Introduction: "Fourteen million Americans remain out of work, a waste of our greatest resource. The 42nd president has more than a dozen ideas on how to attack the jobs crisis. Next week in Chicago, the Clinton Global Initiative will focus on America for the first time, inviting business and political leaders to make specific commitments in support of the former president's jobs blueprint, which he details below."
Former President Bill Clinton has a 'jobs blueprint' to help put Americans back to work. (photo: Andrew Hetherington/Newsweek)
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Maybe you would like to talk to the mom and pop businesses You signed into a death sentence like mine. But then so many of them are dead, had to sell and are now in Nursing Homes...
Yes, let's make the Clintons and other Countries Richer
http://www.truthdig.com/report/item/clinton_in_deep_denial_20110621/
He notes that in Clinton's memoir of 2004 he was still praising Robert Rubin (Goldman Sach's mole at Treasury) as the greatest Sec. of Treasury since Alex Hamilton. This is Clinton's duplicity. He talks nice but hires real thugs to destroy the US economy.
You damn near killed our economy. And THAT was stupid.
#12 Lower Corporate Tax Rates is right out of the neo-con or neo-liberal playbook. Corporations already pay only about 4% of taxes collected by government even though they account for more than 50% of income. Corporations are legal persons; they should at least pay the same taxes as natural persons. Think about it -- corporations get to pay taxes on their NET income. Almost everything they do is tax deductible. Humans pay tax on their gross income with a few minor tax deductions.
I'm sure Robert Reich will respond to this load of crap from Clinton. He will say that we need to go back to the tax rates of the 50s and 60s -- 90% tax on all income over $15 million. Same for individuals and corporations, no matter the source of income (earned or investment).
Bill Clinton is the same old idiot he has always been.
Bill Clinton is very intelligent - sometimes he even outsmarts himself.
BC is a psychopath - person without conscience - loves power and MONEY.
His "reform" of welfare is the classic.
Robert Reich has a conscience and wisdom - quit his BS aka BC administration.
IT IS MILITARY STUPID
en.wikipedia.org/wiki/Military_budget_of_the_United_States
No - we were not. While we were experiencing a few years of nice little budget surpluses, as was CA, it was all because of an incredible shot of tax revenue created by the dot.com (Enron) era bubble of greed and fraud.
That bubble crashed in March of 2000. Either in the months preceding that crash, or following, every leading economic indicator turned on it's head and shot straight south. It was over -- everything that had come, in the bubble, was gone; jobs, growth, 401-K wealth, college education savings (don't believe me, ask Dean Baker - he's been clear), tax revenue and the silly projected surpluses.
In the 3 years that followed, the shift from projected [paper] budget surpluses to actual deficits was $1.3 trillion -- at the end of 2003, the deficit stood at $378 billion in the red.
Had Gore been president, I'd guess that it'd would have been worse, more or less.
Now, over time, who knows whether or not Gore would have spent as much as Bush's policies, or whether or not, Gore would have ever had an economy. The housing bubble would have persisted -- and the crash would still have occurred, that much is for sure.
Bush had a difficult time getting out of the recession he inherited, and so is Obama. Times have changed.
Surely, you know 67 million households have MERS mortgages, the majority of which will eventually see foreclosure and/or experience title problems in their future sales. Your actions in 1999 have caused property values to plummet, millions of people lost their homes and thousands of dollars of investment - not to mention the $billion of dollars of lost pension and retirement funds of millions of American government employees, union workers and corporate investmest plans that speculated on these unregulated derivatives only to lose every penny - gone, wiped out... Just like the American homeowner!
I'm a good Democrat moving toward Independent because neither you nor Obama are in-touch enough with "the people" to lead the party on the "do the right thing" path.
You failed us miserably when you got in bed with Wall Street and Sen. Gramm and signed away our protection. There are 134 million+ people just like me that have or will come to that same conclusion thanks to unregulated derivatives that you still fail to address.
Because of what BC and Phil&WendyGraha m put in place w/ both the repeal of Glass Steagall & the CFTC Modernization Act, this country has darn near been destroyed.
Because of these actions, there are nearly 67MM homes whose titles have been obliterated.
67MM Homeowners are buying nothing. If you get a loan mod, you are just paying less for the same nothing. Buy a foreclosed property, same thing. Nothing. YOU ARE BUYING NOTHING!!!
And the punch line is, THERE'S NO TITLE INSURANCE~!!!!
America has been raped by people like you. Republican, Democrat, it doesn't matter, you are all the same.
Bill, please take your wife then go away and leave us alone.
www.PADNHC.com
You don't even have a clue as to what you are talking about. MERS has nothing to do with any of this, other than .. well, actually, using their own description should explain it, in the big picture, to anyone:
"MERS is an innovative process that simplifies the way mortgage ownership and servicing rights are originated, sold and tracked. Created by the real estate finance industry, MERS eliminates the need to prepare and record assignments when trading residential and commercial mortgage loans."
I think it was born back in the early 1990's, by the way.
Take MERS out of the picture, and little would be different, except that the paperwork would have been more cumbersome. Does - did - it have flaws? Sure. Still did not cause any of this, nor does it make it worse, nor will fixing the little flaws change the future.
We all need to wake up here. The economy is not an either / or Republican or Democrat based debacle - its both. Sometimes it appears there is merely one party - with two wings. And this affects every single American whether you own a home or rent because the very foundation of the economic problem stems from a securitization Ponzi scheme that incorporates, among other things, mortgages.
