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merrily

(45,251 posts)
2. Not only outsourcer in chief and not only repeal of Glass Steagall, for which he and Greenspan
Thu Apr 28, 2016, 05:24 AM
Apr 2016

lobbied hard. The Commodities Futures Modernization Act of 2000 (that may not be the exact name), for which he and Greenspan also lobbied hard, left mortgage derivatives unregulated. In turn, that led, by 2008, to near economic collapse of the US and worse in a number of European nations, not to mention many foreclosures in that economy. For that particular toxic financial cake, repeal of Glass Steagall was only the icing. However, both those bills were instrumental in the "too big to fail" debacles.

As though that were no enough, there were also DADT, DOMA, "ending welfare as we know it," the Telecommunications Act, turning the White House into the Re-Elect Bill Clinton Historic Inn at taxpayer expense, trade agreements, bombing Iraq, turning the Democratic Party into the "New Democrat" Party (their term, not mine), losing Congress, perjury leading to impeachment and more. (I always leave out some doozies, so I've stopped trying to be inclusive.) Tried to mess with OASDI, too, but didn't quite make it. (Bowles, from his administration, did, however, get to co-head the Cat Food Commission that Obama appointed.)

In fairness, there were also positives. I will leave it to others to decide whether those outweighed the negatives and whether we have Congress or Bubba to thank for them. (As an aside, until Hillary, I'd never seen a First Lady take credit for bills Congress passed during her husband's administration.)

Actually, consumers "outsourced" most of those jobs by choosing cheaper and better cars, etc., from Hoyt Apr 2016 #1
Of course you are correct. But folks with intent to continue to smear the Clintons will not Jitter65 Apr 2016 #3
+1 oasis Apr 2016 #15
Cherry Picking the facts - blaming the Consumer - So Very Wall St FreakinDJ Apr 2016 #5
Corporate inversions will be taken care of, and they don't move jobs. Hoyt Apr 2016 #8
Single Issue won't solve Outsourcing FreakinDJ Apr 2016 #11
As long as consumers want cheaper foreign products, the only way to stop that Hoyt Apr 2016 #16
Perhaps increase in wages inline with increased productivity would help. NCjack Apr 2016 #17
Bingo - Fordism worked well for everyone. CanadaexPat Apr 2016 #18
I agree. But, how do you handle increases in productivity Hoyt Apr 2016 #20
Your going off the deep end here FreakinDJ Apr 2016 #23
As long as you believe jobs going overseas is primarily because domestic corporations sent Hoyt Apr 2016 #24
Denial must be comfortable for you FreakinDJ Apr 2016 #27
+1000 stonecutter357 Apr 2016 #9
this is a neo-liberal "interpretation" of job-killing & manufacturing sector-killing FTAs amborin Apr 2016 #30
A kind of second tier KT2000 Apr 2016 #31
Not only outsourcer in chief and not only repeal of Glass Steagall, for which he and Greenspan merrily Apr 2016 #2
Notice Hillary doesn't attack High-Tech outsourcing - just Corp Inversions FreakinDJ Apr 2016 #4
She also pushes the story that tech companies cannot find qualified Americans to merrily Apr 2016 #6
Hillary supports increasing H1B visas to astronomical levels FreakinDJ Apr 2016 #7
How exactly would keeping China out of the trade organization that the rest of the world belongs to pampango Apr 2016 #10
How exactly does China burning so much coal the ash lands in Canda and the US benefit the world FreakinDJ Apr 2016 #12
I agree that high environmental standards should be part of trade agreements and pampango Apr 2016 #14
I just checked ... Hillary will still be the nominee. (Your post changes nothing.) NurseJackie Apr 2016 #13
The Clintons have nothing to do with any of that while in power! Kokonoe Apr 2016 #19
And his wife continued that legacy along with insourcing. Why do you think Trump is touting America Skwmom Apr 2016 #21
Clinton polling down to +8 now FreakinDJ Apr 2016 #22
If people are fighting for the few jobs left... Octafish Apr 2016 #25
Yep. Lost my Job during Nafta Phlem Apr 2016 #26
knr snagglepuss Apr 2016 #28
K&R amborin Apr 2016 #29
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