On 9/21/2010 11:21 AM, John Sessoms wrote:
From: "William Robb"
From: "steve harley"
>
> the point is that Clinton's economic policies were bad enough that
i gag
> when someone writes "he's the best president you've had ..."
>
You should try living somewhere other than where you are for a while.
You
will find that often an outsider's perspective is more astute.
Clinton's economic policies were essentially "Reaganomics Light" -
free market fundamentalism with some attempt to alleviate the worst of
the down-sides for those left out of the boat.
The only real difference between Clinton's economic policies and his
successor's are that the Bush administration made no attempt to
alleviate the bad effects, and in fact, attempted to actively exploit
them for political and financial gain.
You forget, the Bush administration did recognize some of the danger but
not all. In 2003 his administration proposed sweeping overhauls of home
financing regulation, This was blocked by House and Senate Democrats
though some Republicans had a hand in it as well, (can't stop that easy
money). Those attempts continued for a couple of years before being
abandoned. Would it have stopped the current meltdown. Who knows, I
know what was proposed, not what might have been enacted, but there
would have been a lot less bad paper to bundle. You got to get your
head out of your Ideological ass.
--
"His lack of education is more than compensated for by his keenly developed moral
bankruptcy."
-Woody Allen
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