Comments on: Will Bad Economy Lead To A New Outlook?

CBS Evening News: Some Believe Recession Will Cause Americans To Reassess Their Values

[curse914]

Madoff was turned in to the SEC in 2000, and nothing happened to him.

Clinton and Clinton alone had the ultimate authority for the oversight of these regulatory agencies.

Posted by sndkzyaa at 2:58 PM : Mar 28, 2009

How about a little context.

One of the very first things Bush did was to cut funding for the SEC. Are we going to argue a lesser of evils? So we have inaction vs gutting the regulatory body that was the last line of defense.

[curse914]

That's why it irritates me so much to hear about people saying how "good" things were in the Clinton years. Yah, I was making a six figure income, but I could also see the handwriting on the wall. It was like a lightbulb that burns the brightest just before it burns out.

Bush was stupid, because he just kept doing the same things Clinton did until they blew up in his face. But Clinton is the one who planted the time bombs that blew up in Bush's face.

Posted by sndkzyaa at 2:10 PM : Mar 28, 2009

Class ideology moves freely between Parties. But to deny that Deregulation is at the core of the GOP platform is naive. Clinton was a "Centrist" Free Marketeer who adopted deregulation from the Reagan Revolution and ignored the warnings of the S&L scandals that were a direct result of deregulation of the Financial Markets.

At the peak of broad prosperity in the late 1960's the Financial sector was 1 percent of our GDP it is now 4 percent. It is an absurd ratio, default swaps do nothing except conjure value where there is none. This perception of value enriches the financial illusionists who have been allowed to work their craft in spite of the obvious consequences.

An the promise of Free Trade "lifting all boats" is a preposterous theory. There is a limited PIE of wealth out there. That is why wealth distributes looks like it did during the Great Depression. Class War is the push and pull of this redistribution of wealth. Americans consume 76 percent of all the resources extracted in a given year. If you think the rest of the planet can have the same consumption level, you are smoking some good stuff.

[debinok1]

Stop trying to cover up for Clinton. Clinton is to blame. Only Clinton. Nobody else.
Posted by sndkzyaa

those are the headgames I won't play. This has been going on long before Clinton. This goes back years before Clinton. These things could not have been put in place in such a short period of time, it took years and years. It took decisions that had to come from the house and the senate. No single President could have caused such a huge disaster, they all contributed to it. Whether by action or inaction, they and their administrations all had hands in this mess.

[sndkzyaa]

Madoff, Enron, Worldcomm, Andersen Accounting, and all the other rampant accounting fraud of the Clinton years were all taking place with no action by regulators.

Madoff was turned in to the SEC in 2000, and nothing happened to him.

Clinton and Clinton alone had the ultimate authority for the oversight of these regulatory agencies.

Such a widespread faillure of the regulatory agencies goes all the way to the top.

There was only one person at the top. That was Clinton. Only Clinton. Nobody else.

It's time to face reality. Clinton and Clinton alone is totally to blame for the total failure of regulation during this time in office.

[sndkzyaa]

This time bomb predates both, sorry to say. try Ford, Carter, Reagan, and Bush1. These problems took root years before. But it wasn't really the Presidents, it was their administrations
Posted by debinok1 at 2:46 PM : Mar 28, 2009

No. It was Clinton. Only Clinton. Nobody else. It was him and only him.

Nobody else could issue executive orders. Clinton did that himself.

Nobody else issued the order to attack suspected WMD sites in Iraq on the eve of Clinton's impeachment vote. Clinton did that himself.

Stop trying to cover up for Clinton. Clinton is to blame. Only Clinton. Nobody else.

[sndkzyaa]

Those people have no conscience. If they gave a darn about others, they would not have become rich lying and stealing from everyone else.
Posted by sjc_1 at 2:33 PM : Mar 28, 2009

Yah, like Madoff and Ken Lay and the other financial thieves who ran amuck during the Clinton years and didn't get caught.

