Skip to comments.Bill Clinton: Economy Will be OK, Even if Banks Nat'lized
Posted on 02/24/2009 9:41:44 AM PST by Sub-Driver
Bill Clinton: Economy Will be OK, Even if Banks Nat'lized @ 12:16 pm by Michael O'Brien
Former President Bill Clinton said that though he believes the Obama administration does not want to nationalize the banks, the U.S. economy will be fine, even if the administration should have to resort to such a measure.
"It's clear that the Treasury Department and the White House don't want to nationalize the banks," Clinton told CNBC's Betsy Quick in an interview aired in portions this morning. "They apparently believe that if the banks are nationalized they will be worthless to the investor, and therefore, they're getting out now."
"I take the administration at its word: they are doing everything they can to avoid having to do a takeover of the very largest banks," he said. "The point I want to make to everybody is: whatever happens, we'll probably be alright, as long as we deal with it this year."
Clinton praised the Obama administration's plan as thoughtful and pragmatic, and also touted the work of Federal Deposit Insurance Corporation (FDIC) Chairwoman Sheila Bair.
Clinton emphasized that the method the administration adopts to assist the banks is not as important as the administration taking decisive action to help the economy this year.
"Nobody thinks the federal government will be the banker of America in the long run," the former president and husband of Secretary of State Hillary Rodham Clinton added.
It ain’t just about the economy Billy Bob ... it’s about preservation of capitalism and limiting the role & scope of gubbmit. But then, he already knew that.
Oh, well. I feel fine now.
At least the job of President wasn't above his pay grade.
**** *** CLINTON!!
Kurry called him an “exceptional lair”.
He still is an “exceptional liar”.
From a 2003 Washington Post article:
"...a statement [Bill] Clinton made in February 2002, in which he told an audience in Australia, 'This is a unique moment in U.S. history, a brief moment in history, when the U.S. has preeminent military, economic and political power. It won't last forever. This is just a period, a few decades this will last.'
'In all probability, we won't be the premier political and economic power we are now' in a few decades, he said, pointing to the growth of China's economy and the growing economic strength of the European Union.
Whether the United States maintains its military supremacy, he said, depends in part on how much those other entities invest in their militaries, and Clinton said working cooperatively is essential to U.S. interests.
But he said he did not want to be misunderstood. 'I never advocated that we not have the strongest military in the world...I don't think a single soul has thought I was advocating scaling back our military.'
Source: Washington Post article from May 2003:
or find his remarks here (Talon News):
Clinton Predicts America's Decline:
"'We like your president. We want to see him reelected', former Chinese intelligence chief General Ji Shengde told Chinagate bagman Johnny Chung. Indeed, Chinese intelligence organized a massive covert operation aimed at tilting the 1996 election Clintons way."
The Idiot's Guide to Chinagate
By Richard Poe
May 26, 2003
CHINA WILL LIKELY replace the USA as world leader, said Bill Clinton in a recent Washington Post interview. It is just a matter of time. Clinton should know. He has personally done more to build Chinas military strength than any man on earth.
Most Americans have heard of the so-called "Chinagate " scandal. Few understand its deadly import, however. Web sites such as "Chinagate for Dummies" and its companion "More Chinagate for Dummies" offer some assistance. Unfortunately, with a combined total of nearly 8,000 words, these two sites like so many others of the genre offer more detail than most of us "dummies" can absorb.
For that reason, in the 600 words left in this column, I will try to craft my own "Idiots Guide to Chinagate," dedicated to all those busy folks like you and me whose attention span tends to peter out after about 750 words. Here goes.
When Bill Clinton took office in 1993, China presented little threat to the United States. Chinese missiles "couldnt hit the side of a barn," notes Timothy W. Maier of Insight magazine. Few could reach North America and those that made it would likely miss their targets.
Thanks to Bill Clinton, China can now hit any city in the USA, using state-of-the-art, solid-fueled missiles with dead-accurate, computerized guidance systems and multiple warheads.
China probably has suitcase nukes as well. These enable China to strike by proxy equipping nuclear-armed terrorists to do their dirty work, while the Chinese play innocent. Some intelligence sources claim that China maintains secret stockpiles of chemical, biological and nuclear weapons on U.S. soil, for just such contingencies.
In 1997, Clinton allowed China to take over the Panama Canal. The Chinese company Hutchison Whampoa leased the ports of Cristobal and Balboa, on the east and west openings of the canal respectively, thus controlling access both ways. A public outcry stopped Clinton in 1998 from leasing Californias Long Beach Naval Yard to the Chinese firm COSCO. Even so, China can now strike U.S. targets easily from their bases in Panama, Vancouver and the Bahamas.
How did China catch up so fast? Easy. We sold them all the technology they needed or handed it over for free. Neither neglect nor carelessness are to blame. Bill Clinton did it on purpose.
As a globalist, Clinton promotes "multipolarity" the doctrine that no country (such as the USA) should be allowed to gain decisive advantage over others.
To this end, Clinton appointed anti-nuclear activist Hazel OLeary to head the Department of Energy. OLeary set to work "leveling the playing field," as she put it, by giving away our nuclear secrets. She declassified 11 million pages of data on U.S. nuclear weapons and loosened up security at weapons labs.
Federal investigators [Cox Report] later concluded that China made off with the "crown jewels" of our nuclear weapons research under Clintons open-door policy probably including design specifications for suitcase nukes. Meanwhile, Clinton and his corporate cronies raked in millions.
In his book The China Threat, Washington Times correspondent Bill Gertz describes how the system worked. Defense contractors eager to sell technology to China poured millions of dollars into Clintons campaign. In return, Clinton called off the dogs.
Janet Reno and other counterintelligence officials stood down while Lockheed Martin, Hughes Electronics, Loral Space & Communications and other U.S. companies helped China modernize its nuclear strike force.
