Damage already done. though
It's ALWAYS about Billy Bob and the redemption of his legacy.
Lest Americans ever forget why the clintons, and all their enablers need to be hectored, hounded, and harried into silence, until "clintonese is only spoken in Hell," look here:
The Holiday *Best* of Bill Clinton & his Friends!
-Some old strange clinton "stuff"--
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Yeah, right! Indirectly, that's all he has been doing since he left office. The scumbag can't help himself.
Do a google search and get more information. Yeah, the repubs were in the majority but they needed the help of the demos to pass and veto bills.
In 1993, 88 senators led by Connecticut Democrat Joseph Lieberman thwarted the expensing of stock options. (And he is in charge of the investigations?)
In 1995, nearly half of senate democrats and 89 house democrats helped enact a law (er Clinton's veto) that hindered agrrieved investors' efforts to win lawsuits agisnt firms and auditors that may have misled them. The law also eased penalties on misbehaving CEOS. A prime backer was Connecticut democratic senator Christopher Dodd, an accountng industry favorite and cochairman of the national party.
In 2000, many key democrats went against SEC Levitt whe he sought to end the big accounting firms; practice of consulting for lucrative fees with companies on business strategy while auditing their books in a supposedly objective manner. New Jersey democrats Sen. Robert Torricelli (himself under investigation for fraud) helped the GOP erect roadblocks, including threats to slash Levitt's budget. AT an ARthur Andersen's hearing, Torricelli told Levitt, "We were wrong, you were right."
In 2002, Democaratic chairman, acquired his GlobalCrossing stock before he firm went public, with an assist from frounder Gary Winnick. The belief is that McAuliffe got this perk b/c of his ties to President Clinton.
I'm tellin Mom!
The beauty of it is that his legacy is that of a liar. Whatever he says means nothing. That the current state of the market finds its origin under his watch is known and understood by most. As to the Clymers at the Fishwrap of Record, aka Gray Whore for the DNC, *spit*. A continuing pox on their dishonest house....
Yeah, there's a surprise.
Instead, he chided Republicans, who he said had blocked his administration's efforts to, among other things, bar accounting firms from working as auditors and consultants for the same companies.
If only we had listened to you, O Wise One, all would be well.
I'm so tired of the theory that deficits cause interest rates to rise. Reagan ran deficits and interest rates fell during his 8 years in office. After Clinton raised taxes, interest rates rose. Why does stealing (taxing) the peoples money to "pay off" the deficit lower rates? The theory is the government is competing in the market to borrow money. The more the government borrows, the higher the rates will go. If the government instead takes the money, instead of borrowing it, how does that increase the supply of funds and lower rates.
Whenever Rubin or other Dem's say that it drives me crazy.What a bunch of economic know-nothings.
Strange the biased NY Times can't even mention what Buffet wrote and was published yesterday in their same newspaper:
he ALMOST got Osama, too!