Those of you coming to this post late, move on. You will not get it…
But if one looks across the right’s blogosphere, one sees a concerted ratcheting up of a campaign, any campaign to blame President Clinton for the problems we face today.. They have to. They are going to lose this upcoming election so bad.. that they will join the waste bin of political parties and are scrambling to find something, anything that could possibly shift the blame over to someone, anyone other than the greediness of their party…
Shirley has a video montage, which if you had no clue what what happening, might make you believe against your own credibility, that someway, somehow Democrats were responsible… In it there are a lot of graphs showing rising lines over the entire period of the Bush presidency, and then a precipitous fall, and a disclaimer blaming Clinton for the Bush presidency… lol
Likewise Tyler Nixon has a rant that is stylistically hard to read through, extremely so…. Complete with fallible logic and long ranting of angry diction, he vainly tries to tie today’s debacle to ex-President Clinton, and offer that segway as the reason we are now failing so miserably in the last years of the Bush presidency….(if I am incorrect, forgive me, it was so hard to read)
Hube carries the Weasel List and guess what.. topping the chart is a piece on how Clinton is to blame for today’s mess…
Maria Evans has tried that approach and in order to get there, she had to use circular reasoning and tactics ranging from subject changing and fact stretching, just to sneak in the weakest of defenses, in her attempt to ignore that our biggest problem stems from the Commodity Futures Modernization Act of 2000.
It’s the half truth email campaign all over again, although this time, it is taking place across the blogs… One will see one of these posts pointing fingers back 8 years ago and blaming Clinton, with three or four people at the end saying “here, here”
Here is what is funny… It’s the same three or four people… All of them have written a post, and the other three suddenly pile on…
If it was true, it would be democracy in action.. When its false, it is just sad.
A large part of the confusion is that none of these spokespersons really understand the complicated way that derivatives work and cannot even read the complicated language written in the bills themselves…
They are therefore susceptible to being told what the problem is and being pointed to the wrong direction and sent out to champion their cause… Remember the boat these very people are in… We probably should show them a little sympathy, for they are facing a personal meltdown, similar to what one faces whenever ones belief structure is suddenly proven to be nothing of a fabrication… Sort of like that of a creationist, figuring out that the dinosaur bones he is fingering, don’t really fit into his 4000 BC creation date time line…….
Those acts deregulating the 1933 and 1934 bills, which were buried and sneaked through the Omnibus Bill of 2000, are the root causes of today’s calamity…. There are several other factors piling on to this, and it is upon one of these, the Fannie Mae and Freddie Mack debacle which did have Democratic sponsors, that our lost Republican friends have seized upon in their attempt to cast all blame upon the honorable Bill Clinton ( lol that always makes them see red). But blaming Freddie’s and Fannie’s misappropriations for today’s crises, is like blaming all of Coca Cola’s products for the massive toothache that has knocked you off your feet… Yes, a contributing factor perhaps, but had you used proper dental hygiene……..combined with regular checkups, …… and what about those Pepsi products? Well you see the point…
Since in today’s American soul, like it or not, they will see Republicans responsible for all of this; and only by screaming and pointing the finger loud enough at Bill Clinton, will any Republican’s possibly break over 5%….. lol When the next election cycle rolls around, a new party with a different name, will rise to take their place…
This assault on truth was certainly to be expected… But it is also to be jeered. Imagine, blaming a president from 8 years ago… Think about it for a moment… Blaming a president from 8 years ago… How ineffective does that make the current president look? “Oh our president was busy doing coke and didn’t see it coming, and that makes it Clinton’s fault…” Yeah, right, I don’t think so….. lol If Clinton is really to be blamed, then why when we had a REPUBLICAN PRESIDENT, REPUBLICAN SENATE, REPUBLICAN HOUSE, REPUBLICAN SUPREME COURT, (anything else?) was nothing substantial done to prevent it? And when the Democrats finally took over, it was the REPUBLICAN SENATE who repeatedly invoked the laws of cloture in order to prevent these timely reforms from being passed? And you expect any of us to vote you up for another term? lol.