"We like your president. We want to see him reelected," former Chinese intelligence chief General Ji Shengde told Chinagate bagman Johnny Chung. Indeed, Chinese intelligence organized a massive covert operation aimed at tilting the 1996 election Clintons way.
Clintons top campaign contributors for 1992 were Chinese agents; his top donors in 1996 were U.S. defense contractors selling missile technology to China.
Clinton recieved funding directly from known or suspected Chinese intelligence agents, among them James and Mochtar Riady who own the Indonesian Lippo Group; John Huang; Charlie Trie; Ted Sioeng; Maria Hsia; Wang Jun and others.
Commerce Secretary Ron Brown served as Clintons front man in many Chinagate deals. When investigators began probing Browns Lippo Group and Chinagate connections, Brown died suddenly in a suspicious April 1996 plane crash.
Needless to say, China does not share Clintons enthusiasm for globalism or multipolarity. The Chinese look out for Number One.
"War [with the United States] is inevitable; we cannot avoid it," said Chinese Defense Minister General Chi Haotian in 2000. "The issue is that the Chinese armed forces must control the initiative in this war." Bill Clinton has given them a good start.
The Idiot's Guide to Chinagate:
(this version hasn't the necessary hyperlinks, but the above doesn't seem to be available any longer)
Richard Poe, "Chinagate: The Third-Way Scandal" (June 3, 1999)
Christopher Ruddy, "Russia and China Prepare for War: Parts I - VIII," NewsMax.com (March 9 -18, 1999)
The bride at every wedding, the corpse at every funeral
Thanks, Bill, I feel so much better with that coming from you! (sarc).
I am waiting for the MSM to ask Bush 43 about the plan.
As long as he, Hillary and China have a controlling interest.
Obama makes me long for the days of Clinton.
I'm from the government and I'm here to help you.
I won't xxx in your mouth. (Only on your blue dress}
Economy Will be OK, Even if Banks are Nat’lized
Welfare check's in the mail
(Insert your own here - no pun intended)
And, Bubba was moderately amusing!
Whether it was taking credits for the efforts of others...
Getting oral favors in his office from a young woman the same age as his daughter...
Parsing his testimony under oath...
Or just plain lying...
Bubba was worth his weight in toilet paper.
What a guy!
Clinton, at least, was reasonably seasoned as an Arkansas governor. He was corrupt, lustful, and probably killed a lot of people -- but he was competent.
(Rolling my eyes.)
Just like when ole Bill claimed,
“I did not have sex with that woman”.
Well, ole Bill redefined ORAL SEX as not being “sex”.
Bill Clinton, the more he denies it, the more you know it’s true. Dark Days in Monkey City
He seriously needs to go find some chubby intern, keep himself busy with her, and STFU already.
Democrats have been acting like they believe this with their business-as-usual porkulus. I think they've made a major blunder that will come back to haunt them.
Barack Hussein Obama....Worst President since Jimmy Carter AND Bill Clinton.
At least the job of President wasn't above his pay grade.
OTOH, Jimmuh Carter is delighted with 0bama.
He's no longer the worst president in American history...
I will NOT do business with a bank that is owned in full or in part by the government. PERIOD!
If that means I do my banking from my mattress, SO BE IT!
Time for us to start holding private business accountable for the path we are on. Only they can stop it now by saying no to bailouts.
I predict the Dow will be under 3000 by mid April.
I can read asterisk and that doesn't spell "happy birthday".
P.S. My sentiments exactly. For the toon and the zero both.
“Nobody thinks the federal government will be the banker of America in the long run,”
Is that his nose that is growing or is he just glad to see us?
How well does that work in the real world?
Hmmmm. Unless there is a alpha chicken, the hens will peck each other to death trying to establish a pecking order...
Not any more!
So Bim-Billy knows economics?
“Bill Clinton: Economy Will be OK, Even if Banks Nat’lized”
And the Healthcare industries, and the Auto companies, and the Energy companies, and the States and cities, and the....
“As a globalist, [Bill] Clinton promotes “multipolarity” the doctrine that no country (such as the USA) should be allowed to gain decisive advantage over others.”
This is a bunch of crap. The US should be dominant over other countries as it is based on individual liberty. Slick is saying other communist countries should be equal to us. They are not. Globalists want to reduce the field to the lowest common socialist denominator.
obamas economy plan is like a stalled car if you keep changing out parts at some point in time it will start.
That's just his way of rationalizing a situation where the ChiComs and Russians can gain more power on the global stage. The left-wing demonRats always look out for their international comrades. Nearly every one of their foreign policy decisions, one way or the other, benefit the Russians and/or ChiComs.
Index of prices of 421 common stocks:
1932 low= 38.6
The last time, stock lost over 80% of their value before they found bottom.
Sooooo. What’s 0.17 times the recent DJI peak, Hmmmm?...
They've been making contingency plans to accelerate every step of America's destruction since, oh, say, 1917.
This is more like that toadstool that spent months or years of growing underground before it "suddenly" appears in your yard.
I think it's "Love You"...
And you know what nutrient grows then best. :-))
You forgot the /sarc ?
second 1/2 is right
Yes, as far as it goes. The America of my birth should be the alpha country, for the exact reason you state: it is based on individual liberty.
Even failing that, there needs to be an alpha country to impose order.
Compare a family where if momma ain’t happy, ain’t nobody happy to Lord of the Flies.
Even if momma is a drunken slut, the kids are better off under her than they would be eating each other...
In this case, the entire Capitalistic system will be taken down and replaced with a Nationalist Socialism Oligarchy.
WE need to be the alpha hen.
The alternatives are a truly evil empire or hegemony, or total dog-eat-dog world wide chaos.