What Did George Bush Really Inherit F...

What Did George Bush Really Inherit From Bill Clinton?

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Potus

Humble, TX

#1 Jul 20, 2013
What Bush Inherited from Clinton
Having proclaimed the transcendent greatness of Michelle Obama the media is readying itself to shower Bill Clinton with encomia. Those of us who have the misfortune to watch the Democratic National Convention through the lens of the mainstream media will be regaled about stories about the greatness of Clinton and the failure of Bush. Not only is the media biased, but it has a very short memory.
While it is agonizing over the mess that George Bush left for Barack Obama, media flacks are conveniently forgetting the mess that Bill Clinton left George Bush. Happily, Charles Gasparino takes a look back at the Clinton record today. His is the article that everyone should be reading today.
Gasparino reminds us, for example, that Bill Clinton lay the groundwork for the housing crisis by implementing a policy of increased homeownership. The Clinton administration began the practice of forcing banks to hand out subprime loans. In his words:
Clinton charged his Housing secretaries, Henry Cisneros and Andrew Cuomo, with driving homeownership rates up to about 70 percent of households from around 64 percent in the early ’90s.
How did they do this? Through rigorous enforcement of housing mandates such as theCommunity Reinvestment Act, and by prodding mortgage giants Fannie Mae and Freddie Mac to make loans to people with lower credit scores (and to buy loans that had been made by banks and, later,“innovators” like Countrywide).
The Housing Department was Fannie and Freddie’s top regulator — and under Cuomo the mortgage giants were forced to start ramping up programs to issue more subprime loans to the riskiest of borrowers.
We know how that turned out: Fannie and Freddie help stoke a housing bubble that actually made homeownership less affordable unless borrowers took out ever-more-risky loans. Eventually, both agencies imploded (along with the housing market); bailing them out since 2008 has already cost taxpayers more than $100 billion.
(And, yes, Bush continued Clinton’s policies — but did try to rein in Fannie and Freddie in his later years, before the meltdown. But Democratic barons in Congress like Rep. Barney Frank balked at stopping the train before the wreck.)

Gasparino also reminds us that the Clinton administration led the charge for banking deregulation by pushing the repeal of Glass-Steagall. Republicans were on board with removing the barriers between commercial and investment banking, but the brains behind deregulation belonged to Robert Rubin, who then profited from the new law as chairman of the executive committee at Citigroup.
When Citigroup teetered on the edge of insolvency, this same Robert Rubin, uber-banker, claimed that he did not know what was going on at the bank. Gasparino does not mention it, but if we are now judging an administration by what happens in the months after it leaves office, how about giving some thought to the feckless Clinton counterterrorism policy, the one that might have contributed to what happened on September 11, 2001.
More about the Clinton surplus myth: http://www.economicpolicyjournal.com/2013/01/...
andet1987

Chicago, IL

#2 Jul 21, 2013
a cigar
Cisco Kid

Modesto, CA

#3 Jul 21, 2013
What Did George Bush Really Inherit From Bill Clinton?

Gooey stuff on The Oval Office chair.
Cisco Kid

Modesto, CA

#4 Jul 21, 2013
andet1987 wrote:
a cigar
Hope it wasn't the one Monica was sucking on.
andet1987

Chicago, IL

#5 Jul 21, 2013
Cisco Kid wrote:
<quoted text>
Hope it wasn't the one Monica was sucking on.
:)

Since: Dec 07

Location hidden

#6 Jul 22, 2013
a budget surplus of 200 billion dollars.

Facts - confounding republicans since 1973
andet1987

Chicago, IL

#8 Jul 22, 2013
and what did Obama inherit from George Bush ?

“ Impulsive, bone in her teeth”

Since: Mar 08

Location hidden

#9 Jul 22, 2013
andet1987 wrote:
and what did Obama inherit from George Bush ?
a legacy of idiotic policies that he chose to continue?
Cisco Kid

Modesto, CA

#10 Jul 22, 2013
Ed Teach wrote:
<quoted text>
a legacy of idiotic policies that he chose to continue?
You don't expect Obama to think for himself?
He follows what's put on the teleprompter.

Since: Dec 07

Location hidden

#11 Jul 23, 2013
andet1987 wrote:
and what did Obama inherit from George Bush ?
1.3 trillion deficit.

