Wall Street & Bill Clinton

Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. William Jefferson Bill Clinton (born William Jefferson Blythe III; August 19, 1946) is an American politician who served as the 42nd President of the United States from 1993 to 2001. Inaugurated at age 46, he was the third-youngest president. 5.0/5

Wall Street Bill Clinton George Bush George W. Bush Jimmy Carter President Obama Democratic Party Ronald Reagan Goldman Sachs Steagall Act Clinton Street New York Attorney General Barack Obama Great Depression Paul Ryan Mitt Romney Janet Reno Eric Holder

Bill Clinton sold the Democratic Party to Wall Street in 1992. Since then Democrats have gotten rich by back-stabbing…
No, Paul. It is just one of many: Benghazi, emails, TPP, Obamacare, Middle East, Wall Street, more taxes, Bill Clinton, Lewinsky...
Mrs Bill Clinton you need to release your Wall Street speeches without your usual changes to facts
More specifically, the party of Wall Street. Remember how Bill Clinton pushed NAFTA and WTO through?
Bill Clinton: Sanders backers would 'shoot every third person on Wall Street'. | Getty
Bill Clinton jokes Bernie Sanders supporters would "shoot every third person on Wall Street"
Sanders campaign manager weighs in on Bill Clinton's 'shoot every third person on Wall Street' comment.
Bill Clinton on Sanders supporters: "Just shoot every third person on Wall Street and everything will be fine."
time Bernie Sanders voted for Bill Clinton's plan to loosen regulation on Wall Street
By creating the with the Bill Clinton sold out the Democrat Party, embracing Wall Street.
Younger is after Terry McCaulif & Bill Clinton sold our party's soul to Wall Street.
"The centrists that shaped Bill Clinton's economics" are "now...calling out Wall Street short-termism."
Bill Clinton's Wall Street cash puts wife in an ethical spot...
I think Obama is just another boring centrists, like Bill Clinton, and is up Wall Street's butt like all of them.
When Barack Obama met with "Pimp with a Limp"...we were working. When Obama met with Al Sharpton...we were working. When Obama met with a woman who bathed herself in milk and Fruit Loops...we were working. As stated previously those who've been with me for a while know how I feel about Bill Clinton and George W. Bush. Disgust isn't a strong enough word for these two. Bill Clinton put us on this path with his deregulation of Wall Street and overtly racist housing programs. Barney Frank and Chris Dodd anyone? Bush was even worse. Over the years America has counted on the "Republicans" to be the "adults" in government. Those days are over. Bush knew about the harm and the fraud taking place across America known as "ninja" loans. No Income No Job. He also knew these things were being "packaged", re-branded by ratings agencies and sold as "quality" investments around the world. He knew about these incredibly real dangers to our economy, banking system, and currency and did nothing. Yes he gave a cursory ...
He's the Wolf of Wall Street & Bill Clinton is the Wolf of Wad Street. They both blow their wads big.
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Hillary-The-Hawk Flies Again POSTED AUGUST 15, 2014 By Ralph Nader “Hillary works for Goldman Sachs and likes war, otherwise I like Hillary,” a former Bill Clinton aide told me sardonically. First, he was referring to her cushy relationships with top Wall Street barons and her $200,000 speeches with the criminal enterprise known as Goldman Sachs, which played a part in crashing the U.S. economy in 2008 and burdening taxpayers with costly bailouts. Second, he was calling attention to her war hawkish foreign policy. Last week, Hillary-The-Hawk emerged, once again, with comments to The Atlantic attacking Obama for being weak and not having an organized foreign policy. She was calling Obama weak despite his heavy hand in droning, bombing and intervening during his Presidency. While Obama is often wrong, he is hardly a pacifist commander. It’s a small wonder that since 2008, Hillary-The-Hawk has been generally described as, in the words of the New York Times journalist Mark Landler, “more hawkish than ...
GOOD MORNING - TODAY IS SATURDAY, May 17, the 137th day of 2014 with 228 to follow. This is Armed Forces Day in the United States. Sunrise in the Boston area is @ 5:21 and sunset is @ 8:00. The moon is waning. The morning stars are stars are Neptune, Uranus & Venus. The evening stars are Jupiter, Mars, Mercury & Saturn. ON THIS DAY IN: 1792 - The New York Stock Exchange was founded by brokers meeting under a tree located on what is now Wall Street. 1814 - Norway's constitution was signed, providing for a limited monarchy. 1845 - The rubber band was patented. 1875 - The first Kentucky Derby was run; the winner was Aristides. 1954 - The Supreme Court handed down a unanimous decision in Brown v. Board of Education of Topeka, ruling that racially segregated public schools were inherently unequal, and said that schools must be integrated. 1973 - The U.S. Senate opened its televised hearings into the Watergate scandal. 1974 - A Los Angeles Police Department raid leaves six Symbionese Liberation Army members dea ...
What most Americans do not know about, is it was Bill Clinton who set about the collapse of Wall Street. Then he repealed the glass-Steagel Act that was enacted to prevent the inter mingling of Banking and Investments. This opened the way for big banks to grab up other banks and become mega-banking institutions. Obama was a part of this because their dollars funded his election. To make matters worse, after Obama was elected and chose his cabinet. Guess what he did?after he promised he would prosecute and imprison them. Well, in the sixth year of his Presidency he has only prosecuted a handful and imprisoned zero. The reason is two fold-3 of Obama's top contributors in 2008 Goldman Sachs Citi Corp, and J P Morgan a Chase. Sound familiar? Many of Obama's cabinet members were actually the ones that coersed Bill Clinton to deregulate Wall Street. Clinton stopped the glass-Steagel Act that initially was enacted to rein in banks and other measures that permitted an array of a financial Institutions to m ...
Richard Eskow Look Out, Wall Street, the New Populism is Coming Even as the Campaign for America’s Future prepares for its May 22 conference on the New Populism, attacks on populism keep coming from all directions ... One of the latest salvos to be publicized comes in the form of an anecdote about Bill Clinton. As Tim Geithner [recounted], Clinton sarcastically told the Wall Street-friendly Treasury Secretary how to “pursue a more populist strategy”: “You could take Lloyd Blankfein into a dark alley,” Clinton said, “and slit his throat, and it would satisfy them for about two days. Then the blood lust would rise again.” ... The “them” in Clinton’s quote is us. And the only people who confuse a cry for justice with “blood lust” are those who have become too close to the unjust. It is precisely this sort of sneering insider indifference to public opinion – not to mention good governance and fair play – which has given rise to today’s populist mood.
