Bubba would be better off if he stuck to things he is more qualified to handle -- like chubby interns.
Posted on 09/23/2008 4:47:06 PM PDT by Zakeet
Bill Clinton sat down with a small group of journalists on Monday, Sept. 22, in advance of the Clinton Global Initiative annual meeting in New York. ... BusinessWeek staff editor Aili McConnon asked Clinton what he would do about the current economic crisis if he were President now. Here is an edited version of his response.
"I would try to settle these markets down and do something like what they are doing because I think this is not just Wall Street vs. Main Street.
[Snip]
"Then I would basically do what Hillary has said for a year on real estate: I would declare a moratorium on home foreclosures for 60 to 90 days so that they could all be reviewed.
[Snip]
"I would impose much stricter standards of transparency. I would have reasonable capital requirements and margin requirements, not to stop all risk but not to have it be so improvident, not to have this thirty-to-one leveraging anymore.
[Snip]
"Then you have to figure out whether there should be a deal for the taxpayers that's not all downside. Among the things that ought to be considered are some kind of agreement between the federal government and these financial institutions so that if they return to profitability, taxpayers get some money back.
[Snip]
"I think if we get this right, then it won't just seem that all we have done is double the national debt ... We desperately need to modernize. If you want to do something about global warming, modernize our rail systems, modernize our airports. Let's say it would be $120 billion dollars for us to do that at the same level; that's what we spend in Iraq every year, and it's one-sixth of what we just committed."
(Excerpt) Read more at news.yahoo.com ...
Bubba would be better off if he stuck to things he is more qualified to handle -- like chubby interns.
Clinton will be on Greta tonight......supposedly she asked him about rev wright......
I don't agree with everything Clinton says, but this is correct. The populist rhetoric coming from both sides could be disastrous.
Then I would raise taxes and say I worked harder than I ever have in my life but just had to do it.
I bet this video would get us much closer to a solution than slick Willy's willy would.
Why will more socialism ever fix anything? Drill here drill now, zero the capital gains taxes, rescind Sarbanes-Oxley -- stand back.
George Bush is uneducated in Economics.
Neither understands the subject.
But both men have feelings about what should be done.
John McCain is ignorant of economics
Barrack Obama is a Marxist and prefers equality to prosperity.
God help us all.
Name me one POTUS that was economically educated.
Take a car loan or use your VISA.
“This is the classic case of the fox watching the henhouse” “This is the classic case of the fox watching the henhouse” “This is the classic case of the fox watching the henhouse” “This is the classic case of the fox watching the henhouse”
“This is the classic case of the fox watching the henhouse” “This is the classic case of the fox watching the henhouse” “This is the classic case of the fox watching the henhouse” “This is the classic case of the fox watching the henhouse”
REPEAT AS NECESSARY!
Ronald Reagan had a bachelor’s in Economics. From him we got the Boom that is coming only now to a close. Calvin Coolidge understood the subject. John Kennedy listened to men who understood these things. The Great Interventionists have been Hoover, FDR, LBJ, Carter, and now Bush. Only LBJ did not bring us economic disaster. He brought us social disintegration instead.
Yes, but he got that theoretical knowledge caught in his zipper and can’t remember anything.
Actually the problem with Leaders and Economics is that it is a tremendously boring subject to dynamic persons and successful politicians are necessarily dynamic persons. They do not have the time or inclination for such stodgy subjects. That is too bad but always true with the exception of Reagan. Society’s ration of Reagans is probably severely limited. one or two a millenium.
I believe the record will show most of the bad guys in this mess have Clinton connections.
“George Bush is uneducated in Economics.”
President Bush has an MBA from Yale. He understands more clearly than anyone in Congress.
They all have the power to read books and to call upon economics experts to give them advice. They've all been in politics long enough to get themselves educated.
When they hold the future of the country in their hands, you'd think they'd be a little more concerned.
If I ever hear "Get a bill to my desk, so I can sign it" again, I'm going to punch my head through the wall.
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