Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Bill Clinton says economic recovery ahead of pace looking back up to 500 years in history
Boston.com ^

Posted on 04/30/2012 7:54:43 AM PDT by Sub-Driver

Bill Clinton says economic recovery ahead of pace looking back up to 500 years in history 04 30, 2012

By Glen Johnson, Globe Staff

Former President Bill Clinton defended President Obama and his handling of the nation’s economic recovery Sunday night, saying “we are beating the clock” historically in comparison to Japan and other economies that have been through similar tumult.

“If you go back 500 years, whenever a country’s financial system collapses, it takes between five and 10 years to get back to full employment,” Clinton said as he introduced Obama at a fund-raiser for his longtime friend Terry McAuliffe.

The former chairman of the Democratic National Committee is now running for governor of Virginia.

“If you go back for the last 200 years, when buildings had been widely owned by individuals and companies, if there’s a mortgage collapse, it almost always takes 10 years,” the former president added as he defended the current one. “He’s beating the clock, not behind it. Don’t listen to those Republicans. We are beating the clock.”

Without directly naming names, Clinton also jabbed at Mitt Romney, the presumptive Republican presidential nominee, while advocating for his fellow Democrat.

(Excerpt) Read more at boston.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS:
Can't you just go away?
1 posted on 04/30/2012 7:54:48 AM PDT by Sub-Driver
[ Post Reply | Private Reply | View Replies]

To: Sub-Driver

What’s with this 500 year reference? So Obama is dealing with the worst economic problem in the last 500 years?

And Joe Biden said that the raid to kill Bin Laden was the most courageous military action of the last 500 years.

So, is this going to be a campaign theme? That Obama has confronted the worst challenges of any kind in the last 500 years? Why did Bill mention a 500 year time line??? What’s that all about???????

Is it stupid to mention that the economic system and structure we have in place now did not exist 500 years ago?


2 posted on 04/30/2012 7:59:05 AM PDT by Dilbert San Diego
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

VD addled brain.


3 posted on 04/30/2012 7:59:43 AM PDT by onedoug
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Put down the bong, Bill.


4 posted on 04/30/2012 8:01:15 AM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Already proven in spades that the man has no shame.

Pointless to give him the time of day.


5 posted on 04/30/2012 8:01:40 AM PDT by PBRSTREETGANG
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Too bad this dirtbag is still around and that he’s even being listened to. He should be serving a long, long prison sentence for rape, sexual molestation, theft, treason, etc.

But the left loves these pigs, don’t they: Rev. (Tawana Brawely was raped and $hit on by Whitey) Sharpton, Jessie (I used to spit in Whitey’s burgers) Jackson, Hillary (I was named after an itinerant sheep farmer in New Zealand), and other horrible slobs in the dummycrat party. Shameful! What a bunch of garbage!


6 posted on 04/30/2012 8:02:16 AM PDT by laweeks
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

What a loon. Best walking, talking example of pump head on earth.


7 posted on 04/30/2012 8:04:02 AM PDT by John W (Viva Cristo Rey!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
Bill Clinton says
I stopped reading right there.
8 posted on 04/30/2012 8:07:01 AM PDT by oh8eleven (RVN '67-'68)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

“Billy Baggy Eyes”


9 posted on 04/30/2012 8:08:00 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
We did not experience a “collapse”. We don't have a clue what a real collapse is. If Obama is reelected, 100% chance. If Romney is elected, 50%.
10 posted on 04/30/2012 8:09:27 AM PDT by ryan71
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

As noted in Starr’s impeachment report, his mouth and feces are inseperable in more ways than one...


11 posted on 04/30/2012 8:10:49 AM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
“If you go back 500 years, whenever a country’s financial system collapses, it takes between five and 10 years to get back to full employment,” Clinton said as he introduced Obama at a fund-raiser for his longtime friend Terry McAuliffe.

So now a deep recession is a financial collapse? Someone forgot to tell all those people buying flat screen TVs and smartphones. Oh yeah, all those occupy loozars who were out buying their $5,000 MacBook Pros didn't get the financial collapse memo, either.

12 posted on 04/30/2012 8:12:53 AM PDT by Dahoser (Separation of church and state? No, we need separation of media and state.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
“If you go back 500 years, whenever a country’s financial system collapses, it takes between five and 10 years to get back to full employment,” Clinton said...

