As I have pointed out many times before, the U.S. financial system was deregulated under your guy's watch and with the stroke of his pen. (Love the source, don't you?)
Even Clinton acknowledges his role in this and is currently claiming that the "deregulation" you claim is the problem isn't really the problem at all.
So get your story straight. Either Clinton is lying or his deregulation is the actual problem.
On the Glass-Steagall thing, like I said, if you could demonstrate to me that it was a mistake, I'd be glad to look at the evidence. I can't blame (the Republicans). This wasn't something they forced me into. - William Jefferson Clinton
Ok let's just look at the facts shall we. End of the Clinton administration ( which had overcome a bad economic situation from a previous Bush administration ) coming off the longest running bull market in history, heading into a recession ( and a new Bush administration ) but with a balanced budget, a surplus, and a much smaller deficit. Six months into the Bush administration the surplus is gone and the spending has just begun.
Fast forward to this : http://www.pe.com/localnews/opinion/...c.2fe559a.html
And you know recent polls show that most americans blame them also. And why not? It's a no brainer. They were in charge ( for a long time ).
Now here we are moving into a new democratic administration ( coming off of the 8 years of the Bush administration ) and the economy's in the toilet, no surplus, and a bigger deficit than ever!
See a pattern? I do.
It's one of the reasons they lost the election. The american people have had enough!
And you know Frank777 the old " Look over there at them not at us " MO of the Bush years doesn't work anymore. Time to pay the piper.
Is it any wonder so many say now days " Sorry guys. Been there done that ! " ?