President Clinton is correct. The problem isn’t government, it’s business’ unwillingness to be required to do anything for anyone except the wealthy. Only government can protect the rest of us from the very great danger poised by unregulated business and commerce. Look back at the depredations of the late 19th century and the early 2oth century. Working people were little better than slaves in the eyes of the robber barons, and robber barons is too kind a description of those people whom today’s wealthy would like to emulate. As for getting back to work, more and tougher regulation of business and especially banking would probably help that. I would like to suggest that government decide how much money banks should hold out of the market to cover their own capital requirements and tax any excess held more than 90 days at 90 percent. I don’t think you will see a “credit crisis” if such a rule were adopted.

Reagan or Karl Rove Trained?

Nafta bill by GHW Bush.
I concurred on it. Thought it was good to help a poor country.
Jesus Christ like.

Unintended consequences.

WIB does not recall Peso Tanking. Prior to that our Exports to Mexico exceeded our imports from mexico.

Phil Gramn pushed Deregulation of Derivatives.

Rubin – Summers off Wall Street convinced Clinton Nafta and Derivative were good bills. Clinton says now he would not sign them in hindsight.

NAFTA–we have exported 350,000-800,000 jobs to Mexico. I get that range from different sources. Does WIB know that in 8 of Bush We sent 2,300,000 to Just China.

Yes! Clinton and most surviving presidents thought trade with one billion consumers would be great. Nixon was first to give big push.
1,000,000,000 buying our goods Wow!
Unintended consequences. They did not predict Wall Street would ship our jobs there to get that low cost labor. No one predicted it. The bototm line was they will buy our goods as they gain in income.

America is tracking the trend line to End Of Empire laid by
Rome-Spain-Holland-England
Over extension worldwide on Debt.
Small group own most of the wealth
 
10% own 70% net wealth  80% own 15%
10% own 70% financial wealth  80% own 7%
10% take 50% individual Income  50% take 13%
 
70/15  70/7  50/13  = 190/35

Simplistic– clear picture—can you see it? Congress cannot! White House cannot!

Each of 10% own $7 of net wealth and each of 80% own $0.18
Each of 10% own $7 of financial wealth and each of 80% own $0.09
Each of 10% take $5 of individual income and each of 50% take $0.16
 
$7  to  18 cents ratio: 700:18
$7 to 7 cents 700:7
$5 to 16 cents 500:16

Is that not a picture of Third World Country? One cannot spin such numbers
Is that not a picture of England in End of Empire?
Is that not a picture of a Dictatorship
I cannot paint a clearer picture but sadly our president is too busy preaching to his choirs
The members of congress are too busy counting $$$$$$$$$$$$$ from Wall Street.

Where are our leaders? Counting $$$$$$$$$$$$$$$$$$$$$??????
Jesus Christ main sermon was on Inequality
Ever hear a sermon on it?
PASTORS OF AMERICA $$$$$$$$$$$$$$$$$$$$$$ GOT YOUR TONGUES????????
If my numbers are wrong advise cswinney2@triad.rr.com I correct.

Here is the guy who gave us NAFTA lecturing us on how to save the American dream. What a pathetic person Clinton is. He was a pos president and now is even a bigger pos ex-president. Do us a favor Billy boy. Shut up. We don’t need to hear any words of wisdom from a fool like you.

I always believed Bill Clinton was the best Republican president of my lifetime. He was just as much an advocate of Milton Friedman’s beliefs that the capital marketplace cures its own ills, that deregulation and privatization are panaceas of economic ills or are necessary for capital expansion, and that tax policy should favor investors as the Republican clowns were. His economic advisors, from Rubin to Summers, and his continued support of Greenspan all drank from Friedman’s chalice, called variously “austere capitalism,” “laissez-faire capitalism,” or “neoliberalism.” Whether Arthur Laffer called it “trickle down” economics or today’s Republicans “romancing of the investor class,” Friedman’s system in operation is a wealth transfer mechanism, moving wealth from the middle class to the upper class.

Bill Clinton listened to Republican rants about reducing welfare and implemented their wildest dreams. Clinton favored the repeal of Glass-Steagall, which had been intended to prevent banks from becoming too big to fail in 1932 by prohibiting the merger of commercial banks with investment banks. AIG and other institutions rescued by TARP were direct result of Dick Armey’s 1999 triumph over a post-Depression 67-year old law. Bill Clinton’s Democratic Party was not as supportive of labor as previous Democrats have been. Bill’s idea of democratic politics led to Blue Dog Democrats, Democrats in Name Only, whose tendency to vote Republican led to all the filibusters of Obama’s proposed legislation.

Bill Clinton is a phony Democrat who has spawned many more phony Democrats.

NO’ NEVER, NEVER AGAIN VOTE IN A REPUBLICAN PRESIDENT!

the GOP … IS AMERICANS PUBLIC ENEMY #1

Bill Clinton was not responsibile for NAFTA, NAFTA was signed by President George H.W. Bush in 1992, the treaty negotiations begin back in 1986 under the Right darling and beloved Ronald Reagan. Pesident Bush tried to fast track the treaty before leaving office, but left office before ratification of the treaty, which fell on the incoming president plate. Bill Clinton tried to protect American workers and made sure its partners follow the enviormental practies and laws of the U.S.by adding clauses, but the treaty was already a done deal. In the House a vote of 234 members for and 200 against the treaty, meaning 137 Republicans voted yes, and 102 Blue Dawgs Democrats voted yes. And over in the senate a 61-38 vote with 34 Republicians and 27 Democrats mostly Blue Dawgs. NAFTA was the darling baby Ronald Reagan gave to United States.