Archive for the ‘Other - Politics & Government’ Category

PostHeaderIcon Is Bill Clinton partially responsible for the economic meltdown in the US?

saab_9_3 asked:


Former President Clinton is on the campaign trail claiming he has nothing to do with the current economic crisis. However, the facts are these:

When President Clinton was president his terms was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. The repeal enabled commercial lenders such as Citigroup, which was in 1999 then the largest U.S. bank by assets, to underwrite and trade instruments such as mortgage-backed securities and collateralized debt obligations and establish so-called structured investment vehicles, or SIVs, that bought those securities. It is therefore seen that the repeal of this act is directly responsible for the Global financial crisis.

That was not enough for former President Cliinton. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. The Commodity Futures Modernization Act of 2000 has received criticism for the so-called “Enron loophole,” which exempts most over-the-counter energy trades and trading on electronic energy commodity markets. This was one of the big reasons for the collapse of Enron.

Not convinnced yet? In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. All these rules changes played a role in creating a permissive lending environment. This in turn led to more loans being given to people who really could not afford them, leading to defaults today.

After all of this, do you believe our former president when he says to the media, “I am not a fault for any of this financial mess? Do you believe if my economic team was in place that any of this would have happened?”

My answer is yes I do – after reading about all the things he did in great detail, I put part of the blame squarely on his broad shoulders. To deny he had nothing to do with it seems like he is trying to rewrite history. What do you think?
Hmm. The surplus has nothing to do with the current situation. How does that figure into this quesstion?

True, anything can be overridden – but how does that absolve Clinton for pushing these ideas in the first place?

Although Clinton is not formerly campaigning, he is making repeated statements (three in the last two days) stating he has NOTHING to do with the economic downturn. If this is not campaigning for his reputation history, what is it then? Just random statements?

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PostHeaderIcon Hey Dem’s.Which party is responsible for?

JohnDoe asked:


Today’s so-called democrat party is really a distribution of two parts, the sophisticated and the naive. Or more aptly, the Elitists and the Disciples as will be shown.

They have been called Leftists, Extreme left, Anti-war left, Anti-war progressives, Liberals, Liberal Democrats, Conservative Democrats, Progressive Democrats, New Democrats, Progressives, Socialists and to non-revisionist historians they have been likened to the Tories of the American Revolution who were not averse to sabotage and to selling us back to England.

The true platform of the so-called democrat party has been unfolding in an incremental manner since the New Deal days of Franklin Roosevelt and the Great Society of Lyndon Johnson until today it is unabashedly the standard bearer for the philosophy of Karl Marx with its giant aim on continued higher taxes, perpetual larger government and eroded individual and property rights. Although Lenin referred to his western world allies as “useful idiots” a more accurate description would have been “useless idiots.” A review of the recent history of this alleged Democrat party is quite revealing.

Which party sided with Communist countries Nicaragua and El Salvador and protested any aid of any kind to the freedom fighters of these nations? Which party refused aid to Afghanistan when it was raided by Communist Russia. Which party gave away the Panama Canal, a project which had not only cost the American taxpayer billions in creation but also opened the door for the eventual take-over of this strategic transport maritime site by the Chinese?

Which party was responsible for sending us into a Korean and Vietnamese war without providing the necessary arms for battle to its own Army, Navy, Marines and Air Force? Which party was directly responsible for sending back a child to Communist Cuba whose mother gave up her life in order that the child live in a free society? Which party donated billions of our tax dollars to the Russians for the alleged dismantling of its obsolescent nuclear missiles while allowing it the wiggle to build bigger and better ones? Which party has continuously thrown up road blocks in the attempts to develop and research the necessary weaponry for the defense of our country in a nuclear age?

Which party was responsible for the drive to downgrade and decimate the total military force of the United States. Which party was responsible for disregarding the Constitution and allowing the debacles at Waco and Ruby Ridge? Which party underhandedly sold classified technical secrets to the Chinese and used the White House as its Merchandise Mart by selling bedrooms and gala parties for election time fund raising?

Which party detoured the final impeachment process of a president whose legacy is bemired in the most corrupt, insidious and treacherous presidency in our history? Which party was and is responsible for keeping us from drilling for our own oil and thus retaining a dependency on other nations for this crucial and possibly nation-saving commodity? Which party was obviously willing to shred our Constitution in the interest of winning a presidential election at any cost even to the extent of its own democrat packed Florida Supreme Court shunning its state constitution and the rule of law? Which party did everything in its power to negate the military votes in the last presidential election? Which party has continued to fight for gun control and for keeping the American citizen from the wherewithal of self defense. Which party is in constant attack mode on American commercial corporations and American industry as a methodology to weakening the Capitalist and Free Enterprise System? Which party is in constant programming mode for our subservience to the United Nations. An organization dominated by despotic third world countries and which numbers itself amongst the most corrupt political entities on the globe.

Which party, upon leaving the White House ransacked Air Force One, looted, destroyed and pillaged the White House? Which party castigated Bush #1 for not continuing the move into Baghdad and has been crucifying Bush #2 for doing so.

This is the party which created and introduced political correctness to the point of national paralysis. This is the party which loves the poor people because they are the easiest prey. This is the party which has fomented the concept of reverse discrimination as the answer to discrimination. This is the party which history will prove has been wrong on all counts.

It is time for the Disciple Democrats to wake up and smell the problem. Your Elitists are not your allies. The United States of America is under siege. The fact that the so called democrat party is really the Socialist Party of the United States has never been more evident. This premise is primarily due to the fact that the total liberal platform follows the cardinal principles of Karl Marx and the implementation genius of Vladimir Lenin. The scenario we saw in Florida was programmed and we saw the Socialists, for the first time, actually taking a firm stance in order to test the system and the safeguards of our Constitutional Republic.

To those who doubt, it is about time that a better acquaintanceship with Marx be made as well as reading and listening to the Liberals Political Platform. The concepts of divide and conquer as well as fomenting class envy are two of the common denominators.

PostHeaderIcon loans? Guy from that TV commercial?

m3atcl3aver asked:


There is a commercial that comes on TV with a guy that is always really hiped up. He wears a jacket that has question marks all over it and he talks about how you can get money from the government through loans and other way. I cant remember the guys name or his book. If you have any clue please leave info. Thanks for your time.

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