this nugget by Kathleen Parker is wrong, correct ?

[steve2470]

House Speaker Nancy Pelosi gave a partisan speech, blaming the credit crisis on the Bush administration (omitting the Clinton administration's role in launching the subprime lending debacle)

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/30/AR2008093002315_2.html

[babylonsister]

1. What's your point? Clinton has been gone for 9 years, this is his fault? BS. nt

[steve2470]

2. just making sure it was BS, I was 99.99% sure it was nt

[jillan]

7. From what the so called experts are saying

there is plenty of blame to go around, what happened was a combination of many things.
So maybe to a repug, they want to pass the buck and blame it on Clinton. Why not?
They blame everything else on him. grrr.

[AuntPatsy]

9. Which is the reason for the thread I have no doubt...

:eyes:

[Mojorabbit]

Yes it is partially his fault.

I lay the blame with everyone who has anything to do with this and he played a part as did Rubin. It ultimately falls at Phil Graham's feet though and that is one person I'd love to see do time.

[babylonsister]

12. Do time? Ha! If McAsshole gets in,Gramm will be the head shed

in his admin. That to me is really scary.

[Mojorabbit]

13. Scares the crap out of me too. nt

[lapfog_1]

3. I heard the entire speech

and, while I thought it would have been better delivered on the campaign trail or at a Democratic fundraiser, it wasn't all that partisan. Certainly not nearly as partisan as many of Newt's speeches from the same place.

However, I was wishing she didn't say everything she said. and she did leave out the culpability of Democrats, especially the DLC democrats that did go along with the deregulate craze. But it didn't start with Clinton either. I think you can go back to Reagan, or possibly Carter.

OTOH, no speech is worth getting all bent out of shape over... so much so you won't vote to solve a crisis for the nation (let's leave aside whether it is or isn't and simply note that the House Repukes SAID IT WAS but they weren't voting to solve it because of the speech Nancy gave... "neener neener neener... we're not playing ball with you anymore because you were MEAN to us - waaaaah")

[steve2470]

4. yea, that excuse by the Repugs was total bs nt

[TexasObserver]

5. It's the standard GOP "Well, Clinton started it" defense.

Yes, Clinton started that process, but Clinton didn't make the Bush administration and the FED juice the economy mindlessly, stop doing any kind of serious regulation, and let investment snake oil salesmen run amok.

Clinton had good programs. The fact that Bush fucked them all up just means Bush is a fuck up in all matters.

If you get out of your car, and your kid gets into it and has a wreck at 100 mph, is it your fault? Is it the car's fault? Your mechanic's fault? Your insurance company's fault? Who was driving the car when it sailed off the road?!

[steve2470]

6. thanks for the excellent logic, I'm new to this "blame clinton" game lol nt

[AuntPatsy]

11. If your new to it after a thousand posts I have a feeling you spent most of your time in the lounge.

:dunce:

[babylonsister]

10. Thanks. Logic does elude people sometimes. nt

[Mojorabbit]

8. He signed the deregulation bill that got us to where we are now

(though it was a veto proof majority) but he signed it happily. See Gramm-Leach-Bliley Financial Services Modernization Act.
Here is a thread exploring it.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x4485795

[babylonsister]

14. Well think about how the rethugs have taken advantage.

And now they want to discount it? Bill is 'history', unlike themselves, McCain most important. This isn't about Clinton but McBUSH!

[Mojorabbit]

15. History

is history. For the most part I liked his presidency. NAFTA and his role in repealing depression era safeguards are certainly relevant to the situation we find ourselves in at this time. I am hoping Obama can come up with some bold ideas to get us back on track and I am hoping that congress tomorrow does not do irreparable harm trying to "fix" the problem.

[elleng]

16. steve, I'm glad others responded

as I wrestled with computer problems. Wanted to let you know that this is not as simple as we might wish; its HISTORY, after all (tho recent,) and involves controversial matters and people.

Quickly, as I understand it(pardon if I'm wrong,) wjc signed bill which among other things encouraged 'low cost' housing to be made more available to a wide breadth of people; then fannie and freddie were encouraged to aid in this effort. Hence arose the monster.

SO, lots of influences converged, and as always, the law of 'unintended consequences' participated.

Good Luck to all of us!

[steve2470]

17. I appreciate the time people took to educate me

I made a new rule tonight: no matter how "valid" a point about Clinton, it goes into File 13 immediately. The rule in American politics is, it happened on your watch. Like 911. Astonishing that Bush has basically gotten a pass on 911. Clinton would have been dragged out of the WH bodily, I'm very sure.