILLION to it. Mostly from the illegal Iraq war which he lied his ass off to get us in there. He's a murderer and a traitor, yet the right wing treats him like a fucking hero.
Now we are suffering with the worse economy ever because of the republicans, and the republican right wing assholes have the fucking nerve to blame Obama for not fixing it fast enough. They block Obama at every turn to make him look bad and fail. They worked with Clinton on the same kind of policies. So why are they trying to hurt Obama? BECAUSE HE IS BLACK. There is no other possible reason. The GOP are a clique of racist greedy assholes.
A TGirl is very special.
She is a gift to be treasured.
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04-06-2011 #16
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Re: Yes we can!
Clinton is indeed to be blamed for the demise of the Glass-Stegall Act which was a major step toward deregulation. There was little to no Republican dissent. But it cannot be denied that Clinton left office with a ten year budget surplus which Bush promised to give to the wealthy in tax breaks and thus he did. And then he started a unnecessary decade long war in Iraq and continued deregulating banks, forgave corporations royalties on natural resources they took from National lands, and expanded their access to resources on National lands. As a result, even though their was a collapse of the banking system, banks are bigger than ever before, their employees are making bigger bonuses than ever, corporations are making record profits, and 1% of the population owns 40% of its wealth. With the tea-baggers and the GOP dragging their feet every step of the way, this is going to take forever to turn around.
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04-07-2011 #17