Bill speaks da troof!
February 16, 2009 11:12 pm politicsI find it amazing that Republicans, who doubled the debt of the country in eight years and produced no new jobs doing it — gave us an economic record that is totally bereft of any productive result — are now criticizing [Obama] for spending money. … This stimulus is our bridge over troubled waters. He did the right thing.
- Bill Clinton
February 17th, 2009 at 11:25 am
The ‘stimulus’ is financial child abuse. Don’t make it a Republican vs. Dem thing. Hell, Bill thought it was a good idea to get a hummer from the chubby girl … so I don’t put much stock in Clinton’s opinions. The bill is just plain bad and won’t work, and all I’ll have to show for it is your $10 bet.
February 17th, 2009 at 12:49 pm
Yes, but WHILE he was getting that hummer, his administration was generating a huge budget surplus. I think he knows a LITTLE bit about money.
PS: Monica is hot.
February 17th, 2009 at 5:03 pm
OH. MY. GOD. Not only do I NOT think that Monica is hot, she also let Clinton use her cootch as a cigar holder … just nasty! But to each his own I guess. Also, Clinton is partly to BLAME for our current financial crisis. Thanks to his administration pressuring Fannie Mae to give substandard loans which is how the housing crisis started to begin with.
http://www.topix.com/us/democrat/2008/09/new-york-times-clinton-adminstration-pressured-fannie-mae
February 17th, 2009 at 9:27 pm
Even people on the far left like Jack Cafferty are upset over the stimulus and think it’s garbage: http://www.cnn.com/2009/POLITICS/02/17/cafferty.stimulus/index.html
February 17th, 2009 at 11:24 pm
Jack Cafferty…”far left”…
That’s a good one.
February 17th, 2009 at 11:45 pm
Cafferty has been the far lefts attack dog for quite some time. More interested in the fact that you don’t dispute Clinton’s role in the current economic crisis …
February 18th, 2009 at 11:32 am
Sorry, anyone who compares Nancy Pelosi to “Chairman Mao” and worships John McCain’s “straight talk” cannot possibly be “far left.”
I don’t know enough about Fannie Mae to argue that point. No one can be right 100% of the time. But if you generate a budget surplus, you can afford a mistake or two.
February 18th, 2009 at 1:56 pm
I’m sorry, but a budget surplus is no excuse for helping to cause the financial mess we are in now. Everyone agrees that all this started with the housing market meltdown, which is directly attributed to the Clinton administrations policies of pressuring Fannie Mae and Freddie Mac to issue substandard loans, the same loans which failed and caused the housing market to go into the toilet. In fact, Clinton’s ‘budget surplus’ is a myth unto itself. Here is a good article that explains how when the numbers are correctly added Clinton had a budget DEFICIT. (this is not meant to excuse the poor money management and huge deficits under Bush, just to proof that Clinton did NOT have a surplus).
http://www.craigsteiner.us/articles/16
February 18th, 2009 at 2:51 pm
“Everyone agrees”?
Who’s everyone Kemo Sabe?
Seems there are plenty of economists saying otherwise.
Furthermore, some reporting by the ever-reliable McClatchy also says otherwise.
Basically, failed non-private loans account for a mere fraction of the loans that “caused the housing market to go into the toilet.” It had almost nothing to do with Fanny, Freddy, or the Community Reinvestment Act. Don’t get me started on the ridiculous lies that are being peddled about THAT 30-year-old piece of legislation. It doesn’t even apply; the CRA only applies to banks and thrifts. Most of the mortgage lending during the last boom came from mortgage lenders who aren’t regulated by the CRA.
Furthermore, just because one dude somewhere did some magic number crunching to determine that Clinton left us with a deficit doesn’t make it so. Even Limbaugh has made this claim a few times.
Every non-partisan accounting body (CBO, Census, etc.) agrees there was a surplus, even when all the numbers are counted.
Hate Clinton for the BJ all you want, but please don’t try to claim up is down and black is white.
February 18th, 2009 at 4:58 pm
‘ever-reliable McClatchy’ … now that’s funny!!! Maybe that’s why their stock is under $1! McClatchy is a known liberal media outlet that has published books for Obama, so much so that if you’re a McClatchy Newspaper subscriber you can save $5 off the regular $27.95 price. A leatherbound collector’s version also is available!
February 18th, 2009 at 5:09 pm
Does publishing Obama’s book mean their reporting is wrong? Please explain.
February 18th, 2009 at 7:32 pm
No, it means that they have aligned themselves with the left. I wouldn’t expect you to have any faith in any news organization I quoted if said organization would have published books by a conservative. McClatchy is, and has always been a left leaning media organization. Do you have anything to back up your claim of the ‘ever-reliable McClatchy’? Bottom line is that the Clinton surplus is a myth, and is not backed up by the numbers released by the Department of Treasury, the body that is in control of the US monetary system. Sorry, but the Clinton surplus myth is just spin. And I stand by my opinion that the housing mortgage crisis started the economic mess (as just repeated at this very moment by NBC nightly news) … and the root cause of that was Fannie Mae (remember, they were the first to be bailed out).