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Reply #: Bush, sure, but Gramm, Clinton, and Obama, too. [View All]

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-12-13 02:21 AM
Original message
Bush, sure, but Gramm, Clinton, and Obama, too.
Edited on Mon Aug-12-13 02:36 AM by No Elephants
Clinton strong-armed Democrats re: repeal of Glass Steagall, which Phil Gramm had brought to Clinton and Congress straight from the lobbyists for the banksters. (I don't know about Leach and Blilely, but Clinton, who, btw, once said the nation needs lobbyists, may just be the smartest man I have ever heard speak. He had to have known what was going on.)

Before Obama even took office, he okay'd Tarp II. (Boy, did the dumb ole Bush team outsmart the slick Obama team by by saying he would not release Tarp II unless and until then President Elect Obama okay'd it. Or maybe it was all kabuki, agreed between the two political parties, so neither one would take the full hit with voters--who knows?)

Next, Obama did not even attempt to use the economic collapse of 2008, the large Democratic majorities, his big 2008 win and public approval--a very unique moment-- to repeal the Bush tax cuts and take other measures that would have shored up the economy for the benefit of the 99%. Not only did he not do that, but he gave us the Obama tax cuts just before the Bush tax cuts expired

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