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THEY CAME FROM SAUDI ARABIA. Why aren't we attacking them? Why are we in Iraq when they didn't have WMD's? WTF man.
Bill Clinton was about as liberal as a Democrat can get.
The first, in 1997, was a change to the amount of taxes a homeowner had to pay on the sale of his or her home, up to $500,000. That change effectively made buying and selling a home for profit the most compelling investment in America by tax standards. It shifted our housing market from one of supply and demand to one of rampant speculation.
The second mistake was one of inaction. In 1998, Long-Term Capital Management's use of derivatives and leverage required a massive $3.6 billion hedge fund bailout organized by the New York Federal Reserve Bank. After the fiasco rocked the markets, the administration was on the spot. Would it push for tighter regulation of this new form of investment vehicle? Would it rein in the derivatives markets? Alan Greenspan and Arthur Levitt, then the chairmen of the Federal Reserve and the Securities and Exchange Commission, respectively, and Clinton's Treasury secretary, Robert Rubin, all counseled against it to varying degrees. No action was taken.
But perhaps the biggest mistake of the Clinton years regarding Wall Street and the one that rings loudest today was the 1999 repeal of the Glass-Steagall Act of 1933, which effectively had split investment banking and brokerages from commercial banks.
We didnt attack Saudi Arabia because AlQueda leadership does not reside in Saudi Arabia. If they had they would have had the good sense to turn them over to us and war could have been averted.
One reason we are in Iraq is because they broke the cease fire agreement countless times. Maybe if Sadaam didnt running around claiming to have WMD's and threatening to use them until right up before the war began we wouldnt have been able to make that claim.
Why is everyone so against NAFTA. The only problem with it is the unions, high taxes and all the environmental and OSHA regulations mostly forced on us by the Liberals make us unable to compete with Mexico or any other manufacturing country for that matter.
Furthermore, if we put a bunch of tariffs on imports what good does it do. They will just turn around and raise tariffs on our products coming into their country. So the only net effect is that the consumer pays more for what they get.
Originally posted by David9176
reply to post by grapesofraft
Would you kindly explain to me the unfunded war on terrorism the last 8 years then?
Better yet, could you explain the debt that was created under Reagan as well?
Do these not count to you or are you willing to set them aside to fit your own political bias?
You point is basically worthless if You ask me. How can You stay out of debt if the FED issues currency to the government at interest. So it doesn't matter how much the idiots from both parties spend because the number will always get larger.
As for our military spending, it as largely not been spent on the defense of the United States. For the last 54 years, it has mostly been spent on expanding our global power, not defending ourselves. Both the GOP and the Democrats have participated in that - even since the fall of the Soviet Bloc.
Bush Surplus/Deficit Fiscal Years 2001-2008 (billions of dollars)
Congressional Budget Office (CBO) Statistics
the total deficit for FY 2009/10 is $3.617 trillion
Originally posted by TheWalkingFox
reply to post by grapesofraft
We're 10 trillion in debt, you say? But we had a nice surplus going back at the start of 2001.
What oh what did the evil nasty democrats do with all that money after Al Gore stepped into the oval- OH WAIT!
[edit on 31-7-2009 by TheWalkingFox]
Defying new military warnings from the United States and Britain on Tuesday, Afghanistan's Taliban government again refused to turn over suspected terrorist mastermind Osama bin Laden and disregarded the American threat to its regime.