I see the blowhard's at it again. We haven't had a financial system collapse, and to suggest that it's even on par with any of the major ones in the last two hundred years is a joke. The Ottoman Empire was essentially seized by its creditors and divided up, we won't even get in to how Russia fared after incurring a 50 billion ruble debt in WWI, or the hyperinflation in the Weimar government of Germany after that same war. Let me know when those Occupy idiots can't get into the parks to protest because they're full of people starving to death. Then I'll start comparing the current apples to those old ones.
13 posted on 04/30/2012 8:13:36 AM PDT by Renderofveils (My loathings are simple: stupidity, oppression, crime, cruelty, soft music. - Nabokov)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dilbert San Diego

EU entering recession, Japan in stagnation and China growth dropping by 50 percent. So where is the US planning to export all their products? Central banks all will print more paper money causing more inflation in US killing our buying power thus the middle class. Otherwise every nation will enter deflation which will kill the bank assets as price of houses, etc drop. Since the entire world system is held together by loans with printed money, or currency swaps and at the sametime banks have highly leveraged derivatives over their heads while the governments have deficits and unfunded liabilities over their heads, there is not much wiggle room if a Black Swan event occurs.


14 posted on 04/30/2012 8:14:16 AM PDT by Fee
[ Post Reply | Private Reply | To 2 | View Replies]

To: Dilbert San Diego
Why did Bill mention a 500 year time line??? What’s that all about???????

I'm totally serious when I say this:

1492. Pretty much 500 years ago. Everything changed then. Gold and silver from the New World started pouring into Europe. Banking took off. Commerce began to be more important than agriculture. Politics changed. The Middle Class started forming. The aristocracy became powerful, yes, but also prone to revolution. If you think you are a member of the Elite, you don't like that.

The Progressives want to take us back to a manorial system where they are the Lords up in the castle, and we are peasants laboring in the fields. They are building a pre-1492 world.

Again, I'm totally serious. Most of the Left may not fully realize their own motivation, but some of them do. Clinton gets it.

15 posted on 04/30/2012 8:15:21 AM PDT by ClearCase_guy (Like Emmett Till, Trayvon Martin has become simply a stick with which to beat Whites.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Sub-Driver

The 2008 financial crisis was hardly a collapse by historical standards. The real collapse is yet to come.


16 posted on 04/30/2012 8:15:57 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Amazing that when Democrats are in charge of the government it takes “.. five and 10 years to get back to full employment ...” Hence the abysmal record of FDR and his “New Deal” which took nine to ten years and a global war to get back to full employment—most of America’s men were employed fighting the Germans and the Japanese abroad.

Actually Slick Willie should be congratulated for bringing this to our attention. It provides good guidance for US voters in 2012. Any fool voting for Obummer should expect many more years of high unemployment.


17 posted on 04/30/2012 8:18:19 AM PDT by RightWingConspirator (Obamanation--the most corrupt regime since Robert Mugabe's Zimbabwe)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sooth2222
The 2008 financial crisis was hardly a collapse by historical standards. The real collapse is yet to come.

Agreed. 2008 was the wobble in the wheels letting us know the alignment in the car is off.
18 posted on 04/30/2012 8:20:44 AM PDT by Renderofveils (My loathings are simple: stupidity, oppression, crime, cruelty, soft music. - Nabokov)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Dilbert San Diego

He must be on the nose candy again.


19 posted on 04/30/2012 8:24:12 AM PDT by Vaduz
[ Post Reply | Private Reply | To 2 | View Replies]

To: RightWingConspirator
Any fool voting for Obummer should expect many more years of high unemployment.

Exactly.

So what is Slick Willie saying?

Vote for Zero, but don't actually expect anything from him? Just float downstream and let him manage the decline?

20 posted on 04/30/2012 8:27:16 AM PDT by THX 1138 ("Harry, I have a gift.")
[ Post Reply | Private Reply | To 17 | View Replies]

To: Sub-Driver

He has a nose like a vacuum cleaner.


21 posted on 04/30/2012 8:29:02 AM PDT by IbJensen ( I'm supposed to be more angry about what Mitt Romney does with his money than what 0 does with mine)
[ Post Reply | Private Reply | To 1 | View Replies]

To: laweeks

beekeeper


22 posted on 04/30/2012 8:29:27 AM PDT by wideminded
[ Post Reply | Private Reply | To 6 | View Replies]

To: Sub-Driver

The Richard the Lionhearted recession?


23 posted on 04/30/2012 8:30:39 AM PDT by chuckee
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Rutherford B. Hayes’s fault!


24 posted on 04/30/2012 8:32:51 AM PDT by NeoCaveman ("If I had a son he'd look like B.O.'s lunch" - Rin Tin Tin)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

I don’t understand why he’s propping up obama. He didn’t pursue socialist policies and the economy was fairly decent under his administration.


25 posted on 04/30/2012 8:34:45 AM PDT by jersey117
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
Bill Clinton says economic recovery ahead of pace

Bill...just go back into the bathroom with Monica and shut up!!

26 posted on 04/30/2012 8:37:52 AM PDT by GoldenPup (Comrade "O" has got to GO!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jersey117
He didn’t pursue socialist policies

Really?


