Former President Bill Clinton weighed in on an increasingly likely government shutdown in an interview with ABC's 'This Week'. Clinton criticized Republican demands, as well as their obsession with Obamacare.
"I've never seen a time-- can you remember a time in your lifetime when a major political party was just sitting around, begging for America to fail?" read more..
GOP BEGGING AMERICA TO FAIL?
This is funny coming from the man who as president recklessly mandated the nation's worst and greatest housing bubble (to artificially stimulate robust home ownership growth mostly for the poor*); and by doing so set in motion the train of events that ended in the catastrophic housing/credit crash of 2008-from which our struggling economy hasn't fully recovered.
*It was Clinton's Social Justice War On Poverty by other means.
Hillary 2016? Don't count on it if she should run. Once the public learns the central role played by her husband in causing the Great Recession and housing crash (he was the fountainhead) her chances of succeeding Obama as president will greatly, greatly shrink.
BILL CLINTON'S ERA OF MORTGAGES FOR EVERYONE
The bad, destructive, corrosive seed of the "Mortgages for Everyone Era" that ended in catastrophe with trillions lost was planted by Bill Clinton and his reckless, progressive, leftwing goal of subprime loaning a flat, stagnant housing market into booming, rip roaring activity in just a few short years (primarily to benefit the poor). And Clinton succeeded beyond his wildest dreams which turned into the nightmare of Lehman Brothers, failing banks, and trillions lost in the 08 market crash.
Indeed, what was a stagnant market when Clinton took office in 1993 (the home ownership rate was at 64% unchanged for many years) was growing by 10% by 2000 when the dot.com bubble burst and the market crashed. It was then (with a soaring market at 68%) that events took an ominous turn making the Clinton Housing/Credit Debacle inevitable; for investors (turned off to stocks) jumped aboard Clinton's subprime loan driven phony real estate boom growing the bubble to catastrophic (not seen before) proportions that ended in ruin.
Indeed, the bad seed that Clinton sowed was watered by Fannie, Freddie (they guaranteed how many millions of risky loans at the prompting of Andew Cuomo?) Barney Frank, Chris Dodd, Kit Bond, Alan Greenspan and Ben Bernanke (who denied in 2006 there was a housing bubble)-then Goldman Sachs, Lehmans and others got into the act bundling billions of junk loans that received AAA ratings because of backing from the GSEs. In short, the crash began with Clinton and his well-meaning but crackpot social justice scheme of affordable housing for all by corrupting the mortgage industry like never before. it's beyond dispute that if Clinton hadn't been president the housing/credit crash would not have happened; and Barack Hussein Obama (one of our worst presidents ever) might have stayed in the US Senate where he belonged.