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Clinton is the one that Championed this bill with the Democrats. Clinton is the one that got the Democrats to vote for it.
You are hiding from the facts:
#1 Clinton's administration said that they would support such a law years before the bill was written.
#2 Once written, Clinton rallied Democrats to support it.
#3 Clinton was "proud" to sign this bill into law.
Bill Clinton is as much responsible for the creation of this law as the authors of it. He championed the bill, he "rallied the (democratic) troops around the bill."
Please think before you respond. No mindless knee-jerk Democrats are always right all the time response. Please provide an intellectual response to the specifics above 1-3. How can a man that is pushing a bill to become a law not be held responsible for the bill becoming a law.
Clinton promoted this bill every step of the way...it is his as much as the authors.
Don't you think that it is sad that you and so many Americans in both parties are partisan to the point where it is okay to be irrational as long as you point the finger at the other party?
Clinton redlined and edited the bill, and sent it back to Congress for passage. It was passed with his edits; Clinton then signed it into law.
Surge In Older Workers Continues
Among current seniors, more than 16 percent were still in the labor force in 2010. That's up from about 12 percent in 1990. In demographic terms, a shift of four percentage points in only 20 years is a big deal. The trend continued in 2011, the bureau said, rising slightly to 16.2 percent.
All the trends show they will work longer. However, in ref to LPR it isn't needed and only confuses the issue.
You can't say that BBs have the biggest effect on LPR, when they are reduced only 26% vs the other group of 74%. Graying LPR with SS and the other subjects only confuses the issue. SS isn't even directly relevant. You can claim SS and work many do. To discuss LPR you simply look at the numbers that have been used in LPR. Clearly the under 55's are where the biggest reduction is.
Clinton redlined and edited the bill, and sent it back to Congress for passage. It was passed with his edits; Clinton then signed it into law.
Clinton owns the Financial Reform Act of 1999.
Not to mention that as a part of this, Clinton threatened to veto the bill if they included anything that would reduce minority lending requirements. Clinton believed it was wise to force institutions to give out 'high risk' loans to people who weren't likely to be able to pay them back...in the name of "fairness" to minorities.
Hmmm...I wonder if this helped the housing market bubble grow???
So Clinton:
1) Asked for this type of law years in advance.
2) Helped edit the bill.
3) Encouraged the continuation of high risk loans to promote fairness to minorities.
4) Rallied Democrats to support the bill.
5) Was "proud (his word choice)" to sign the bill into law.
.....and some people are so partisan they have become brain dead to the point where they refuse to give Clinton any blame for the law.
Not to mention that as a part of this, Clinton threatened to veto the bill if they included anything that would reduce minority lending requirements. Clinton believed it was wise to force institutions to give out 'high risk' loans to people who weren't likely to be able to pay them back...in the name of "fairness" to minorities.
Hmmm...I wonder if this helped the housing market bubble grow???
So Clinton:
1) Asked for this type of law years in advance.
2) Helped edit the bill.
3) Encouraged the continuation of high risk loans to promote fairness to minorities.
4) Rallied Democrats to support the bill.
5) Was "proud (his word choice)" to sign the bill into law.
.....and some people are so partisan they have become brain dead to the point where they refuse to give Clinton any blame for the law.
Hmmm...I wonder if this helped the housing market bubble grow???
So Clinton:
1) Asked for this type of law years in advance.
2) Helped edit the bill.
3) Encouraged the continuation of high risk loans to promote fairness to minorities.
4) Rallied Democrats to support the bill.
5) Was "proud (his word choice)" to sign the bill into law.
.....and some people are so partisan they have become brain dead to the point where they refuse to give Clinton any blame for the law.
I would say going back to GB senior every pres has exponentially accelerated where we are now. It has been truly bi-partisan. The Pres is only the CEO though. However, Clinton certainly was interesting in his contributions. Can't forget the internet which was very beneficial, but also greatly enhanced the global administration and expansion of all of this.
Quote:
Originally Posted by CDusr
Big leaps in the recent bubble blowing.
Interesting when you look at human resources and changes in the 90's along with major changes in global markets, i.e. derivatives via Gramm–Leach–Bliley Act (Also known as Financial Services Modernization Act of 1999), Commodity Modernization Act,(2000)etc... First comes the "public" internet around 1995 then the market changes then from around 2000 to fairly recently -33% manufacturing outsourcing.
I would say going back to GB senior every pres has exponentially accelerated where we are now. It has been truly bi-partisan. The Pres is only the CEO though. However, Clinton certainly was interesting in his contributions. Can't forget the internet which was very beneficial, but also greatly enhanced the global administration and expansion of all of this.
Yes both parties played into the economic mess.
Clinton certainly is as much to blame with China WTO, repeal of Glass-Stegal, collapse of NASDAQ, left a recession forming for GWB, NAFTA, Mortgage policies, etc...
I would say going back to GB senior every pres has exponentially accelerated where we are now. It has been truly bi-partisan. The Pres is only the CEO though. However, Clinton certainly was interesting in his contributions. Can't forget the internet which was very beneficial, but also greatly enhanced the global administration and expansion of all of this.
You really don't understand Glass-Steagall, do you? Did you ever read the law? Because only someone who doesn't understand why Glass-Steagall was enacted in the first place, and what the repeal of key parts thereof meant, would suggest it went prior to Clinton.
I recommend you go read up on it, and then come back.
(And btw, reading the gibberish on Wikipedia won't suffice.)
You really don't understand Glass-Steagall, do you? Did you ever read the law? Because only someone who doesn't understand why Glass-Steagall was enacted in the first place, and what the repeal of key parts thereof meant, would suggest it went prior to Clinton.
I recommend you go read up on it, and then come back.
(And btw, reading the gibberish on Wikipedia won't suffice.)
You don't seem to understand my post.
I am not suggesting GLB was prior to Clinton? Where are you getting that? Clinton was most certainly key.
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