dac

Yeah I know, Slick Willy Clinton is to thank for that...

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Predator

No, he isn't to blame. Not him alone anyway. There are a lot of factors that led to the downturn. ARMs set to adjust at 5 to 10 years caused payments to rise to the point people cold no longer pay them. The Clinton administration all but forcing standards to be lowered so lower class citizens with bad credit could own a home. The Bush administration failing to regulate the market. The dumbasses that were buying homes they couldn't afford. The cyclic nature of the economy. The uncertainty of an upcoming election. The list goes on. Anyone that blames one factor is just ignorant.
Two more points that I'd like to mention for this debate.
1. The economy was strong for 6 of the 8 years of the bush administration. The the U.S. Congress was a Republican majority for 6 of the 8 years of the Bush administration.
2. The economy is not ruined. The economy runs in cycles, it goes up and it goes down. It just happens to be down now. It will come back up.

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The answer is hidden in plain view.

Trauma

You're the one bashing Ethan about his arguments, and you write this crap??

One argument I'd like to make about this point:
1. How are you getting this "strong" economy for six out of eight years for Bush?
Compared to what?
The terms of Clinton?
The term of George H. W. Bush?
Fuzzy comparative politics aside, two things come up.
A. You obviously haven't lived in Michigan.
B. Even if your conclusion wasn't fuzzy *cough*full of shit*cough* you in no way explain your argument or how your premise (Republican majority) relates to your conclusion.

It's like me saying, "U.S. Congress had a Republican majority for six of the eight years of Bush's terms. From 2000 to 2006, HIV AIDS dramatically increased in Zimbabwe."

The Republican's majority affecting condom donations to offset HIV AIDS in Zimbabwe aside, I'm sure you can see this argument has very little content.


Bill Clinton didn't ruin the economy!
Where are you even getting that information?

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A mi no me importa nada
Para mi la vida es un sueño

dac

At the end of his term, Mr. Clinton passed a bill allowing banks to buy other banks. That, combined with the aforementioned housing issues are the main sources of the current economic crisis. Keep in mind that the economy is generally slow to react to things such as legislature, so the current state of the economy is the result of policies further in the past than you realize.

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Trauma

Further than I realize?
Way to be condescending.
Also, way to specify the bill you're talking about.
If you're talking about the repeal of the Glass-Steagall Act then yes, it did contribute highly to the economic crisis.
But you have to remember, this bill was sponsored by Republicans (in both the House and the Senate), and that the civil servants who backed it would more than likely be in John McCain's cabinet (if he gets elected).
Regardless, a majority of Congress voted to pass this bill, so you can't put it all on the shoulders of Bill Clinton to begin with.
My initial point: there are way too many people in action to put something solely on the President alone.
By the way, I like your avatar.

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A mi no me importa nada
Para mi la vida es un sueño

Arya Stark

You all know so much. o.o

I must learn. >.<

anticipation

how the fuck are you going to blame bill clinton for the economic downturn?

clinton is responsible for the longest non-war period of economic expansion in American history, and left office with a $559 billion dollar surplus.

at the end of bush's tenure, the national debt will be 5 trillion dollars more than it was in 2001.

the republican policy of selling bonds to foreign nations in order to build national credit is a fucking joke.

Arya Stark

Maybe we just need a new face.

Trauma

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A mi no me importa nada
Para mi la vida es un sueño

sleepy jack

Funnily enough, Phil Gramm is McCain's economic adviser.

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