So just exactly how silly are you Republican’s today? Lets see if I can put it into perspective…
Your high school junior son or daughter refuses to turn in their homework for a week, and blames it on something that happened to them in third grade. lol
Or in driving way too fast to get to a Republican Party Emergency Meeting, hastily called to figure how to stem the mass exodus of voters over to the Democratic Party, you get pulled over by one of Delaware’s finest, and you say “Gee, sorry officer, you’ll have to let me go… You see eight years ago…..” lol
Or when told the book you last checked out is overdue, you begin with “Ma’am, eight years ago……” lol
Of course being too preoccupied with their own self absorption, they fail to realize how ridiculous their claims sound to people who really don’t give a shit about the “Republican Party”
For if they were concerned about America, they would have researched and understood that the problem is not Bill Clinton… The problem is Phil Gramm. The silver bullet he used to kill America is the clause numbered 208 which he slipped through a humongous 11,000 page Omnibus Bill thereby removing the protections legislated as far back as the NEW DEAL, which were done to insure that never again would a Great Depression occur on American soil….
The repeal of that specific regulation which Phil Gramm sneaked through, removed without a vote, hey, removed without even a debate,… all our protections… And so, here we are…. The fourth largest bank disappears overnight…. Ka poof…. And soon we will mortgage the entire future of the United States of America on the hope that a fund twice that size, over 700 billion, won’t disappear in just two nights… lol
And you won’t hear any Republicans mention it,…. other than Republican members of Congress. For it is the current Republican members of Congress, that small group still remaining fiscally responsible, who are the very ones saying that section 208, that Phil Gramm rider abolishing parts of the 1933 and 1934 law, needs to be pulled right now…..
What this proves is nothing more, than that there are people who are in the know, and people who are NOT in the know… Those in the know (and I am proud to say most of them are “smart Republicans”) fully understand that Phil Gramm’s piece of legislation is what drove us us over the edge, and that we need to remove it and return to the law the way it was written after the last time we fucked up this big….
Those people NOT in the know…. will continue to blame Clinton’s policy of 8 years ago for what was actually a weak link embedded in their own failed philosophy…
So how does one deal with those well-intentioned self-preservationist, but poorly aimed accusations? You know what I mean…. a long list of diatribes interposed with names like Barney Frank, Robert Rubins, Frank Raines, all who were involved with the sloppiness of both Fannie and Freddie?
Acknowledge it. and then say this…
Whether or not Fannie or Freddie Mack were kept insolvent by Democrats, matters rather little in lieu of the overwhelming problem faced by us today. Even more, it is irrelevant. Our financial system is large enough where it could absorb the dissolution of a large institution.
It is the impossibility of dealing with the dissolution of all of them at once, which creates not only a problem, but this huge crises.
Basically we woke up and realized our entire financial system wais unsound…It’s based on…..confidence… There was nothing there to back it up….just like there was nothing in 1929 to protect anyone’s money then….
Bear Sterns failed not because of Fannie and Freddie Mack..Lehman Brothers failed not because of Fannie and Freddie Mack…Goldman and Sachs failed not because of Fannie and Freddie Mack…Morgan Stanley failed not because of Fannie and Freddie Mack….AIG failed not because of Fannie and Freddie Mack…WaMu failed not because of Fannie and Freddie Mack. All the others still standing who will fail,…will not fail because of Fannie and Freddie Mack…
They will fail because of Phil Gramm’s change to the Securities Act of 1933 and 1934, and act which was supposed to prevent a large magnitude catastrophic collapse from ever happening again. A rider (Section 208) which was slipped in, sight unseen during a conference session by Phil Gramm, that was never debated, and never voted upon by either body…
But they won’t listen to logic.. So therefore I have improved upon their tactic of repeating something an infinite (almost lol) number of times, to make it true.. For as any Republican well knows, truth is not what it is, but what a Republican says it is… lol.
So look through the schematic below, and try to read each line ….
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kavips 
21 comments
Comments feed for this article
September 28, 2008 at 6:59 pm
Hube
Sorry, didn’t work. YOU just made YOURself look silly. Congrats!
September 28, 2008 at 8:24 pm
Tyler Nixon
All due respect, k, I could understand how the truth of what I wrote is hard for you to read. Yes, the truth hurts.
It also may be bothersome that I am calling out and answering the incessant attack partisanship that is the hallmark of certain Democrat quarters of the Delaware blogosphere. I know it is rare to have the other side hit back so hard against the constant stream of shrill partisan mania that subsumes…nay, consumes this bunch.
My “diction” and “style” aside (no surprise that such criticisms would come from an Obama supporter..since these are all important over substance), you in no way answer anything I wrote.
Where I mentioned President Clinton, who also blames his fellow Democrats, is a mystery to me.
Nonetheless….type it a bazillion more times…it’s still a BIG DAMN LIE.
September 28, 2008 at 8:30 pm
Tyler Nixon
One last thing…if you think my response was ‘stylistically’ difficult for you to digest, imagine my task trying to unpack the steaming avalanche of convoluted revisionist lies that precipitated my post.
September 28, 2008 at 8:32 pm
Nancy Willing
Kavips, don’t fool with the GOPerheads little notions that they and yes, the blue dog DEMs, aren’t part and parcel of this collapse. More and Better DEMs is the only responsible move we can make nationally and here at home.
September 28, 2008 at 9:47 pm
Tyler Nixon
Golly, where’s that ever-wonky oracle “anonone” with some choice insights on my villainy? (Until I go downtown and change my party registration and become a hero.)
Cue…
September 28, 2008 at 9:49 pm
kavips
If I am looking silly to Hube,hooray, then I must be hitting quite close to the truth… lol
Sorry, Tyler, I couldn’t understand much of what you said…. lol
When you wrote it also may be bothersome that I am calling out and answering the incessant attack partisanship that is the hallmark of certain Democrat quarters of the Delaware blogosphere, I can only assume you are talking about me, since among the left leaning bloggers, there is little substantive written about this crises, except of course on this humble blog…
So I’m left wondering …Hmm …. since when did investigative journalism, you know, taking the actual bills themselves and showing the parts buried for all “not ” to see, become fodder for partisan politics? Hmmm.. I guess it may be true that perhaps I’m the last soldier standing who still believes truth and propaganda still have the potential to be separated; perhaps it’s true that I’m the last knight charging who still believes that “truth” is still an uncorrectable entity, not something to be changed whenever it suits……. lol…
Perhaps you missed the part where I said I had no problem with the points you were making, since the facts seem to correlate… My problem rested with your assumption that a small partner in the collapse, should be given the entire blame for the whole…
Now I would certainly fight hard in your defense, if someone came after Tyler or Shirley, or any original Ron Paul supporter for that matter, and tried to pin the blame of Cheney/Bush/ DeLay, on their like…
You must then certainly expect, that I would do the likewise in reverse, should someone try to pin the blame on another who equally was undeserving of taking the heat for the entire calamity…..
Especially when the real culprit was getting off scot free….
And finally, if you still think it is a big lie,….. you cheated and paged down….. Go back and read each and every word of it….again….. lol.
September 28, 2008 at 10:54 pm
anon
From 2000-2006, we had a Republican President, a Republican-controlled Congress, a tie-breaking Cheney in Congress, and a conservative, hands-off the free market Supreme Court. If the Republicans were so concerned about excesses for FM/FM, they had 6 years to fix it. By the time the Dems took control of Congress, the housing market “free-for-all-but-the-middle-class” meltdown was beginning.
Nothing ticks me off more than the black hole of memory the Republicans and the media are in. And it would be irresponsible to tout future “transparency” without real-time accountability for those who sat by and did nothing when they held the reigns of power in all three branches of government since 2000.
September 28, 2008 at 11:20 pm
Tyler Nixon
Actually you weren’t even in my thought process when I wrote my post. Seriously, I don’t think you fit the ‘Democrat partisan attack dog’ profile I targeted. (My obviously-hyperbolic accent on the partisan angle was as much acid as I could muster to serve hateful Democrats some of their own medicine…or perhaps a little “imitation as a sincere form of scorn”).
No matter where or how we disagree, I believe you are eminently reasonable and rational. But when you go off the partisan deep end I just can’t make any sense of what you write (I guess the feeling is mutual). So perhaps I just blank out when you start the blame-Republicans game. I certainly don’t hold it against you when I am aware of it.
Nonetheless…love ya, k.
September 29, 2008 at 12:48 am
kavips
In response to your statement of my going off the partisan deep end….the proper retort is that I’m just following facts, sort of a wind vane or buoy bell.
Right now the facts are pointing to a breakdown of our entire financial system, and may require some medicine which does more harm than good, to nurse it back… As a cantankerous physician like “House” I feel duty-bound to at least point struggling minds towards the right direction…
As for trying to understand points of view that do not fit in ones framework, I would suggest that you try at least, for it just might open ones eyes a little wider….lol..
I confess that a neophyte just stumbling across my humble writings could possibly leave with a take-away that I was a left-leaning partisan… But that is only because neither Senators “Desk Drawer” Adams, “I Love Delmarva Power” McDowell, or “I Have No Accountability” DeLuca, all Democrat power brokers, are running an active campaign this season…. (Warning to them.)..Look what happened to poor Charlie….
Wise advice? Change your ways now before it is too late…… lol
September 29, 2008 at 2:00 am
Nancy Willing
Although surely not as ‘original as you or Cassandra have been, if you have read her recent post on the market collapse blame game, here is a little contribution from me:
http://delawareway.blogspot.com/2008/09/self-regulation-and-market-based.html
September 29, 2008 at 2:53 am
kavips
Nancy, thank you for that insightful link…
Tyler, is that link an example of what “fit(s) the ‘Democrat partisan attack dog’ profile” to which you were referring?
Sorry if I’m still asking… If that is not an example, do you have any direct links to what you described?…..
For articles like that, is all that I have seen….more or less news stories where former members of the Bush Presidency admit that de-regulation is what prompted the soon-to-be-famous stock market slogan: Crash the Gate, in Two Thousand and Eight…. lol
September 29, 2008 at 10:44 am
NVW
You are welcome! I see that DE Lib ‘found’ my link but didn’t source it.
September 29, 2008 at 6:08 pm
Duffy
“Those acts deregulating the 1933 and 1934 bills, which were buried and sneaked through the Omnibus Bill of 2000, are the root causes of today’s calamity…. ”
This is just dishonest. There was no “sneaking”. Second, there is far more to it than that.
“Your high school junior son or daughter refuses to turn in their homework for a week, and blames it on something that happened to them in third grade. lol”
Actually, this is more like the third grade teacher who passed student that she knew couldn’t read but didn’t feel like having a second consecutive year. Social promotion. Everyone else in the chain goes along with the charade until the child graduates High School and still can’t read. Said student then sues the school district and everyone starts pointing fingers. The original third grade teacher is Clinton, the intervening teachers are Congress (Dem and GOP) and Bush is the Principal. Paulson is the Superintendent. Everyone had many years in which they recognized the problem and made some noises about it. But nobody was willing to upset the apple cart until the whole thing collapsed.
September 29, 2008 at 11:49 pm
kavips
lol:
You can say it is not “sneaking” all you want, but that does not change the process of events that took place 8 years ago…. which are well documented in this blog.
And if your descriptive fable is to stand the test of time, you will need to recast its central character… Assuming the motif of your morality play, the central character ( the third grade teacher) is played by one Phil Gramm, based on all evidence acquired as of today, and Clinton if even he gets a bit role at all, would be cast as the principal of the school, at the time when the Phil Gramm (the teacher) silently slipped that student (Commodities Futures Modernization Act) into the next grade, against all rational common sense.
Today we pay the price.
lol
September 30, 2008 at 12:04 am
Maria Evans
First, I proved that the Commodity Futures Modernization Act of 2000 was bipartisan legislation with cosponsors from BOTH SIDES OF THE ISLE.
Then I proved that Phil Gramm did not have the opportunity to slip anything into that legislation before it passed.
I proved both of those points with actual facts. Like the LIST OF COSPONSORS for the legislation, and the ACTUAL VOTE. Remember your “DUH, WHERE’S SECTION 208” post that was total garbage? Remember how the section that was supposed to prove your theory that Gramm altered the legislation was there the whole time?
Inconvenient truths, eh, Kav?
Again, you have little credibility left on this topic. Bail.
September 30, 2008 at 3:51 pm
kavips
Exactly… you did…. but compared to what I proved, they matter very little… leaving most of us to wonder…. “why is she even bringing this irrelevant stuff up…” 🙂
As everyone knows by now, the bills in question were introduced into each chamber’s Agriculture Committees on the last day, and second to last day of the two year legislative session. Why?
The bills were immediately killed by both Agricultural Committees by sending them down to their respective sub-committees from which they would not get heard before Congress ended… Worthless trash?
Those versions of the bills placed before the Agriculture Committee did not have Section 208 on their syllabus which might have at least caught someones attention about the danger lurking within. (Those sections removed the protections put in place back in 1933 and 1934 to prevent a Great Depression from ever happening again)… In fact, one had to specifically go looking for section 208 in section 207, if one ever wanted to find them… Why?
The bill was surreptitiously embedded into the Omnibus Bill, 11,000 pages, and the whole thing was voted on as one entity, all or nothing.. Why?
Those departments covered by the Omnibus Bill were already 2 1/2 months unfunded, and the funding needed to be passed as soon as possible… The conference version embedded with Phil Gramm’s inserted Commodities Act sailed through both houses on the same day it was introduced in the Senate….. Why was it so important to hide it?
Synopsis: Before it became law, The Commodities Act was never debated… Before it became law, The Commodities Act was never voted upon… It only became law when it was sneaked into the gigantic funding bill where no one would see it, an overdue monstrous funding bill that had to be signed because the government was out of money.. ironically a funding bill that had been debated and passed by both houses 3 months earlier without the Commodities Act attached, and had languished in Gramm’s conference committee until the very last day of the session, and then it suddenly appears and gets passed containing the poisoned pill that eventually did what four planes of terrorists could not: bring America to its knees…. Why?
Please explain why Phil Gramm did that?
You can’t. For all you have on your side of the argument is 3 people who signed on to Phil Gramms legislation the day before legislature closed, probably in return for his support of one of their pet projects, and the list of those voting for the Omnibus Bill… a bill that had to pass to keep the services running…
You don’t even cover why the protections to prevent an economic disaster were removed by Phil Gramm without any discussion or a vote? Why?
September 30, 2008 at 5:49 pm
Maria Evans
The bill was bipartisan. It was cosponsored by Ds and Rs. YOU brought up the Commodity Futures Exchange Act of 2000 as the reason for our current crisis. I proved that it was bipartisan legislation.
Keep whining about what was in the table of contents, Kav, the bottom line is that SECTION 208 WAS IN THE BILL THAT HAD BIPARTISAN SUPPORT. Oh, yeah, I forgot, you think Congressional Democrats are too stupid to actually READ legislation. Let’s vote them in again.
As far as “sneaking” legislation into that bill, that never happened anywhere except in your mind.
You haven’t even bothered to check out the Senate Committee’s debate on the legislation, have you? But then why would you? It shows that John Edwards had his hand on the steering wheel, too.
Your point is typical partisan “Just blame the GOPers” hysteria. My point is that both Ds and Rs drove this legislation, AND deregulation.
I proved my point, all you’ve managed to prove is that you’re too partisan to see what really happened. Pity.
