Help me out here - I went to Arizona State

[rufus dog]

It is no Harvard or Stanford, but hey at least it isn't University of Idaho.


Anyway I need some help with logic. Fox and Dobbs are pushing that the meltdown is Clinton's fault. Clinton signed a deregulation bill written by and approved by Republicans, except for one vote by a Democrat. Clinton left office almost eight years ago and for the first six years all of Gov't was controlled by Republicans. Can anyone logically explain, or even give a semi literate opinion on how this can be tied to Clinton. Seriously.

[valerief]

1. Why do you hate America?

:hi:

[rufus dog]

4. I have to admit

For the past couple of weeks I have hated about 45% of the electorate in the USA.

[valerief]

11. Aw, that's only if you believe the polls. I don't believe a word of them.

I don't answer my land line unless I recognize the phone number. Could be a telemarketer. Could be a pollster. I'm sure a lot of people are like me. The people responding to the polls are those who don't care if they're speaking to a telemarketer. So the numbers of real voters vs. "I'll talk to a telemarketer" people are skewed to start with.

[rfranklin]

2. Clinton and the other dem were the only ones who voted yes...

Every other Dem was against it. It was a Republican bill. They wanted it and Bill Clinton being a good moderate Republican assented. So how does this absolve the Republicans?

[Kurt_and_Hunter]

3. "He didn't fight our assinine ideas hard enough!!!"

[rufus dog]

7. Shouldn't that be the point made by the talking heads?

Come on, it is something that shouldn't be open to debate, but they are going to use it as a diversion. One Democratic Senator, no longer in office, voted yes, the Repukes, including McCain all voted yes. It was written by a chief McCain economic adviser, END OF STORY. With the added zinger, "this is why things are so messed up, you don't take responsibility for your mistakes."

[sandnsea]

5. Here's the one I read that frosted my ass

I blame Clinton only to the extent he trusted these assholes and didn't make sure all of his economic policies were written with solid measures to protect us.

The one that really gets me is that it's Clinton's fault because he encouraged programs to help people in minority neighborhoods to buy, in order to correct the red line policies of the past. First it was the poor people's fault, now it's the minority's fault. That's the line that's going to stick - if we don't get three words out there right now - Gramm-Leach-Bliley.

[lonestarnot]

6. Are we having a McSame's staff meeting here! ROFLMAO

Lobbyists' good ole boys would have you believe that. There are 7 of them on his campaign committee! Just say'n. :hi:

[rufus dog]

8. More of a Devils advocate approach.

To me this claim is just so ridiculous and lame but I have a feeling that it will be pushed very hard.

[AldebTX]

9. Because

You have to think like a Repug. If its something bad...it HAD to come from a Clinton.

[flpoljunkie]

10. Talkingpointsmemo Explains: "Republicans and the Credit Crisis"

This seemingly innocuous power point slide from the Securities and Exchange Commission (SEC) was used in June of 2004 to explain to market participants a new ruling on how broker dealers could compute their "net capital". Instead of the previous fixed limits on leverage of 10:1, broker dealers like Lehman Brothers could use their own "internal models" to determine how much leverage they could put on their capital. As we saw with the crash of Bear Stearns and now Lehman Bros., both firms were leveraged more than 30:1.

When you combine this ridiculous willingness to let broker dealers determine their own leverage with the decision three years later to alter the short selling rules to make it easier to short a stock, you have a recipe for financial chaos. These are both Bush administration SEC moves. They stem from a idealogical hatred of regulation. They cannot be blamed on Democrats. This needs to be stated clearly by Obama and Biden.

http://tpmcafe.talkingpointsmemo.com/2008/09/14/republicans_and_the_credit_cri/

[leftynyc]

12. Fellow (sister) Sundevil here

What a great place to go to school!!!

[abumbyanyothername]

13. I will make an effort here, but realize that this is not MY opinion

Clinton has been parading around the country taking credit for the peace, prosperity and balanced budget that marked his administration since he left office (in shame, no less). Leaving aside the peace, the prosperity and balanced budget were forced upon him by a Republican controlled congress that swept into power in '94.

If he wants to take the credit for all the growth and prosperity that flowed from the massive deregulation passed by the Republican congress, he should step up to the plate and shoulder the blame too.

(Again, note that this is just my effort to construct a reasonable argument to support the positions of the people OP is hearing from.)

[PA Democrat]

14. Plenty of other people you could say should have stepped on the brakes along the way.

The deregulation of the financial services sector has been a long process. Even recently when there were very clear signs that the mortgage mess was brewing, Greenspan kept rates low, and even talked up adjustable rate mortgages at a time when rates were near historic lows. People who were sounding the alarm were ignored, and in fact Bush's Office Comptroller of the Currency filed suit against states that tried to enforce laws against predatory lending. The Supreme Court ruled in the OCC's favor overturning consumer protection laws that individual state shad passed.

http://www.iht.com/articles/2007/04/18/news/banks.php