Madoff was reported to the SEC in 2000 complete with mathematical proof that he was committing fraud, but the Clinton admin gave him a free pass.

Madoff could have gone to the slammer eight years ago if the Clinton admin did its job.

But it seems the official Clinton policy was "look the other way..."

[debinok1]

Bush was stupid, because he just kept doing the same things Clinton did until they blew up in his face. But Clinton is the one who planted the time bombs that blew up in Bush's face.
Posted by sndkzyaa

This time bomb predates both, sorry to say. try Ford, Carter, Reagan, and Bush1. These problems took root years before. But it wasn't really the Presidents, it was their administrations who used their power to push the agendas that were popular at the time, and nobody ever went back to evaluate the damage that was being done. It was like a festering boil just waiting until the time was right for it to explode. They all just kept building on a festering base, and never checked the foundation to make sure it was solid.

[sjc_1]

"...when the already-rich re-examine their lifestyle..."

They have examined their lifestyle on a continuous basis and they like it. Those people have no conscience. If they gave a darn about others, they would not have become rich lying and stealing from everyone else.

[sndkzyaa]

Let's start with the Repigs.
Posted by johnb8888
___________________________________

I agree! Forget about hanging....I want the first shot!
Posted by cheetah-man7 at 1:56 PM : Mar 28, 2009

Hey, I thought we just said it isn't just one side that's to blame.

Or do people say that only if you blame Clinton....

If you blame Bush, everybody agrees.

If you blame Clinton, everybody either denies it and calls you a lying moron, or they say both sides are to blame so don't blame just Clinton.

[sndkzyaa]

I remember that it is a two party system and both parties are at fault, not just one or the other. Blame who you want but the blame lays fairly and evenly on the backs of every politician who has held office over the last 30 years.
Posted by debinok1 at 1:42 PM : Mar 28, 2009

I totally agree with that, and I wish more of the posters here would stop bashing Bush and realize what you said.

But I'm just telling it like it is. I had a very rewarding career until Clinton became the president. Then out went the jobs to outsourcing, and in came the H1b visa holders.

Then I was out. My life has never been the same since then.

That's why it irritates me so much to hear about people saying how "good" things were in the Clinton years. Yah, I was making a six figure income, but I could also see the handwriting on the wall. It was like a lightbulb that burns the brightest just before it burns out.

Bush was stupid, because he just kept doing the same things Clinton did until they blew up in his face. But Clinton is the one who planted the time bombs that blew up in Bush's face.

[cheetah-man7]

"That openness was sorely tested last week, however, when one G-20 Meltdown leader, Chris Knight , an anthropology professor at the University of East London, told a radio show that bankers could wind up "hanging from lampposts" and "things could get nasty" if change did not come to Britain. The university has suspended him pending an investigation."



That's a thought for the USA as well. Let's start with the Repigs.
Posted by johnb8888
___________________________________

I agree! Forget about hanging....I want the first shot!

[debinok1]

Then they started replacing the rest of us with H1b visa holders during the Clinton years, and - there went that career.

Since then, I've been bouncing from one lousy job to then next one. I just lost my latest job. It was in sales, and I couldn't sell anything this year because of the economy.

Well, I'll be spending a lot more time here on the discussion boards now...
Posted by sndkzyaa

Oh, I see. You are looking to place blame on a particular political party. Well, I for one am not into that headgame. I remember that it is a two party system and both parties are at fault, not just one or the other. Blame who you want but the blame lays fairly and evenly on the backs of every politician who has held office over the last 30 years.

[sndkzyaa]

Those companies were fine with those regulations, UNTIL it became LEGAL to outsource
Posted by debinok1 at 1:05 PM : Mar 28, 2009

You mean, when Clinton signed NAFTA?

When was it ever illegal to send jobs out of the country?

Detroit started doing it in the 1970's. Other big companies were doing it in the 1980's, like the major electronics company I worked for back then.

Then they started replacing the rest of us with H1b visa holders during the Clinton years, and - there went that career.