Wall Street deregulation, blamed for deepening the banking crisis, was aggressively pushed by advisers to Bill...
I will always believe in capitalism and the best in the US. But, when it comes to jobs and income for middle class common folk both parties have sold us down the river on a bottomless boat. Call it protectionism if you so choose but trade deficits prove that tariffs did work and free trade has not helped anyone but Wall Street. I remember a man named Pat Buchanan trying to warn us when Bush 41 first brought up the subject of NAFTA and later when Bill Clinton would get it passed. Now our jobs are gone and we're nothing more than a nation of assemblers for the most part. Sad --- very sad.
"Paul Ryan says don't blame Wall Street: the guys who made billions of dollars cheating American families; don't blame decades of deregulation that took the cops off the beat while the big banks looted the American economy. Don't blame the Republican Secretary of the Treasury, and the Republican president who set in motion a no-strings-attached bailout for the biggest banks. Nope. Paul Ryan says keep the monies flowing to the powerful corporations, keep their huge tax breaks, keep the special deals for the too-big-to-fail banks and put the blame on hardworking, play-by-the-rules Americans who lost their jobs." -- Senator Elizabeth Warren She should have added don't blame Bill Clinton for NAFTA in this speech. I know I would have.
Bill Clinton and Steny Hoyer: The “Wall Street Democrats” Fight Back | Wall Street has too many friends in DC already
Photo: LA Progressive has a new post on Bill Clinton and Steny Hoyer: ‘Wall Street...
The Surrender of America’s Liberals February 25, 2014 In a Web-exclusive interview, political scientist Adolph Reed Jr. talks with Bill Moyers about his new article in the March issue of Harper’s Magazine – a challenge to America’s progressives provocatively titled, “Nothing Left: The Long, Slow Surrender of American Liberals.” In the piece, Reed writes that Democrats and liberals have become too fixated on election results rather than aiming for long term goals that address the issues of economic inequality, and that the administrations of Bill Clinton and Barack Obama too often acquiesced to the demands of Wall Street and the right. As a result, Reed tells Moyers, the left is no longer a significant force in American politics. “If we understand the left to be anchored to our convictions that society can be made better than it actually is, and a commitment to combating economic inequality as a primary one, the left is just gone.” Producer: Gail Ablow. Segment Producer: Robert Booth. Edito ...
It still boggles my mind that every time I walk into a Walmart there is an organization begging for money and donations right outside the entrance. A building that is owned by one of the richest familes in the world (due to 1990s trade agreements, (thank you Bill Clinton) yet they ask for poor and middle class families for help. Ronald Reagan de-regulated Wall Street, Bill Clinton passed awful trade agreements destroying the economy, George Bush got us into an unnecessary war that was never paid for and were still in debt over, and now Barack Obama is trying to fast track a new world trade agreement (TPP) that will put a hammer in the survival of the middle class, an agreement that Hillary Clinton supports (shocking, since her husband passed them). A woman I no longer support for President in 2016. Republican or Democrat, they're all in the pockets of Wall Street, paid for by them, and they pull their strings on what and what not to vote for. I can only imagine how this country will be 50 years from n ...
PAUL KRUGMAN. LEFT IS THE RIGHT WAY TO GO. MY HERO. How long will it take us to understand that the entire neoliberal project – the puritanical mania for cutting taxes, cutting social services and cutting budget deficits that has dominated the Western world’s economy for more than 30 years – has been a disaster? And guess what, liberals: You don’t get to point the finger at Ronald Reagan, Maggie Thatcher and Milton Friedman and claim it was all their fault. The reformist center-left, whether it took the form of Bill Clinton and the “New Democrats,” Tony Blair and “New Labor” or the watered-down social-democratic parties of Europe, has enthusiastically rebranded itself as a servant of global capital. If you were genuinely surprised that the Obama administration loaded itself up with Wall Street insiders, or that it failed to punish anyone for the massive criminal scheme that resulted in the 2008 financial collapse, you haven’t been paying attention. I make that point because it’s almost ...
Bill Clinton via his Wall Street think tank 3rd Way would repeal & deny power.
TRUTH -> "Bill Clinton was every bit as much a Wall Street president as George W. Bush"
NEVER, EVER AGAIN, Will I vote for another lesser evil, pro-war, pro-bailout, pro-Wall Street, pro-tax breaks for those who don't need them. She's little better than Bill Clinton, Condoleezza Rice, and Madeleine Albright or John Kerry. Jill Stein and Elizabeth Warren look ever so much better. We have to do better or quit and accept the fact that we're all toast, done, finished, kaput.
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BUM'S RUSH: Republicans are whining about how the Tea Party took them over and ran them into the ditch of the Whacko Right. Tell us about it! Bill Clinton and the DLC took over the Democratic Party and sold it to Wall Street in 1992. When the rank and file members got fed up with the Muddle in the Middle there was a Progressive Uprising inside the party in 2004. After we won the 2006 & 2008 elections with them they gave us the Bum's Rush. They were able to do it because when the Blue Dogs took over they changed the Rules to prevent "democracy" in the Democratic Party. The so-called Moderates who hijacked the party and turned it into the Corporate Capitulators blocked the Liberals, now called Progressives, from retaking the party, our party on the Left. Hence, the Democrats moved to the Right. The Republicans moved to the Far Right and here we are today; neither party has a clue as to the future only a fearful, angry clinging to the Debt Economies of the past... brilliant!
“In 1932 in the aftermath of the Stock Market Crash, a piece of legislation was passed to protect society. The glass- Steagall Act was introduced to separate ordinary high street banking from investment banking. 67 years later in 1999 under the influence of Treasure Secretary Larry Summers and his predecessor Robert Rubin, President Bill Clinton repealed The Glass-Steagall Act. Once again, banks could take ordinary depositors money and speculate with it on virtually anything they liked.” Wall Street is a very particular type of casino and it is unfortunately not the type of casino they have in Vegas, which is legal. It is a casino that has massive negative repercussions on the rest of society. It’s not just losing money on a couple of wild nights, its about in the way those organizations lose money impacting the whole of society leading to a massive loss in jobs. Professor. Simon Johnson, Former IMF Chief Economist “This unfettered gambling pushed the entire global financial system to near collaps ...
