Bubba's Toxic Economic Legacy: When Hillary Brags About the First Clinton Presidency

It was, after all, the Clinton administration that oversaw widespread financial deregulation, repealing Glass-Steagall, which contributed to the rise of too-big-to-fail financial institutions, and signing the Commodity Futures Modernization Act into law, which ensured that the derivatives market that eventually led to the financial crisis was not regulated. The first financial institutions to benefit from Glass-Steagall’s repeal were Citicorp and Travelers Group, two companies that merged to form Citigroup, where Clinton’s Treasury Secretary, Robert Rubin—who pushed for the legislation—would go on to receive $126 million in compensation (after the bank was bailed out by the federal government). Clinton also signed legislation (Riegle-Neal) that removed restrictions on interstate banking, leading to a rapid decline in local commercial banks.

Beyond financial deregulation, Clinton passed the North American Free Trade Agreement (NAFTA), which undermined manufacturing jobs and unions, while benefiting the biggest corporations who could shift production to Mexico; he signed the aforementioned welfare reform, which led to a system rife with racial bias and left more in deep poverty; and he reappointed Alan Greenspan as the Chairman of the Federal Reserve.

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Risky Thicket said:

The Real Bill Clinton got lucky when he became president. Yes, Bill Clinton has the charm of a world class grifter and no one is saying that he isn't politically astute. But Bill caught a big economic wave and rode it for almost 8 years. He was lucky.

Hillary's favorite pronoun is "I". She uses it more than any other candidate with the exception of Donald Trump. Whenever Hillary uses "we" she is rarely referring Americans but rather Bill. Hillary is quick to take credit for Bill's accomplishments, real or fabricated. Of course Hillary is always quick to give Bill full credit for anything negative.

Lately Hillary has been promising that Bill will be placed in charge of growing the economy. Oh, boy. Oh, bull****. :roll:

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WCH said:

Reckon how many interns that involves?

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