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

Skip to comments.

The House that Clinton/Gore Built
July 23, 2002 | Tom Phillips

Posted on 07/23/2002 3:45:22 PM PDT by tbphillips

The House that Clinton/Gore Built



TOPICS: Business/Economy; Editorial; News/Current Events; Political Humor/Cartoons
KEYWORDS: algore; business; corporatescandal; dow; economy; elections; fraud; nasdaq; republicans; stockmarket
Navigation: use the links below to view more comments.
first 1-5051-83 next last

Needless to say, our current economy with its corporate scandals and subsequent bankruptcies is largely the result of things that occurred during the Clinton/Gore era. People invested in companies with no profit, or worse, no profit potential. P/E (price/earnings) ratios did not accurately reflect the true value of stocks for legitimate enterprises due to accounting “shell-games”. The Justice Department rubber-stamped more corporate mergers (some a bit questionable) than occurred during the Reagan era (a.k.a. the, Decade of Greed) thus turning a single bad organization into several. An economic downturn with the necessary stock-market correction was inevitable but the expected occurrences were greatly exacerbated by the aforementioned as well as the attacks on 09/11/02.

Notwithstanding, I am not so naïve as to conclude that but for George Bush’s electoral victory we would not have suffered an economic downturn, as Democrats would have us believe. Although I sometimes feel like the only person who noticed it, the market decline began in March 2000 when President “I did not have sexual relations with that woman” and Vice-President “No controlling legal authority” were in office. While the market is not the most reliable economic indicator, it became painfully obvious that this decline would trigger a ripple effect in the economy at large once people realized that they owned stocks with no real value.

Our Gross Domestic/Gross National Product is partially dependent upon the value of assets held by the citizenry. Therefore, once the market began to correct for the “irrational exuberance” of the 1990’s the true value of market holdings were brought to light. The biggest hits came from those issues tied into employee 401k accounts, those foolishly used as collateral and those that were reflected in private and corporate portfolios as a portion of net-worth.

Clinton and Gore understandably took credit for the market increase which as everyone now knows, was a “snake-oil” market, yet today they and their accomplices in the Democratic Party want us to believe that the decline is the fault of Republicans generally, George Bush and Dick Cheney specifically. The fact remains however that this market melt-down is part and parcel of the house that Clinton/Gore built.

**********

1. This is the house that Clinton/Gore built (Bull market of the 1990’s)

2. These are the companies that grew in the house that Clinton/Gore built (Enron, Worldcom, Adelphia, Global Crossing, Arthur-Anderson, etc.)

3. These are the crooks that ran the companies that grew in the house that Clinton/Gore built (Tom Lay, Bernard Ebbers, John Rigas, John Legere, Joseph Berardino, etc.)

4. These are the people who got screwed (employees with 401k’s and other stock-holders) by the crooks that ran the companies that grew in the house that Clinton/Gore built

5. This is Al Gore who should be blamed for the people who got screwed by the crooks that ran the companies that grew in the house that Clinton/Gore built

6. This is George Bush who will be blamed by Al Gore who should be blamed for the people who got screwed by the crooks that ran the companies that grew in the house that Clinton/Gore built

7. These are the Republicans (House/Senate) who do not respond when George Bush is blamed by Al Gore who should be blamed for the people who got screwed by the crooks that ran the companies that grew in the house that Clinton/Gore built

8. These are the Democrats (House/Senate) who will benefit because Republicans do not respond when George Bush is blamed by Al Gore who should be blamed for the people who got screwed by the crooks that ran the companies that grew in the house that Clinton/Gore built

9. We are the people (the American public) who will ultimately get screwed by the Democrats who will benefit because Republicans do not respond when George Bush is blamed by Al Gore who should be blamed for the people who got screwed by the crooks that ran the companies that grew in the house that Clinton/Gore built

1 posted on 07/23/2002 3:45:22 PM PDT by tbphillips
[ Post Reply | Private Reply | View Replies]

To: tbphillips
OH yeah!! bump
2 posted on 07/23/2002 3:46:33 PM PDT by timestax
[ Post Reply | Private Reply | To 1 | View Replies]

To: tbphillips
ping
3 posted on 07/23/2002 3:52:39 PM PDT by sauropod
[ Post Reply | Private Reply | To 1 | View Replies]

To: tbphillips
I honestly believe that when we look back with clear and sober eyes at the nineteen-nineties, they will be remembered as

"The Decade of Fraud(s)..."

