3 - 2 - 1, "The Economic Meltdown is Clinton's Fault"

[maxrandb]

Well, that didn't take long!

http://www.ibdeditorials.com/IBDArticles.aspx?id=306370789279709

"Big Government: Barack Obama and Democrats blame the historic financial turmoil on the market. But if it's dysfunctional, Democrats during the Clinton years are a prime reason for it.

Obama in a statement yesterday blamed the shocking new round of subprime-related bankruptcies on the free-market system, and specifically the "trickle-down" economics of the Bush administration, which he tried to gig opponent John McCain for wanting to extend.

But it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street's most revered institutions."

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Got this e-mailed from a wing-nut.

Already fired off my letter to IBD, but since they'll probably end up burning their magazine to keep warm this winter, I felt compelled just to ignore it.

[aquart]

1. Bill did sign that evil bill. Why did he sign that evil bill?

I remember screeching at the time, "WHY, Bill?" But answer came there none.

[davepc]

2. Clinton signed the banking bill that led to all this in 1999. 1 Democrat in the Senate voted yes.

53 republicans did too. No Republicans voted against it.

The Bill was written and named after McCains econimic advisor Phill Grahm. McCain himself voted Yes to it.

another win for the 3rd way/DLC.

[dflprincess]

3. So...they're saying that if the banks

could have been racist about who they loaned money to, none of this would be happening?

[guitar man]

4. well *if* that we're true

which of course we know it isn't, but to play devil's advocate, I'd ask the wingnut why, oh why the *W administration hasn't done anything to fix it in 8 years, especially when for 4 of those years the repugs held the house, senate and the WH?

[n2doc]

5. OK....so why didn't chimpy do something about it?

If it was so bad and so obvious, why didn't Chimpy and the repukes do anything while they had control of all three branches of the government?

Ask your wing nut buddy that one!

[Kokonoe]

6. Freudian slip

"If we blame the wrong culprits, we'll learn the wrong lessons.
And taxpayers will be on the hook for even larger bailouts down the road."

What Investor's business Daily really wants is even larger golden parachutes.

[Love Bug]

7. It's the Clenis' fault!

[cliffordu]

8. "....And the republicans loved it sooooo much they didn't do anything about it

for the last eight years......"

[ThoughtCriminal]

9. It was sponsoerd by Republicans and passed by Republicans

and was snuck into a huge omnibus funding bill. I love it how so many reight wingers are clueless about which party was controlling congress from 1995-2007. When they think of the 90's, all they can see is Bill Clinton.

edit - actually, I was thinking of Phil Graham's "Enron Loophole" - something else that through the magic of republican thinking is not their fault.

[Romulox]

10. Everything looks bad when you remember it! - H. Simpson. nt

[JHB]

11. This is why we can't have nice things in politics...

They use an alphabet that consists of "a, b, c, x, y, z", and we use those plus all the other letters in between.