Since then, I've been bouncing from one lousy job to then next one. I just lost my latest job. It was in sales, and I couldn't sell anything this year because of the economy.

Well, I'll be spending a lot more time here on the discussion boards now...

[debinok1]

What about the cost of complying with our great protections - workplace, environment, consumer, legal? Companies are moving jobs out of the country to avoid paying for those.

What does Obama expect us to do? Give up all our protections just to become wage slaves?
Posted by sndkzyaa

Those companies were fine with those regulations, UNTIL it became LEGAL to outsource and the government paid them to do it. We all know that american companies were doing just fine under all those regulations, they were making money, they were hiring. Now they have outsourced so many jobs that the american people can no longer afford to buy their products. So those cheap wages and lack of health care and retirement, did not really help them in the long run. Because those same people they laid off to move overseas are not buying their products anymore.

[johnb8888]

"That openness was sorely tested last week, however, when one G-20 Meltdown leader, Chris Knight , an anthropology professor at the University of East London, told a radio show that bankers could wind up "hanging from lampposts" and "things could get nasty" if change did not come to Britain. The university has suspended him pending an investigation."



That's a thought for the USA as well. Let's start with the Repigs.

[sndkzyaa]

excoachken said: "All the spoiled brats who grew up in the 70's and 80's with expectations of living in McMansions and sucking up Starbuck's at poolside will have to "down size" their gluttonous appetite for frills. It's back to basics for the wannabe eliteists. "

Let's test your knowledge - when did the most civilian Hummers go on the road?

What did Clinton do to stop such blatant excess?

Your answer will be most amusing.

[sndkzyaa]

Right now companies get tax breaks FOR outsourcing.
Posted by perk235 at 8:52 AM : Mar 28, 2009

Yah, that's just great.

What about the cost of complying with our great protections - workplace, environment, consumer, legal? Companies are moving jobs out of the country to avoid paying for those.

What does Obama expect us to do? Give up all our protections just to become wage slaves?

[sndkzyaa]

Tobacco is easy to grow, too. But even though cigarettes are $7 a pack, you don't see people growing their own tobacco.
Posted by ontheleft at 8:30 AM : Mar 28, 2009

LOL! AGAIN! You liberals are a barrel of laughs today.

What do you mean people won't grow their own pot??? THEY ALREADY DO!!!

Around here, there are fields full of it.

[sndkzyaa]

Maybe it's not bad that our kids will do with fewer material possesions.
Posted by jxknowles at 10:07 AM : Mar 28, 2009

LOL! But while this was happening on Bush's watch, you were ranting and raving that Bush was the WORST PRESIDENT EVER....!

[debinok1]

Maybe it's not bad that our kids will do with fewer material possesions. When I see TVs in every room of a house, including the bathroom, garage and cars, I know we are living to excess. I tell my charges about spending all day in the summer riding bikes, playing ball, fishing, hiking through the fields and they think I was privileged.

As long as we have affordable health care, an honest wage for a hard day's work, life's necessities and hope for a reasonable retirement, maybe we will all be richer.
Posted by jxknowles

AMEN!!! I grew up with those values, and I am passing them on to my son. We have 1 television, in the living room, 1 computer, a home phone(gasp), 1 cell phone(mine) for emergencies ONLY), my son has a bicycle, building blocks(lincoln logs, how quaint), cars and books(tons of books), there are no video games, no ipods or mp3 players. My son is not overweight, he eats well(even vegetables), he stays on a decent schedule that gives him plenty of time to PLAY and explore. He also sleeps about 11 hours a night. Putting televisions and video games in a childs room is a way for parents to not be bothered. If we want children to talk to us they have to have access to us. my son talks to me when we are sitting and watching television in the evenings, he tells me about his day and tells me if something is bothering him. By shoving them in their rooms with all of their electronic crap, parents are sending the message that they do not want to interact, do not want to talk, do not want to know what is going on in their childs life. And we wonder why we have kids killing people, it is because they have become anti-social from being denied human contact when they needed it most.