4 posted on 07/23/2002 4:10:05 PM PDT by backhoe
[ Post Reply | Private Reply | To 1 | View Replies]

To: tbphillips
Pretty catchy. I'd like to see your post in picture book form, too.

Clinton would ask...."Why are folks getting upset about a few mis-statements by corporate leaders and their bankers?!?"

5 posted on 07/23/2002 4:23:38 PM PDT by syriacus
[ Post Reply | Private Reply | To 1 | View Replies]

To: backhoe
bump for the disgusting fruit of the ever-more-despicable eight-year reign of the Disgraced, Impeached, alleged serial rapist, x-President "42DDD" Bubba J. Clintoon (aka Clintigula) and his co-President "Pig in a Pants suit" Rodham Clintoon (aka Hildabeast).

May the horrid memory of these cretins be despised long after their stain is cleansed from America.

6 posted on 07/23/2002 4:30:44 PM PDT by RobFromGa
[ Post Reply | Private Reply | To 4 | View Replies]

To: RobFromGa
Hello, Rob... you know, for the eight years that awful pair and their minions and shills and enablers held sway over America, I mourned.

I really thought that the "Good America" I had grown up in had died. I should amend that a little- the first year the slug was in office, I just thought he was a clown with no loyalty to his subordinates ( a despicable trait, in my book ) and too glib a tongue.

But I learned better as he started insinuating his tentacles into American's fabric.

7 posted on 07/23/2002 4:38:17 PM PDT by backhoe
[ Post Reply | Private Reply | To 6 | View Replies]

To: tbphillips
"...The fact remains however that this market melt-down is part and parcel of the house that Clinton/Gore built..."

BUMP!

8 posted on 07/23/2002 4:38:21 PM PDT by Pagey
[ Post Reply | Private Reply | To 1 | View Replies]

To: tbphillips
While I agree with most of what you have said in your vanity post you did not go far enough in time. what has GWB been doing for his first 17 months in office. By his own declaration he said the economy was tanking during his election campaign. Yet he did not get actively involved in the ecoomy until 2 weeks ago. his appointments, Paul O'neill, Harvey Pitt and Larry _____ have all been disasters. Yet he refuses to admit a mistake and to make corrections. Can he not take criticism. He has not fired one of them and has indicated that he has no such plans. This is despite the general public and polls taken show no faith in any of them. If a leader cannot instill public confidence he is not a leader and should be replaced. Going further, it seems that GWB had been obsessed with terrorism long after public polls indicated that the economy was greatest worry on the minds of the general public. Even now, he is trying to ram the Iraqi war down our throats when many republicans and most dems feel the administration has not made a sufficient case to go to war.
9 posted on 07/23/2002 4:40:45 PM PDT by richwolo
[ Post Reply | Private Reply | To 1 | View Replies]

To: tbphillips
3. These are the crooks that ran the companies that grew in the house that Clinton/Gore built (Tom Lay, Bernard Ebbers, John Rigas, John Legere, Joseph Berardino, etc.)

Ken Lay

10 posted on 07/23/2002 4:41:59 PM PDT by lonestar
[ Post Reply | Private Reply | To 1 | View Replies]

To: Pagey
your statement may be true but does that mean that GWB does not have the responsibility to fix the mess.
11 posted on 07/23/2002 4:42:41 PM PDT by richwolo
[ Post Reply | Private Reply | To 8 | View Replies]

To: richwolo
"Going further, it seems that GWB had been obsessed with terrorism long after public polls indicated that the economy was greatest worry on the minds of the general public."

Would you prefer he operate a la the Clinon/Morris model,or actually lead the general public?
12 posted on 07/23/2002 4:49:19 PM PDT by John W
[ Post Reply | Private Reply | To 9 | View Replies]

To: John W
Thats ClinTon/Morris model.The one that gave us:"Well,we'll just have to win then."
13 posted on 07/23/2002 4:51:45 PM PDT by John W
[ Post Reply | Private Reply | To 12 | View Replies]

To: tbphillips; backhoe
You've both nailed it. Unfortunately, the US public has the memory and analytical powers of a flea, and will buy the "greedy Republican CEO's" canard with the same eagerness Monica did bent Willy.
14 posted on 07/23/2002 4:52:24 PM PDT by Argus
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W
We do live in a democracy and the will of the people should be upheld.
15 posted on 07/23/2002 4:55:35 PM PDT by richwolo
[ Post Reply | Private Reply | To 12 | View Replies]