There's been no change in Federal economic planning since Reagan. All US regimes have followed the same neo-liberal programs of facilitating the growth of wealth among the richest 1% of people and corporations.
Didn't matter whether it was Bush or Gore in 2001.
As to what would have happened longer term -say 2004-2008 -- who knows? Would Gore have reversed all of the Clinton era HUD demands of Fannie/Freddie and kill the housing bubble, destroying his only hope for economic growth, as Bush did not do?
Doubt it.
WE THE PEOPLE NEED A REAL CHANGE!
They have CUT OUT so MANY PROGRAMS to help the UNEMPLOYED AMERICANS who are in survivial mode right now. Their jobs, OUR FUTURE EMPLOYMENT has been OUT SOURCED to FOREIGN COUNTRIES for CHEAPER WAGES AND WORKING CONDITIONS.
I do hope and pray Former President Clinton's plan will lay on the minds and hearts of many!!
Can you name exactly the "so many programs which were cut?" There' s a record number on food stamps in the moment. There's a record payout in unemployment insurance. There's a record number on social healthcare services.
BC ideas - nothing new - NEED capital. Where you get this money? By lowering corporate taxes and increasing military spending?
It is too little too late. Young people completing their education will not have jobs, just thousands in student loans.
I'm sure that Obama will have some great ideas when he is long out of office too!
Glad that the RSN readers remember NAFTA (Shafta-us!) and all the other betrayals, especially cutting these damn "welfare Queens".
I am more than ever convinced that even the best-intentione d legislators take some kind of somnambulistic ethics and conformity pill when they enter the Beltway and awake as if from a dream when they are released back into the pool of real life (there is a book idea in there somewhere!).
That's may be why there unlikely to be any substantial change in the status-quo, in spite of all the shouting and declaiming- and why we are teetering on the brink of a Theocratic Fascist state.
And Hilary the wise -Merlin of Obama (not!)- is just as tainted as she goes around the world telling other countries how democratic they'd like to be, or could be if they'd just listen to her!
(New York) -- Amnesty International today revealed that the United States has sent a massive new shipment of arms to Israel -- about 14,000 tons worth -- despite evidence that U.S. weapons were misused against civilians in the Gaza attacks. The unloading of the shipment in Israel was confirmed by the Pentagon. The human rights organization called on President Obama to suspend future arms shipments to Israel until there is no longer substantial risk of human rights violations.
Amnesty International said the Wehr Elbe, a German cargo ship, which was chartered and controlled by the U.S Military Sealift Command, docked and unloaded its cargo on March 22 at the Israeli port of Ashdod, about 25 miles north of Gaza.
The Pentagon confirmed the successful unloading of the ship, which left the United States for Israel last December 20, a week before the start of Israel's attacks on Gaza. Reportedly, the ship carried 989 containers of munitions, each of them 20 feet long with a total estimated net weight of 14,000 tons.
"Legally and morally, this U.S. arms shipment should have been halted by the Obama administration given the evidence of war crimes resulting from military equipment and munitions of this kind used by the Israeli forces," said Brian Wood, arms control campaign manager for Amnesty International. "Arms supplies in these circumstances are contrary to provisions in U.S. law."
and who donates to Bill Clinton foundation?
Robert Scheer offers this up today:
"President Clinton pursued policies that in the long run created more damage to the American economy than any other president since Herbert Hoover, whose presidential tenure is linked to the Great Depression."
Sounds like what Dean Baker offered up back in 2001:
"The decline in the stock market was an entirely predictable event for anyone familiar with basic arithmetic, even if the exact timing could not be known in advance. [..] As a result, millions of families have seen their dreams of a secure retirement or their children's college education vanish with the stock market bubble. The level of negligence of the nation's political leaders in ignoring the stock bubble exceeds anything since the days of Herbert Hoover."
Besides, it was Clinton's policies (led by Andrew Cuomo) that created the housing bubble in the first place. And, it was Clinton who turned his back on the HIVf/Aids pandemic in Africa, and on the genocides/horri fic civil wars in Rwanda, DR Congo, Sierra Leone, Ivory Coast, Afghanistan, Chechnya, Darfur, and played an important role in furthering Blood Diamonds.
Not to mention all of his illegal activities with James Raidy and crowd from the Oval Office.
What a guy.
Clinton wasn't any more inclined to stop that bubble before it wrecked havoc on us, than Bush was inclined to stop the housing bubble (which he inherited - and further aided) late in his administration.
And if Obama is lucky enough to get a bubble going, he won't stop it, before it does lots of damage, either.
Which of these politicians is willing to crash their own economy - for the betterment of a long term sustainable economy, when in the moment - whatever crashes is their legacy.
Seems to me that I made a rather fair comment. In fact, my analysis comparing the lack of leadership from both Clinton and Bush in pulling the rug out earlier than the inevitable crashes, respectively, was eagerly agreed to in a personal conversation with Dean Baker, a few years back.
So - I feel pretty good about it - besides it's a rather no-brainer analysis.
Enron was not the cause. In fact, GW Bush used Enron's jet fleet for his summer and fall 2000 campaign. Enron imploded a year later--I know, because 30 of my friends worked there and lost their jobs and pensions.
The "official" start of Greenspan's intentional recession was March 2001, a year after he knifed us. When he sliced rates to one percent I gave a national interview about it, predicting it would lead to a housing bubble and economic chaos. The financial academics said I was nuts, that such calamity would never happen...
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