Since: Dec 07

Location hidden

#12 Jul 23, 2013
Cisco Kid wrote:
<quoted text>
You don't expect Obama to think for himself?
He follows what's put on the teleprompter.
Only extremely dumb idiots cry about Obama using a device that has been used by every president since Eisenhower, present company included.
conservative crapola

Bethlehem, PA

#13 Jul 23, 2013
rollin wrote:
<quoted text>
1.3 trillion deficit.
And a nation divided.

Since: Dec 07

Location hidden

#14 Jul 23, 2013
conservative crapola wrote:
<quoted text>
And a nation divided.
Place the blame right where it belongs on the shoulders of the right wing.

Party of no.

Congressional obstructionists.

Don't believe me? Why did the Fox news reports seem genuinly disappointed that there was very little violence after the Zimmerman verdict. Watch the broadcasts, they scoured the entire nation and found only small isolated demonstrations that turned violent and of those no one was seriously hurt yet they plastered the screen with headlines like violence erupts across nation and every 7 minutes the crawler had a similar headline.

Divided nation, yes.

“ Impulsive, bone in her teeth”

Since: Mar 08

Location hidden

#15 Jul 23, 2013
Cisco Kid wrote:
<quoted text>
You don't expect Obama to think for himself?
He follows what's put on the teleprompter.
Nope, never did, I think all politicos follow the money.
Cisco Kid

Modesto, CA

#16 Jul 23, 2013
rollin wrote:
<quoted text>
Only extremely dumb idiots cry about Obama using a device that has been used by every president since Eisenhower, present company included.
Only a delusional, mind-numb liberal would neglect the fact that all preceding presidents read speeches they wrote and believed in instead parroting the party-line propaganda Obama is fed to fool the low information voters.

Reality, neglected by liberals since the dawn of time.
Cisco Kid

Modesto, CA

#17 Jul 23, 2013
Ed Teach wrote:
<quoted text>
Nope, never did, I think all politicos follow the money.
Check.

Since: Dec 07

Location hidden

#18 Jul 23, 2013
Cisco Kid wrote:
<quoted text>
Only a delusional, mind-numb liberal would neglect the fact that all preceding presidents read speeches they wrote and believed in instead parroting the party-line propaganda Obama is fed to fool the low information voters.
Reality, neglected by liberals since the dawn of time.
Guess you aren't very bright there dumb ass because EVERY preceeding president employed speech writers.

Marc Thiessen,Michael Gerson, and William McGurn wrote for President George W. Bush.

Michael Waldman wrote for Bill Clinton.

Tony Snow wrote for President George H. W. Bush.

FACTS - confounding republicans since 1973
Cisco Kid

Modesto, CA

#20 Jul 23, 2013
rollin wrote:
<quoted text>
Guess you aren't very bright there dumb ass because EVERY preceeding president employed speech writers.
Marc Thiessen,Michael Gerson, and William McGurn wrote for President George W. Bush.
Michael Waldman wrote for Bill Clinton.
Tony Snow wrote for President George H. W. Bush.
FACTS - confounding republicans since 1973
You neglected to mention Obama's Trainer, his Hungarian Communist speech writer; George Soros.

Since: Dec 07

Location hidden

#21 Jul 23, 2013
Cisco Kid wrote:
<quoted text>
You neglected to mention Obama's Trainer, his Hungarian Communist speech writer; George Soros.
You aren't very good at this whole debate thing huh dipshyt?

Obama's speech writer is Jon Favreau. You see dumb a$$, if you do your research before you post the chances of being embarrassed en masse like in a public forum go down drastically.

Read a book. If that is too daunting of a task, have someone read it you. Maybe if you go upstairs and ask your mommy she would love to read a book to her little tard.

FACTS - confounding republicans since 1973
Cisco Kid

Modesto, CA

#22 Jul 23, 2013
rollin wrote:
<quoted text>
You aren't very good at this whole debate thing huh dipshyt?
Obama's speech writer is Jon Favreau. You see dumb a$$, if you do your research before you post the chances of being embarrassed en masse like in a public forum go down drastically.
Read a book. If that is too daunting of a task, have someone read it you. Maybe if you go upstairs and ask your mommy she would love to read a book to her little tard.
FACTS - confounding republicans since 1973
Gee. As excited as you are, I must have struck a nerve.
I guess truth hurts when it forces You to look reality in the eye.

Now be truthful here.
You are one of the indoctrinated Obama Brown Shirts of his 'Citizen Propaganda Force'. Aren't you?

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