By Robert Scheer.
Bill Clinton bears as much responsibility as any politician for the worst economic crisis since the Great Depression, and the wild applause for his disingenuous speech at the Democratic National Convention last week is a sure sign of the poverty of what passes for progressive politics.
Do those convention delegates, and the fawning media that were wowed by the former president's rhetorical seductions, not recall that just before he left office Clinton signed off on the game-changing legislation that ended the sensible rules imposed on Wall Street during the Great Depression? It was Clinton who cooperated with the Republicans in reversing the legacy of FDR's New Deal, opening the floodgates of unfettered avarice that almost drowned the world's economy during the reign of George W. Bush.
How convenient to ignore the Financial Services Modernizat
Tags: Barack Obama, Bill Clinton, Mitt Romney, Financial Crisis, The Bailouts, Democrats, Politics, Republicans, 2012 Republican Convention, 2012 Democratic National Convention, Clinton Speech, Glass-Steagall Act, Obama Geithner, Obama Wall Street
Location: United States (load item map)
Views: 1480 | Comments: 15 | Votes: 2 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
|Liveleak on Facebook|