To: tbphillips
Blame Bubba!!!!
16 posted on 07/23/2002 5:01:31 PM PDT by Zeroisanumber
[ Post Reply | Private Reply | To 1 | View Replies]

To: richwolo
We are actually the second selection below,even though it doesn't seem so sometimes---

DEMOCRACY:
A government of the masses.
Authority derived through mass meeting or any other form of "direct" expression.
Results in mobocracy.
Attitude toward property is communistic-negating property rights.
Attitude toward law is that the will of the majority shall regulate, whether it be based upon deliberation or governed by passion, prejudice, and impulse, without restraint or regard to consequences.
Results in demagogism, license, agitation, discontent, anarchy.

REPUBLIC:
Authority is derived through the election by the people of public officials best fitted to represent them.
Attitude toward property is respect for laws and individual rights, and a sensible economic
procedure.
Attitude toward law is the administration of justice in accordance with fixed principles and established evidence, with a strict regard to consequences.
A greater number of citizens and extent of territory may br brought within its compass.
Avoids the dangerous extreme of either tyranny or mobocracy.
Results in statesmanship, liberty, reason, justice, contentment and progress.
Is the "standard form" of government throughout the world.
17 posted on 07/23/2002 5:02:35 PM PDT by John W
[ Post Reply | Private Reply | To 15 | View Replies]

To: Argus
You've both nailed it. Unfortunately, the US public has the memory and analytical powers of a flea, and will buy the "greedy Republican CEO's" canard with the same eagerness Monica did bent Willy.

That's because the STUPID PARTY always sits back like a bunch of wimps and let the democrats attack
18 posted on 07/23/2002 5:10:14 PM PDT by uncbob
[ Post Reply | Private Reply | To 14 | View Replies]

To: Argus
I sure won't argue with you... a friend of mine has a neighbor so dam' dumb he almost sawed himself off a tree limb... just like you see in the movies- him, saw, tree limb, bole of the tree... he goes on the outside of the limb and starts sawin' away...

He did realize what was about to happen and quickly switched sides- but what really scared me about that was that this dolt's vote counts just as much as mine...

19 posted on 07/23/2002 5:16:16 PM PDT by backhoe
[ Post Reply | Private Reply | To 14 | View Replies]

To: John W
...Seems we had 8 years of a democracy. Let's hope we can get back to being a Constitutional Republic...
20 posted on 07/23/2002 5:17:47 PM PDT by gargoyle
[ Post Reply | Private Reply | To 17 | View Replies]

To: backhoe
Ouch, I hate it when that happens.
21 posted on 07/23/2002 6:13:23 PM PDT by Argus
[ Post Reply | Private Reply | To 19 | View Replies]

To: tbphillips
Love it!

It is Dick Cheney who should remind the people that the democrats and the press hounded him until he sold at a loss most of his oil holdings when it should be Al Gore who should be blamed for holding onto his Occidental Oil stock while the people got blindsided by the press and media while they were getting screwed by Bill and Al.

22 posted on 07/23/2002 6:25:43 PM PDT by yoe
[ Post Reply | Private Reply | To 1 | View Replies]

To: richwolo
We do live in a democracy. . .

No, we don't.

23 posted on 07/23/2002 6:28:54 PM PDT by rdb3
[ Post Reply | Private Reply | To 15 | View Replies]

To: tbphillips; Native American Female Vet
**Mega Bump**
24 posted on 07/23/2002 7:41:12 PM PDT by TwoStep
[ Post Reply | Private Reply | To 1 | View Replies]

To: tbphillips
Great!! One word of advice - put on your asbestos suit because the DU contingent will be spewing their anti Bush flames very soon.

Hang in there.

25 posted on 07/23/2002 7:50:58 PM PDT by zip
[ Post Reply | Private Reply | To 1 | View Replies]

To: tbphillips
Great piece, tb! Short, succinct, to the point.

Keep that front shoulder locked in and keep knocking them out of the park, my friend.

26 posted on 07/23/2002 8:20:03 PM PDT by rdb3
[ Post Reply | Private Reply | To 1 | View Replies]

To: tbphillips
Somebody better go to jail soon.
27 posted on 07/23/2002 8:25:35 PM PDT by LarryLied
[ Post Reply | Private Reply | To 1 | View Replies]

To: richwolo
"We do live in a democracy and the will of the people should be upheld."

