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My Recent Comments
It is amazing how quickly revisionist history is created these days. I agree that times were good 15 years ago, but they were also pretty good just 6 or 7 years ago as well. Let us not forget that the greatest sucesses that Bill Clinton achieved was under a Republican Congress, House and Senate. I will admit that Clinton showed a remarkable ability to turn his policies almost 180 degrees following the 1994 mid-terms. From that point came the success track. But behind the scenes, it was Clinton who brokered the repeal of the Glass-Steagal Act. It was Clinton who dusted off the Community Reinvestment Act, and appointed Franklin Raines to head Fannie Mae/Freddie Mac. Thus, it was Clinton who gave birth to the sub-prime mortgage market commencing in about 1997/1998. This was the catalyst that started this snowball rolling downhill. President Bush went to Congress at least 3 times to yank in the reins on Fannie and Freddie, only to be blocked by the likes of Dodd/Frank and Maxine Waters.
So before you pat Bill Clinton on the back too much, maybe we should get out the stick, and turn those love taps into a few good licks. Oh, and Jimmy Carter may have been a great humanitarian when affiliated with Habitat for Humanity, but I think someone must have hit him on the head with a hammer, because as far as I am concerned, he threw all that goodwill away with his blatant anti-semitism.Sep 28, 2011