A few words about Bill Clinton's Budget.

[RC]

[FiveGoodMen]

1. THAT opportunity won't be back in our lifetimes!

[truedelphi]

2. There is a certain amount of truth to this

However, Clinton signed off on the legislation that vaporised the Glass Steagall protections.

Clinton signed off on the 1999 Banking Reform Act, thus allowing the banks and the financial brokers to be one and the same. Thus allowing interest rates on credit cards to become usurious to the extreme.

Clinton dropped his interest in Campaign Finance Reform, and placed the staff members from that effort into working on how to get NAFTA approved (And boy was that ever a boon for Americans! I mean, are we not all grateful that NAFTA exists, while campaign finance reform is now in a back closet somewhere?)

Greenspan, as Clinton's appointee to the Federal Reserve, kept interest rates low so that bubbles could exist, for the betterment of the insider circle on Wall Street and to the detriment of those outside that circle. But hey, the dot com bubble was sure fun while it lasted.

Bush's choice of Paulson was accepted in part because that choice was not much different than Clinton's choice of Greenspan. So thus the housing bubble continued where the dot com bubble left off. (Perhaps different set of players, same advantage to the Wall Street home court.)

However, and this is MAJOR, Clinton refused to hear of another Iraq invasion.

A short time later, the Monica Lewinsky scandal broke, and the rest is history.

[Tim01]

3. Very depressing. nt