I agree the will of the people should be upheld, however, the reason we elect people we trust to do a good job is to LET THEM DO A GOOD JOB. You and I and Joe Schmoe don't have the info that GWB and the other top guys have; we need to let them analyze the info and act rather than expecting them to do a Klintoon act and appease the masses who have voted in some stupid poll!
28 posted on 07/23/2002 8:54:56 PM PDT by Chu Gary
[ Post Reply | Private Reply | To 15 | View Replies]

To: lonestar
bump
29 posted on 07/24/2002 7:22:11 AM PDT by timestax
[ Post Reply | Private Reply | To 10 | View Replies]

To: yoe
bump
30 posted on 07/24/2002 11:44:26 AM PDT by timestax
[ Post Reply | Private Reply | To 22 | View Replies]

To: richwolo
Of course he has that responsibility,and George W. Bush is proud to step up and own that responsibility too,and the markets will come back all in due time.
31 posted on 07/24/2002 2:33:47 PM PDT by Pagey
[ Post Reply | Private Reply | To 11 | View Replies]

To: timestax
bump
32 posted on 07/25/2002 11:22:51 AM PDT by timestax
[ Post Reply | Private Reply | To 30 | View Replies]

To: LarryLied
Somebody better go to jail soon.

I don't know his name, but I think the Adelphia Communications guy was actually arrested yesterday. They even showed him being shoved into the car guy almost like an ordinary street punk would be. All we need now is for his ass to get convicted and sentenced.

33 posted on 07/25/2002 11:33:22 AM PDT by jpl
[ Post Reply | Private Reply | To 27 | View Replies]

To: jpl
His name is John Rigas.
34 posted on 07/25/2002 1:32:56 PM PDT by tbphillips
[ Post Reply | Private Reply | To 33 | View Replies]

To: zip
bump
35 posted on 07/27/2002 11:43:28 AM PDT by timestax
[ Post Reply | Private Reply | To 25 | View Replies]

To: timestax
tbphillips didn't get flamed as badly as I thought he would. Maybe we caught them asleep. lol
36 posted on 07/27/2002 12:32:55 PM PDT by zip
[ Post Reply | Private Reply | To 35 | View Replies]

To: zip
bump
37 posted on 07/27/2002 7:15:06 PM PDT by timestax
[ Post Reply | Private Reply | To 36 | View Replies]

To: tbphillips
That is great! Nothing's more profound than the truth.
38 posted on 07/27/2002 7:26:38 PM PDT by Jorge
[ Post Reply | Private Reply | To 1 | View Replies]

To: tbphillips
bump
39 posted on 07/28/2002 3:44:25 PM PDT by timestax
[ Post Reply | Private Reply | To 1 | View Replies]

To: timestax
bump
40 posted on 07/30/2002 8:02:04 AM PDT by timestax
[ Post Reply | Private Reply | To 39 | View Replies]

To: richwolo
bump
41 posted on 07/30/2002 8:02:54 AM PDT by timestax
[ Post Reply | Private Reply | To 11 | View Replies]

To: timestax
bump
42 posted on 07/30/2002 10:09:57 PM PDT by timestax
[ Post Reply | Private Reply | To 41 | View Replies]

To: tbphillips
Excellent!
43 posted on 07/30/2002 10:14:18 PM PDT by doug from upland
[ Post Reply | Private Reply | To 1 | View Replies]

To: richwolo
bump
44 posted on 07/31/2002 8:41:56 AM PDT by timestax
[ Post Reply | Private Reply | To 9 | View Replies]

To: jpl
bump
45 posted on 07/31/2002 4:09:18 PM PDT by timestax
[ Post Reply | Private Reply | To 33 | View Replies]

To: timestax
bump
46 posted on 11/20/2002 10:44:27 PM PST by timestax
[ Post Reply | Private Reply | To 41 | View Replies]

To: timestax
bump
47 posted on 11/21/2002 1:21:42 PM PST by timestax
[ Post Reply | Private Reply | To 46 | View Replies]

To: tbphillips
bump
48 posted on 11/23/2002 1:47:14 PM PST by timestax
[ Post Reply | Private Reply | To 1 | View Replies]

To: timestax
bump
49 posted on 11/23/2002 2:17:24 PM PST by timestax
[ Post Reply | Private Reply | To 48 | View Replies]

To: timestax
bump
50 posted on 11/23/2002 4:39:51 PM PST by timestax
[ Post Reply | Private Reply | To 49 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-83 next last

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