The very first thing he lied about and what he and his Attorney General, and Geithner, should be held for, is TREASON. They protected the corruption of the Financial system and screwed "The great American People" And yes it was so fast and furious, that nobody noticed they broke the Monroe Doctrine. Benedict Arnold, he is and he lied about it. Remember even the Supreme Court Justice, yelled out in session "you LIE" Was is disgraceful of the Justice, who probably knew that O was even more of a traitor than Benedict Arnold, in what he was going to do to America, while Obama stood in front of the American People ranting Main Street over Wall Street, all the while selling US down the Ocean to the likes of the corruption of HSBC/Wachovia/Money Store! I voted for him and he lied and yes, it is about time we hold any President responsible folr lying about something so serious as our Financing Laws. My God, we impeached Bill Clinton, over a *** I would say destroying America's finance's and allowing the Wor ...
SOMETIMES A CIGAR IS JUST A CIGAR ... And sometimes it is "an accurate barometer of the national mood," according to The Economist. The paper has plotted out an intriguing history of America in cigar consumption ("Puffing on a stogie went into sharp decline after the Wall Street crash. President Kennedy signed the Cuban trade embargo in 1962 but not before sending a lackey to purchase 1,200 fine Cuban cigars on his behalf.") "A woman is only a woman, but a good cigar is a smoke." ~ Rudyard Kipling
The Most Gutless Act (Since That Pope Got Poisoned) It's been over 1,000 years since Pope Gregory V was poisoned. Poor guy. But the transgressions I discovered deep inside of Congress are, well... right up there with the Pope. I even confirmed the existence of a "Lobbying Index," which has annihilated the S&P 500 for 12 years in a row. It's statistically hard to fathom. Yet 99% of Americans don't have a clue that this information even exists. To view Wall Street Daily's astonishing findings, including the details swirling around a new bill called "Unicorn," just click here. Obama's Scandals Burn His Attorney General By FLOYD BROWN, Chief Political Analyst In the 1990s, Eric Holder was known as a "fixer." He was always cleaning up for Bill Clinton's controversial Attorney General, Janet Reno. Reno had a string of problems. You may remember some of them... Ruby Ridge, Waco, the Oklahoma City bombing. All of these events caused Reno serious headaches. But Holder made sure the government suppressed any damagi ...
Ever since the Obama administration ran aground on a series of scandals, Republicans have been trying hard to go from zero to Watergate. No matter how hard they stomp on the accelerator, the car won't go. On the left, there is a similar desire to go from zero to McCarthy. The main target: Rep. Darrell Issa, chairman of the House Oversight and Government Reform Committee, who has been investigating the attack on the U.S. consulate in Benghazi, Libya, and the Internal Revenue Service targeting conservative groups. On Sunday, Issa called White House spokesman Jay Carney a "paid liar," in keeping with the Republican congressman’s general temperament, which is to accuse first and find the facts later. Democrats are trying to promote the idea that Republicans are overplaying their hand with these controversies. Several times, analysts have raised the specter of the 1990s House Republicans who took their party over the cliff with mad passion in the investigations of Bill Clinton. Republicans have not overplaye ...
George Bush’s father as well as George Bush were and are members of Skull & Bones. A major key figure in Skull & Bones was William Averall Harriman. Pamela Harriman supplied the funds to elect Bill Clinton to office. Harriman was THE major backer of the Democratic Party for over 50 years. Major players in Skull & Bones have been linked to the financing of both World Wars and the creation of many think-tanks and Universities in this country. Bush’s father was a major contributor to the “Hitler Project” as well as the build-up of the Soviet Union. Thus, leading to the inevitable World Wars and the eventual set-up of the United Nations in America. I first learned about the workings of “Skull and Bones” in 1990-91 during the Gulf War. Craig Hulett, A.K.A. (K.C. de Pass) was in Los Angeles doing several lectures discussing the NEW WORLD ORDER. Here he revealed the work of ANTONY SUTTON author of a number of books including: “Wall Street and the Bolshevic Revolution” “Wall Street and the Rise ...
“The Obama administration has embraced the policies of George W. Bush, and then gone much further,” Stein said. “Wall Street bailouts went ballistic under Obama—$700 billion under Bush, but $4.5 trillion under Obama, plus another $16 trillion in zero-interest loans for Wall Street. Obama continues offshoring our jobs. Bill Clinton brought us NAFTA, which was carried out under George W. Bush. It was vastly expanded under Obama to labor abusers in Colombia, and to Panama and South Korea. The Transpacific Partnership, being negotiated behind closed doors by the Obama White House, is NAFTA on steroids. It continues to send our jobs overseas. It undermines wages at home. It overrides American sovereignty by establishing an international corporate board that can overrule American legislation and regulations that protect workers as well as our air, our water, our climate and our food supply.”
The Sequester = Austerity. It’s didn’t work in Europe and it isn’t going to work here. It’s going to take our fragile economy, which has been in a Depression for most people since George Bush took office, and send it spiraling again. Wall Street greed, illegitimate wars, and dirty war-profiteering politicians *** Cheney) caused our debt problem. We had a budget surplus when Bill Clinton left office. The republicans trashed it with tax cuts, deregulation and war. President Obama tried to fix it and they obstructed everything he tried to do. Now the poor, the weak, the disenfranchised and the middle class are going to pay for it, like they always do. The culprits will walk away, like they always do.
It’s not a Republican problem only, Bill Clinton signed the repeal of Glass-Steagall, Ben Nelson kept it out of Wall Street reform after 08.
Fred Barnes: Obama's Inaugural Intentions The president reached out to Democratic interest groups. Republicans? Not so much. By FRED BARNES \ Wall Street | January 21, 2013 President Obama wants more government. In his second inaugural address, he masked the message with phrases like "collective action" and doing "things together." But these were stand-ins—euphemisms, really—for a bigger and more ambitious federal government. That's the unmistakable goal of his second term, and his inaugural address was devoted to his determination to achieve it. Mr. Obama paid lip service to reducing "the size of our deficit." This was followed by a crucial "but" as he went on to defend a series of programs he is unwilling to cut, including Medicare, Medicaid and Social Security. "These things do not sap our initiative," he declared. "They strengthen us." In effect, Mr. Obama endorsed the entire liberal agenda as the guiding star of his next four years in the White House. He reached out to various interest groups in ...
President Obama may not be a favorite of Wall Street, but stocks posted an 85% gain in his first term, topping first-term gains of Ronald Reagan, Bill Clinton and George W. Bush.
Our topic today is how George Bush destroyed America. Or, more precisely, how the Left says he did. Naturally, their solution is for America to join the ranks of European social democracies. It’s the only way to not to repeat “the mistakes that got us here in the first place.” The Left and their Old Media amplifiers tell a simple story: George Bush inherited frrm Bill Clinton a strong economy and a balanced budget. He proceeded to commit national arson by deregulating Wall Street, cutting taxes for the rich, and fighting two needless wars. The long fuse of Bush’s fiscal folly finally struck dynamite in late 2008, blowing Clinton’s Camelot economy to bits. President Obama has struggled boldly—against Republican obstruction-- to fix problems so bad not even a modest genius like Bill Clinton could have fixed them in a single term. Clinton modestly admitted this in his convention keynote. So, steady on the transformational path. It’s the only way Forward to redistribution paradise and state allo ...
Reply to Arkansas Times Orval cartoon by Tommy Durham, What fox news taught me, What the Democratic Party taught me! It doesn't matter that sometimes when you give people something it ruins their initiative and desire to improve their circumstances, contributes to the creation of single family homes, juvenile delinquency, drug addiction and gangs and the failure to learn the employment and social skills necessary to hold a job; all that matters is the Great Society programs have the votes rolling in! It doesn't matter that the economy collapsed after Bill Clinton ordered the mortgage guarantee associations to increase subprime loan purchases up to 50 % of portfolio and began the Collateralized Debt Obligation securities' market that collapsed Wall Street setting off the great slide of 2008, while a 2006 elected Democratic congress stood by with an economy in Free Fall and refused to cut business taxes hoping to use the economy to elect the most economically illiterate president in history; all that matter ...
People who blame bush for the Great Recession are not understanding the facts. Facts are: One Democratic president, Franklin Roosevelt, put a cage round Wall Street after its excesses in the 20s led to the Wall Street crash and the Great Depression. Another Democrat, Bill Clinton, gave Wall Street the cage keys. After a fierce lobbying campaign, Clinton agreed to repeal the Glass-Steagall Act, which ensured a complete separation between investment and retail banks. The move heralded the coming of superbanks, huge behemoths that took in retail deposits and used them to take highly-leveraged punts in the markets. To make matters worse, Clinton beefed up Jimmy Carter's 1977 Community Reinvestment Act to force lenders to take a more relaxed approach to disadvantaged borrowers. Liberalised banks plus millions of new sub-prime customers equalled one big problem. Housing markets fell! November 13 at 6:34pm · Like · 2..
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I want to appeal to all you young people. Please vote for B. OBAMA. I am 76 years old, over 20 years as a professional soldier. Please think about John Kennedy, Bill Clinton, and one of the BEST MEN THAT was ever born, Jimmy Carter. We had it so good. Then think about SPIRO AGNEW, Richard Nixon, and the BUSH MIESTER,"George". Think Iran Contra, Watergate, Irag, Deregulation of Wall Street, Big Oil. Think about 9-11 and Bush Senior sitting with the Bin Laden Family and whisked them out of the country before they could be questioned by CIA. Go back a little farther...Think about George Wallce in Alabama, Think about Little Rock Ark. Think about all the lynchings, killings, condoned by the Republican Party. Then think about who stopped it. The Kennedy's, Lyndon Johnson, . Ladies please think about what this guy" ROMNEY" wants to do. OVERTURN ROE Vs. WADE. Ladies you WILL NOT have a choice about what to do if you or one of you daughters are raped and becomes pregnant. They will keep your wages lower than mens ...
Check out the joke at the end of the Gish Gallop article...sorry I repeated myself by clicking it...the Lady Liberals site is quite prolific... My apologies to those of you who don't understand why I am so extreme in posting pro Obama/anti Romney articles. I remember the 1968 election when Nixon said he had a plan to end the war in Viet Nam. It took five more years and thousands more dying before we stopped putting our soldiers into harm's way. I remember during the Civil Rights Movement how states rights were paraded as why we couldn't do things nationally that are at the heart of our democracy. I remember the Iranian hostage/Nightline count, the failed rescue President Carter authorized and was mocked b/c it failed. I remember the Iran/Contra scandal that Reagan claimed deniability for when he authorized the arms/contras/ridiculous invasion of Grenada. There was a lot Bill Clinton did that I didn't like, the deregulation he set up that let loose Wall Street greed 15 years later, and his betrayal ...
On last night's debate, it has become clear that something was not quite right with Obama's performance. Even Democratic pundits are calling his performance lackluster, subpar, flacid, unprepared. Worse, on key issues where he should go on the offensive, Romney's record in Wall Street's Bain Capital in "wheeling-dealing," his fundamental disconnect with the working man, his put-downs of the 47%. Obama did not take the offensive and counter-punch. James Carville, Bill Clinton's "Svengali" and a highly perceptive political operator, has correctly stated that Romney went after Obama with a "chainsaw" and in my view, he "massacred" this U. of Chicago law school professor known for his "cool." According to former Vice-President Al Gore, Obama's lackluster performance may have something to do with Denver's thin mountain air and high elevation, which may have caused Obama to look "giddy," and perhaps "oxygen-deprived." What happened? Where's that "fire in the belly"? That "oratorical" audacity of inspirational ...
You know they always say that New York is always broke. Well the New York Stock Exchange and the NASDAQ and the AMEX stock exchange is there. On every transaction they have to pay capital gains tax just like we do in the rest of the country. You have millions of transactions a day which would lead to a massive amount of capital gains that the federal government would take in but when you sell you also pay state tax. So how is the state of New York broke and how and the heck in the federal government broke? Maybe the rich on Wall Street and Main Street are not paying taxes like they are supposed too. Then you have these big lending institutions saying they are broke in New York when this kind of volume is traded on the Stock Markets. No Way Jose. You are a bunch of filthy fricking lyers. Mitt Romney is one of these people and there is no way in *** I would ever vote for a *** like him. Brink back Bill Clinton as far as I am concerned. I will even take his wife as President after Obama wins 4 more year ...
If you don't get it...whatever. This is from Wikipedia a group that has a lot more scruples than the man they describe. You can only imagine what the truth is. With the new Democratic administration under President Bill Clinton in January 1993, Cheney left the Department of Defense and joined the American Enterprise Institute. He also served a second term as a Council on Foreign Relations director from 1993 to 1995.[53] From 1995 until 2000, he served as Chairman of the Board and Chief Executive Officer of Halliburton, a Fortune 500 company and market leader in the energy sector. Cheney's record as CEO was subject to some dispute among Wall Street analysts; a 1998 merger between Halliburton and Dresser Industries attracted the criticism of some Dresser executives for Halliburton's lack of accounting transparency.[54] Although Cheney is not named as an individual defendant in the suit, Halliburton shareholders are pursuing a class-action lawsuit alleging that the corporation artificially inflated its st ...
In the blame game for this financial crisis, George W Bush comes a close second to greedy and unscrupulous Wall Street bankers. But there are serious flaws in this argument. Deregulation started long before President Bush came to power, and it was enthusiastically pursued by both Democratic and Republican administrations. Here is just one example: The Glass-Steagall Act of 1933 separated the activities of commercial banks, which take deposits, from investment banks, which invest money. It was repealed in 1999. That relaxation of the rules enabled commercial lenders, like Citigroup, to trade instruments such as mortgage-backed securities and collateralised debt obligations. 'Far-reaching reform' Many see the repeal of the Glass-Steagall Act as a major, direct cause of the current financial crisis. But it was signed by a Democratic President, Bill Clinton, and supported by many other Democratic politicians, among them the scourge of Bush deregulation Nancy Pelosi. What is more, President Bush actually incre ...
The Brass Standard Thomas Sowell Sep 13, 2012 I'vw done tons or research on this and Thomas Sowell hit the center of the target! Politics takes a lot of brass. And Bill Clinton is a master politician. His rousing speech at the Democrats' convention told the delegates that Republicans "want to go back to the same old policies that got us into trouble in the first place." That is world class brass. Bill Clinton's own administration, more than any other, promoted an unsustainable housing boom, which eventually and inevitably led to a housing bust that brought down the whole American economy. Behind all the complex financial processes that reached to Wall Street and beyond, there is one fundamental fact: many people stopped making their mortgage payments. Why did that happen? Because mortgage loans were made to people who did not meet the long-established qualification standards for getting a mortgage loan. And why did that happen? Because the Clinton administration threatened lawsuits against lenders who did ...
This man Mitt Romney will bring back all the things that got us in trouble he will let Wall Street dream up ways to make themselves richer. They will plung the world into deeper trouble because of greed not need, and Mitt will weaken polution and industrial oversight. He will relight war as a means to make the weapon's industry more richer, and newer weapon's to kill, injur and paralize the solder's and civilian's alike. Republican's are for industry's that make weapon's. In my life there were many wars two Presidents named Bush went to war aganst Iraq the George Bush seinor also went into Panama, Republican president's both of them. Before them was Regan started Grenada, Democratic President Johnson steped into Viet Nam after the French were losing, but Republican Nixon escalated it to end it, Oh yea it was taken over by North Viet Nam so many died only to lose it. Nixon escalated it over a two terms in Oval office and almost brought on WW 3. Bill Clinton stablelized the economy, George Bush ruined it an ...
Bill Clinton bears as much responsibility as any politician for the worst economic crisis since the Great Depression, and the wild applause for his disingenuous speech at the Democratic National Convention last week is a sure sign of the poverty of what passes for progressive politics.
Among the many falsehoods pushed at last week’s Democratic Convention is that this is the party of the people, unafraid to hold Corporate America responsible for its many ills. Judging by the records of the last two Democratic administrations, just the opposite appears to be true. Certainly, President Obama and, to some extent, Bill Clinton like to talk a good game in terms of class warfare, but under both men, real corporate crime-fighting has been at best a side issue — despite the immense amounts of white-collar fraud their administrations faced. UPI Corzine: Well-connected Democrat is facing no charges despite losing $1.6 billion — whereas Bush team jailed Republican fat cats. In fact, neither Obama nor Clinton can hold a candle to the corporate crime-fighting record of George W. Bush, that supposed lapdog for large corporate interests. Consider: As we near the four-year anniversary of the financial crisis, not a single Wall Street fat cat has been charged with violations of securities laws in c ...
So, I finally stopped laughing hard enough to type.I saw Bill Clinton at the DNC convention (aka Def-Jam IV) standing up for women!!! The ex-rapist, molester, sexual harasser, adulterer, dis-barred, pervert-in-chief championing the issues of women.laugh riot. Soda came squirting out of my nose. What's funnier is that some women thought he was serious! The only thing funnier would be to have John Edwards, ex-darling of the dems, passing out pink ribbons. Oh, and BIG props to Elizabeth "Spitting Bull" Warren for helping out Romney by railing on how horrible things are regarding energy companies, education, Wall Street influence, etc, etc under Obama. Welcome to the light Pocahontas. I'd comment on Mayor Menino's speech but I didn't have subtitles.
Listening to the DNC the last few nights, I realized that the lies and warmongering rhetoric against Iran, and the praise of Israel, were exactly the same as the lies and warmongering from the RNC. These cretins and the robots mindlessly cheering them were BOASTING about how willing they are to "work with" (read: give away the entire store to) Republicans and Wall Street, and how crazy the GOP for doing what any opposition party is supposed to do: oppose the party in power. Bill Clinton, who presided over the repeal of New Deal banking regulations and Progressive Era anti-trust laws, who passed NAFTA into law, who ended Welfare as we knew with without moving a single poor person into a decent-paying job, was fellating himself over how necessary it is to regulate Wall Street. Irony much? Oh, and considering how many people still remember Monica Lewnisky, making ANY comments about Michelle Obama is just dumb. Then of course there were the lies about Obamacare, which does absolutely nothing to provide acce ...
So, who is "better off today than they were four years ago??" Well, certainly Barack and Michelle Obama! Also Joe and Jill Biden! Most union leaders and Wall Street bankers. Most members of the House of Reps and the Senate (both Dems AND Reps)!!! Hillary and Bill Clinton!!! John Kerry and Theresa Heinz Kerry!!! Who is NOT better off than they were four years ago??? Most of the regular folks like YOU and ME!!!
Ok, can we all just agree that the economic downfall was NOT caused by "Republican policies," but because banks had too much freedom and greed took over, causing Wall Street and the Banks to fail.and they needed a bailout, remember?? (which didn't work for anyone but them, btw). This freedom, given to the banks, was given to them by a series of bad decisions, starting way back with Bush Sr.'s administration, Bill Clinton's admin., and Bush Jr.'s admin. ...and those Lobbiest too!! I don't know about you, but I remember good Economic Times during the Bush 8 years. Obama should have turned us around by now by stimulating the housing market, and pass laws to force banks to lend to reputable, credit-worthy small businesses. We would be well on our way back if he would have done just those 2 things in 2009 instead of spending so much time pushing ObamaCare (and taking vacations, and playing basketball and golf, and...). The people on the Democratic stage make me want to SCREAM with all their lies, finger-po ...
Market Crashes and the Presidents having to deal with Democratic Flawed Spending. 1929 dropped 40% = Herbert Hoover while democrats controlled the congress. 1973 dropped 45% = Richard Nixon followed Lyndon Johnson. 1987 dropped 37% = Ronald Reagan followed Jimmy Carter. 2000 dropped 46% = George Bush followed Bill Clinton 2007 dropped 54% = George Bush while democrats controlled the congress (2006-2008). The 2007 crash occurred 3 weeks before the presidential elections was not due to bad policies of the Bush administration but collapses on Wall Street, the housing market and Ponzi Schemes that were overseen by Barney Frank’s Banking Committee and his refusal to rein in Freddy Mac and Fanny Mae.
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Let's not forget that Bill Clinton began the "deregulation" (repealing Glass-Steagal, etc.) that led to the Great Recession (W Bush made it worse), sold the Democratic Part to Wall Street (Richard Rubin, Timothy Geitner, Larry Summers, etc.) joined with Newt Gingrich to "End Welfare as We Know it" (ending AFDC), and joined withe the Reaganites to declare the "Era of Big Government is Over." To win re-election, he signed on to the anti *** Defense of Marriage Act, which was bad enough, but he ran ads on conservative Christian radio stations bragging about it! He has already agreed with Paul Ryan that we have to CUT "entitlements" (Social Security and Medicare). Republicans love him now. He is a scum bag.
Well the Democratic Convention isn't half over and I'm already re-thinking my support ... this may be the last time I can support a Democrat for President. I'm tired of making excuses for their luke warm compromises and failures. Bill Clinton should be ashamed to even appear at a Democratic convention after he sold the party off to Wall Street banksters, and Obama appointed them to his cabinet. I still have a fading glimmer of naive hope that Obama still remembers some of his progressive upbringing and will fight to save what is left of the New Deal and Great Society in his second term, but I'm not holding my breath.
Tonight Bill Clinton addresses the Democratic National Convention, and ALL of America. Still, Clinton has not submitted his draft to the Democratic National Committee, less than 13 hours before he gives his speech. How must Barak Obama and the minions of Kool-Aid drinkers feeling not knowing what Bill Clinton will say? Even the stock market is afraid. Stock futures are down across the board on Wall Street. All major economic indicators continue to decline. The National Debt is now over $16 trillion, and in three and a half years, Obama has increased the debt more than George W. Bush did in eight years. The Dumbocrat's response... "Blame Bush," "Blame Bush," "Blame Bush!" That broken record isn't going anywhere... Neither are the Dumbocrats. It's time for a Republican Resurgence!!!
Mitt Romney, Paul Ryan and the Republican Party are now mounting a massive attack against Social Security and other programs. Using "deficit reduction" as their rationale, they are attempting to dismantle every major piece of legislation passed since the 1930s that provides support and security to working families. They are being aided by at least 23 billionaire families, led by the Koch brothers and Sheldon Adelson, who are spending hundreds of millions of dollars in this campaign as a result of the disastrous Citizens United Supreme Court decision. Despite paying the lowest effective tax rate in decades, the billionaires want more tax breaks for the very rich. Despite the fact that the elimination of strong regulations caused the Wall Street meltdown and a terrible recession, the billionaires want more deregulation. Despite outsourcing millions of good-paying American jobs to China and other low-wage countries, the billionaires want more unfettered free trade. At this pivotal moment in American history, ...
If Paul Ryan was a race horse. You don't judge a race horse by his 'good' looks. You judge him by his track record. Paul Ryan voted for every spending bill in Bush administration which relatively made liberal Bill Clinton 'appear' to be a fiscal-conservative. Ryan voted for Bush's infamous TARP bill which bailed out Rothschild's banks on Wall Street that later was signed into law by the Muslim Kenyan in the White House. Ryan voted for turning the USA into the USSA by voting for the fascist laws NDAA, CISPA, Drone bill, Patriot Act extension & Trespass bill, all of which stomp all over our 1st and 4th Amendment rights to protest government, free political speech and our rights to privacy. Ryan's so called 'conservative' budget plans take 28 years for the country to get out of debt whereas Ron Paul or Gary Johnson's plans balance the budget in their 1st term. With a record like that, if Paul Ryan was a race horse if you were smart you'd sell him to the glue factory or to a dog food plant or to China where ...