27 posted on 04/30/2012 8:38:25 AM PDT by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Sub-Driver

No reasonable person would pay any attention to Mr. Clinton.

This guy was getting sexual favors from a 19 year old - in his office - while IN office.

He lied under oath, and then got disbarred for five years.

Now, if your neighbor had done all that, would you pay any attention to what he said - at anytime?

On the other hand, I did write “reasonable person.”


28 posted on 04/30/2012 8:40:11 AM PDT by RexBeach (Mr. Obama Can't Count.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

The economy didn’t collapse, the housing bubble burst in an engineered crisis managed by Chris Dodd and Barney Frank. This would have been a short-term blip if the democrats hadn’t jumped in with both left feet to milk a “crisis” for political gain.

These clowns screwed the pooch and want to look like heroes because they found homes for the puppies.


29 posted on 04/30/2012 8:44:36 AM PDT by muir_redwoods (I like Obamacare because Granny signed the will and I need the cash)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dfwgator

Didn’t Newt get welfare reform passed?


30 posted on 04/30/2012 8:45:05 AM PDT by jersey117
[ Post Reply | Private Reply | To 27 | View Replies]

To: jersey117

Clinton only appeared to be moderate, because the Republicans forced him to be moderate.....Monica-gate made him lose a lot of leverage he would have had otherwise to advance the progressive agenda. I’m glad he was impeached, but I am also glad he stayed in office, and avoided us getting stuck with “President” Gore.


31 posted on 04/30/2012 8:47:18 AM PDT by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Sub-Driver
500 years ago?!?!?! LOL. Sounds like Bill is fondly thinking of the days of Henry VIII, who got to sleep with pretty much whoever he wanted to.
32 posted on 04/30/2012 8:48:55 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: wideminded
beekeeper

Not sure what you mean! Please 'splain!

33 posted on 04/30/2012 9:06:29 AM PDT by laweeks
[ Post Reply | Private Reply | To 22 | View Replies]

To: wideminded
beekeeper

Not sure what you mean! Please 'splain!

34 posted on 04/30/2012 9:08:07 AM PDT by laweeks
[ Post Reply | Private Reply | To 22 | View Replies]

To: Sub-Driver

Ah, re-writing history to establish a new normal. Sadly, the sheeple will be fooled as they flip their clicker to see who got kicked off the island or is winning the race!


35 posted on 04/30/2012 9:09:00 AM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
What a bizarre comparison.

500 years ago (1500 A.D.) land was the primary measure of wealth, economies were agricultural, governments were kingdoms or city-states, central banking had only existed in Rome under the Knights Templar, and business banking did not yet exist.

There was nos such thing as the Business Cycle. Instead of periodic economic downturns, the more likely economic issues would have been periodic droughts and plagues.

36 posted on 04/30/2012 9:27:16 AM PDT by magellan
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

“I DID NOT HAVE SEX WITH THAT WOMAN... MIZZ LEWINSKY”. FU bill... YOU ARE A LYING MF’ER... FU bill... and your ugly daughter and your lesbian wife!

LLS


37 posted on 04/30/2012 9:52:45 AM PDT by LibLieSlayer (Pray hard and often!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: laweeks

As I recall Sir Edmund Hillary made a living from bees rather than sheep. :)


38 posted on 04/30/2012 9:55:41 AM PDT by wideminded
[ Post Reply | Private Reply | To 33 | View Replies]

To: Sub-Driver

500 years?

When advanced technology was a hammer?
When kings rules their serfs?


39 posted on 04/30/2012 10:00:21 AM PDT by School of Rational Thought (Fun for women ages 21 through 35)
[ Post Reply | Private Reply | To 1 | View Replies]

To: wideminded
As I recall Sir Edmund Hillary made a living from bees rather than sheep. :)

So Hilderbeast was named after a bee keeper? Maybe he was a beekeeper who fed his sheep honey! :(

40 posted on 04/30/2012 10:09:18 AM PDT by laweeks
[ Post Reply | Private Reply | To 38 | View Replies]

To: Sub-Driver
I can't believe that the Democrats are politicizing the economy. I'm stuuned.
41 posted on 04/30/2012 10:36:05 AM PDT by MaxMax
[ Post Reply | Private Reply | To 1 | View Replies]

To: ryan71
We don't have a clue what a real collapse is.

Yes, we did not have food riots, and a lot of bloodshed, which is what I think we will have in a REAL economic collapse.

42 posted on 04/30/2012 11:31:06 AM PDT by Mark17 (California, where English is a foreign language)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Sub-Driver

Recovery will certainly take time. Don’t know how much time. Do know when it will start: when B Hussein leaves.


43 posted on 04/30/2012 11:44:23 AM PDT by Grampa3711 (Some people bring happiness wherever they go; others, whenever.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson