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View Diary: Bill Clinton: I Shouldn't Have Listened to Summers and Rubin [Substantive Update] (341 comments)

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  •  I think it is difficult to remember how much of a (5+ / 0-)

    GOD Alan Greenspan seemed to be at the time. So Clinton gets triple-teamed by Greenspan, Summers and Rubin --- and he folds.

    Yes it was a mistake, but considering how great their advice had been leading up to 1998, and how well it had worked, can you truthfully say that you wouldn't have done the same?

    •  Exactly. (0+ / 0-)

      (My comment was a response to gloomyguy.)

      (-8.38, -8.00) Did I make my savings throw?

      by hyperstation on Sun Apr 18, 2010 at 06:09:07 PM PDT

      [ Parent ]

      •  The other point that Clinton made was that (3+ / 0-)

        He was no longer President when the shit hit the fan, and if he had been, he certainly wouldn't have disabled the SEC (as Bush OBVIOUSLY did).

        The people here have no problem blaming him for events 6-7 years after he leaves office?

        Suppose 6-7 years after Obama leaves office, GM folds. Someone, somewhere on some website will say: "ah-hah. You see what happens when the government intervenes in the marketplace?" Nonsense.

        Even though it was a mistake, the mob here is insane NOT to put most of the blame on Bush, who not only didn't see the problem coming, he wasn't even looking.

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