Happy Birthday and best wishes to President Bill Clinton. Born August 19, 1946, the former President celebrates his 66th birthday today. I haven't been a big fan since 1999 when he and his top economic advisers dismantled the Glass-Steagall Act of 1933 which properly regulated the Wall Street banking industry and kept us on safe financial ground for 66 years. The Clinton administration's abandonment of Glass-Steagall helped engineer and expedite the eventual overleveraging of Wall Street leading to the collapse of the country's financial sector which put us in the soup we're in today. Nevertheless, Bill Clinton has grown on me and I recognize that he is the biggest dog in the yard with lots of credibility to speak on the major issues of the day. So Happy Birthday, you ol' Big Dog! --- RAM
All I can say about President Obama critics and that they all are unfair and misguided people that do not know. I find it extremely outregeous when people tell that Obama did nothing come people it is only 4 years and you expect the same kind of miracles that Jesus Christ did from Obama. I understand that there were campaign promises on the campaign trail and which candidate who never make promises and which candidate who always fullfil all of their promises? George W Bush promised us heaven and earth and he gave us a bad economy a great reccession that US has never seen since the Great Depression and two unecessary wars that was not even paid for. These were few of the messes that Barack had to clean. Barack promised Wall Street reform and he deliver on it, to end the Iraq war and he did and also Afghanistan like he promissed will come to an end soon. THese two wars are two of the major reason why the recovery is so slow. They cost billions of dollars a day that we are barrowing from China. Barack promis ...
There can be no genuine free enterprise until Wall Street loosens their grip on the entire economy. Most of our current economic proble$s are a direct result of the repeal of banking laws that were put in place so that another Great Depression could never happen again. Bill Clinton helped to have Glass-Steagall repealed during the last days of his presidency. That allowed Goldman Sachs, Citibank and others to grow to be "too big to fail" and reach their tentacles into every Anerican neighborhood and even around the world...
How could any of you Democrats actually believe and vote for Obama again? I mean this guy has literally stood by and let the Wall Street bankers get away with robbing us blind and he nor his DOJ has even done a single thing about it. He has not prosecuted one single person in the financial industry after boldly claiming during the Occupy Movement that the fat cat bankers were a huge part of the problem with their reckless spending and predatory practices. In fact Eric Holder his Attorney General came from a firm that represented MOST of the big banks to begin with. Between George Bush Jr. and Bill Clinton there were over 3000 charges brought against high profile banking officials. Clinton sent over 1000 to jail and Bush sent over 300 CEOs and Vice Presidents to jail. Holder even claimed that the increase in the DOJ's budget would most assuredly lead to more convictions and outings of fraud and criminal activity because the extra money was supposed to go to the fraud task force, but in this Presidents term ...
Today's Taranto. Checkmate. "Elizabeth Warren will not deliver the keynote speech at this year's Democratic National Convention," the Boston Globe reports. (That honor will go to 37-year-old Julian Castro, mayor of San Antonio.) But Warren, the leftist challenger to Sen. Scott Brown, will get prominent billing. She will speak just before Bill Clinton "on what party officials hope will be an energetic penultimate night." This ought to be fun, especially if her speech is in the self-important vein of this quote, from National Journal: "Every now and again, I meet with someone who's been very successful on Wall Street, who says, 'I want to support your campaign because I believe you will save capitalism. I believe in capitalism, and I understand there have to be rules. And they have to be consistently enforced.' That's what I think is at stake in this election." That's a hefty assignment, the salvation of capitalism, but Democratic strategists, while cringing at the grandiosity of the statement, say she arti ...
I like this Jay Inslee ad -- "I voted against the Wall Street bailout," that is, "I really wanted to turn a recession into a depression, and I still don't have the common sense to figure out why I was wrong. By the way, Bill Clinton likes my book about how we could power America's schools using nothing but cow flatulence." Oh for term limits.
Sandy Weill didn't wait for a deathbed conversion. He recanted as soon as he had made his fortune..but kept the money The Man Who Invented "Too Big to Fail" Recants By Robert Reich, Robert Reich's Blog 26 July 12 ’m in Alaska, amid moose and bear, trying to steal some time away from the absurdities of American politics and economics. But even at this remote distance I caught wind of Sanford Weill’s proposal this morning on CNBC that big banks be broken up in order to shield taxpayers from the consequences of their losses. Forget the bear and moose for a moment. This is big game. If any single person is responsible for Wall Street banks becoming too big to fail it’s Sandy Weill. In 1998 he created the financial powerhouse Citigroup by combining Traveler’s Insurance and Citibank. To cash in on the combination, Weill then successfully lobbied the Clinton administration to repeal the Glass-Steagall Act – the Depression-era law that separated commercial from investment banking. And he hired my forme ...
I will type really slow for slow readers WHY? because this is important. Glass-Steagall Act (1933). Because of the Great Depression the Glass-Steagall Act (1933) was passed. It separates commercial banks where we keep our savings and checking accounts from investment banks which is Wall Street. Wall Street could fail and our personal money would not be touched or effected. With the repeal of the 1933 act by Bill Clinton this safety net law opened up our personal money to investment banks to Gamble with and within 9 years we are back to ( almost ) another Depression.
Former Citigroup chairman and chief executive Sandy Weill thinks Wall Street should break up its big banks in an effort to regain the public's trust. "What we should probably do is go and split up investment banking from banking," Weill said on CNBC's "Squawk Box" on Wednesday. "Have banks be deposi...
During the run-up to the 2008 presidential election, Barack Obama was big finance’s favorite candidate by a long shot. Perhaps hoping to put a more Bill Clinton-esque Democrat in the White House (didn’t exactly work out that way, did it?), Wall Street poured money into the Democrats’ fundraising mac...
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My reason for reason! The Govt. will place people in jail for petty crimes and violating their laws. Hey *** what about Goldman Sachs, Bank of America, HSBC, JP Morgan, Citi Bank, AIG, Henry Paulson, Timothy Geithner, Jamie Diamon, Ben Bernanke, Wall Street and all the rest who have stolen trillions of dollars from the Citizens of America? What about George H.W. Bush, Bill Clinton, George W. Bush, and Barrack Obama for allowing these scum to milk the system and walk free? They all should be arrested for theft and tyrrany!
ATTENTION! All Democrats are Communists. That's right, Republican. Every Democrat is a communist . . . going all the way back to 1933 when FDR set up New Deal Communism. That would be the same New Deal communism you grew up under. The New Deal Communism that made us the richest, most powerful nation in history. The New Deal Communism that took us to the moon just 36 years after FDR was sworn in. Let me show you the track record of those New Deal Communist Democrats. Communist Truman left 2.5 percent unemployment to Eisenhower. Republican Patriot Eisenhower left recession and 6.5 percent unemployment to Kennedy. Communist Johnson left 3.5 percent unemployment to Nixon. Republican Patriot Ford left recession and 7.5 unemployment to Jimmy Carter. Communist Carter wasn't able to improve much on the recession he inherited . . . . . . and neither were Republican Patriots Reagan and Bush, who left recession and 7.2 unemployment to Bill Clinton. Communist Bill Clinton left 4.2 percent unemployment to Dubya . . . ...