October 1, 2008 at 12:26 am
kavips
As everyone knows by now, the bills in question were introduced into each chamber’s Agriculture Committees on the last day, and second to last day of the two year legislative session. Why?
The bills were immediately killed by both Agricultural Committees by sending them down to their respective sub-committees from which they would not get heard before Congress ended… Worthless trash?
Those versions of the bills placed before the Agriculture Committee did not have Section 208 on their syllabus which might have at least caught someones attention about the danger lurking within. (Those sections removed the protections put in place back in 1933 and 1934 to prevent a Great Depression from ever happening again)… In fact, one had to specifically go looking for section 208 in section 207, if one ever wanted to find them… Why?
The bill was surreptitiously embedded into the Omnibus Bill, 11,000 pages, and the whole thing was voted on as one entity, all or nothing.. Why?
Those departments covered by the Omnibus Bill were already 2 1/2 months unfunded, and the funding needed to be passed as soon as possible… The conference version embedded with Phil Gramm’s inserted Commodities Act sailed through both houses on the same day it was introduced in the Senate….. Why was it so important to hide it?
Synopsis: Before it became law, The Commodities Act was never debated… Before it became law, The Commodities Act was never voted upon… It only became law when it was sneaked into the gigantic funding bill where no one would see it, an overdue monstrous funding bill that had to be signed because the government was out of money.. ironically a funding bill that had been debated and passed by both houses 3 months earlier without the Commodities Act attached, and had languished in Gramm’s conference committee until the very last day of the session, and then it suddenly appears and gets passed containing the poisoned pill that eventually did what four planes of terrorists could not: bring America to its knees…. Why?
Please explain why Phil Gramm did that?
You can’t? For all you have on your side of the argument is 3 people who signed on to Phil Gramm’s legislation the day before legislature closed, probably in return for his support of one of their pet projects, and the list of those voting for the Omnibus Bill… a bill that had to pass to keep the services running…
You don’t even cover why the protections to prevent an economic disaster were removed by Phil Gramm without any discussion or a vote? Why?
October 1, 2008 at 2:25 am
kavips
And perhaps before you respond with your standard “Phil Gramm styled denial”, you might wish to read what this Texas Phil Gramm follower had to say about his life, and his policies…..
Truly because of his interconnected relationship with Phil Gramm, John McCain if elected, will provide another four years of the last Bush’s eight…. as that truth becomes unmistakably clear, after reading the fascinating article mentioned above… scary even.
And these I should add, as was mentioned by Matt Denn recently, are the same policies encouraged by your partner in Republicanism, Charlie Copeland, day in and day out on the Delaware’s Senate Floor! And these are the same policies espoused by your Republican partner Clatworthy who is currently running for Copeland’s old seat?
Truly, the unthinkable of a month ago, needs to occur and Dr. Katz needs to elbow Clatworthy aside, and finally give the 4th district some decent representation…..
October 1, 2008 at 2:47 am
kavips
Any impartial observer who took the time to disseminate the article link I referred to above, must be by now, totally disgusted with any and everything the Republican party touches… Truly across the board the Republican’s fawning for all things corrupt and wealthy, must disgust any formerly impartial political observer…
One must want to scream at the sky: WHY DOES ANYONE EVER VOTE REPUBLICAN?
To those neophytes, I will give you a few good reasons…
Cathcart, Tyler Nixon, Hastings, Anderson, Jud, and Burris are ones I know… And if a Republican of worth is ever willing to stand up against “I love Delmarva” McDowell, or “Desk Drawer” Adams (listening Maria?) next term…. it may be those two’s last fight…
For you see, I have met many wonder people who voted Republican.. Throughout that process I have discovered that we shared many of the same dreams and values.. But unfortunately they are a minority of their own party.
Any effort to re-polarize the Republican party to one that represents Middle Class values over those of filthy rich snobs, is a worthy achievement towards making our state a better place to live… for all of us, Democrats AND Republicans….
October 30, 2009 at 2:17 am
zunedita373
Man, those JibJab guys crack me up.