The Causes of the Second Great Bank Depression: It Takes A Pillage by Nomi Prins, 2009 Capitalism can be seen as based on unlimited profiteering, and thus is underlain by greed. Greed by its very nature is not capable of self-regulation. The public was sold a myth prior to the financial crisis of 2008 that free enterprise with self-regulation would aid American competitiveness in the new global economy and that the restraints of the past were counter-productive. Prins describes Wall Street as hyper-competitive and addicted to the “drugs” of money and power. There was and is an improper relationship between banks and government regulatory agencies, such as the Federal Reserve and the Treasury. Many private sector investment bankers, often from Goldman Sachs investment bank, filled positions in these government agencies and effected monetary policy to their own advantage. After the crash of 2008, these bankers directed the largest transfer of wealth, over $23 trillion, from the private sector, that is t ...
Okay here goes my political rant. Both parties are wrong. We have the best government corporations can buy. The American People are to blame. Eisenhower stated we needed to shut down the military industrial complex, we didn't listen. Hence endless wars ever sense. Nixon opened up China with pin pong. Worst mistake of the 20th century in my opinion. Ronald Reagan privatized schools, result highest debt in the country right now is school loan debt, and brought on the whole idea that the government was bad. Nobody listened to Jimmy Carter when he told the American People that we needed to get off foreign oil. He was run out of office on a rail. Bill Clinton signed in free trade agreements which have resulted in jobs leaving the US in unprecedented numbers. And removed regulation on Wall Street. George Bush did his share by starting 2 wars, that were not funded, and leaving big business to run everything. Putting us as close to a real depression that in my 57 years I've ever seen. Now we have given Obama 3 ye ...
Remember when Cory Booker, the mayor of Newark, NJ, disagreed with President Obama's attacks on Wall Street? Remember when Bill Clinton defended Mitt ...
President Barack Obama enlisted Bill Clinton to campaign alongside him in New York on Monday, tapping the popular ex-president's star power to rake in cash for his re-election bid from Wall Street investors and show-business elite. The two men teamed up for the first time...
I'm shocked, shocked how Mr Obama claims to be anti-Wall Street and corporate greed, but has no problem having a fund-raiser for himself at Marc Lasry's home in New York (after flying there on Air Force One with Jon Bon Jovi). Mr Lasry is a billionaire hedge-fund exec who hosted the affair and has donated "significantly" to Mr Obama. Also Bill Clinton, now reprimanded for calling Mr Romney's business record 'sterling', is now towing the party line.
While some may have been busy with a another plate of Big Mac's, Whoppers, or a bag of Twinkies.The Democratic Party is supposed to be looking out for the 99%, yet the Dems have taken far more money from Wall Street. And how is it Wall Street has had ZERO PROSECUTIONS from the Banking Rip off in 2008??. Eric Holder might as well work for the SEC he's been so ineffective at laying a glove on rampant fraud on Wall Street. But the Democratic Party did more than simply take the bribe, they were Wall Street's chief advocates in DC. Particularly during the Clinton Administration. The repeal of the Glass-Steagall Act, a major cause of the financial crisis was signed by Bill Clinton after having been lobbied for by Robert Rubin, Clinton's Treasury Secretary and like Jon Corzine a former CEO of Goldman Sachs and later Chairman of Citigroup as it was bailed out by the Federal government "Only Difference Between Parties: Big Oil owns the Republicans while Wall Street owns the Democrats
"THE REVEALER:THE FORMER PRESIDENT George Bush Jr SPENT THE AMERICAN NATION INTO THE WORST ECONOMIC RECESSION SINCE THE YEARS OF THE Great Depression OF THE 1930s":George Bush Jr inherited a budget surplus from Bill Clinton plus a manageable national debt of less than $5 trillion in 2001. He then decided to spend the America's surplus into more debt and deficits through his tax cut for the rich Americans and the Corporate America that they did not need in the first instant, or asked for and which this nation could not afford. He went further by jumping into a dumb war and a war of choice in Iraq that gulped another $1 trillion and left this nation with a record-breaking national debt of over $10 trillion, 8% national unemployment rate, a collapsing housing market and the Wall Street.
Let's try a new approach to political commentary: Honesty! I know it will be tough, but let me give a few examples of how it works: 1. Bill Clinton AND Newt Gingrich accomplished welfare reform in the '90's. 2. Daddy Bush crushed Saddam Hussein in 96 hrs. 3. Dubya handled 911 superbly. (Even his reaction in front of first graders was just fine.) 4. Obama got Osama! and on the flip side: 1. Clinton and Bush botched getting Obama and preventing al Queda attacks on the U.S. Think Tora Bora, WTC '93 and 9/11. 2. Daddy Bush did not get Saddam Hussein and he caved in to Reagan's voodoo economics. 3. Bush failed to get Osama, Obama did not. 4. Obama takes too much $'s from Wall Street and caved on the Consumer Protection Agency to prevent further pillaging of America's wealth. Allows the greatest redistribution of wealth from the middle class to the wealthy. Politicians run on their records. They get to tout their achievements and have to bear their failures. WE have to be honest about which or whic ...
housing market my opinion: If you think Home prices are low now wait a couple of more years. Prices for homes now are one hundred times more than in the sixties. The 40 thousand dollar Manchester By The Sea, MA., Estate in the sixties is now a 4 million dollar home. Bill Clinton and Congess encouraged this bubble by allowing Wall Street to sell pooled Mortgage Securities. Clinton's economy was a Ponzi Scheme, and we will be paying for it for decades if not centuries. This situation is complicated further by the fact, that the taxes raised according to the Real Estate valuations, go to pay the salaries of many public employees. That is why your property taxes will probably go up even as the value of your home decreases. There are some areas in the country where prices have not fallen much if at all yet, like some suburbs close to some big cities. The government has been applying band aid solutions to keep the roof from caving in on the Housing Market but it will cave sometime soon. When it does you will kn ...
It's all George Bush's fault, and Bill Clinton's, and Bin Laden's, and Wall Street, and Jimmy Carter, and via
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