Bill Clinton: Democrats resisted efforts to reform Mac&Mae when I was President

[Garcia Bronco]

There you have it. They did it when Clinton was President and in 04


Bill Clinton the star of new McCain ad
Posted: 01:40 PM ET

From CNN Ticker Producer Alexander Mooney


The McCain campaign is highlighting a recent Clinton interview in a new ad.
(CNN) — As he gears up to hit the campaign trail on behalf of Barack Obama later this week, former President Bill Clinton is the star of a new television ad — for John McCain.

Watch: New McCain ad features Bill Clinton

The Arizona senator's campaign is highlighting Clinton's remarks in an interview with ABC News last week during which he appeared to lay some of the blame of the current economic crisis on congressional Democrats.

"I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president to put some standards and tighten up a little on Fannie Mae and Freddie Mac," Clinton said in the ABC News interview that is highlighted in the new McCain ad.

The announcer of the one-minute spot called "Rein" cites McCain's call for more regulation of Fannie Mae and Freddie Mac two years ago and said "Democrats blocked the reforms."

"Loans soared. Then, the bubble burst. And, taxpayers are on the hook for billions. Bill Clinton knows who is responsible," the announcer also says.

But in the same interview with ABC, Clinton also said it is important not to assign blame at this time for the current state of the economy: "We are where we are. I think the most important thing is we got two candidates for president saying 'lets try to minimize the partisan differences,'" he said. "We will have plenty of time later to look at who caused this and what mistakes were made."

Those comments did not make it into the McCain ad.

The ad comes days after some Democrats grumbled the former president appeared to be overly praiseworthy of the Arizona senator as the final stretch of the heated presidential campaign gets under way. In the same interview with ABC News, Clinton defended McCain's call to possibly push back the first debate, saying it was a pledge made in "good faith." He also later said the Arizona senator had taken the lead in his party when it comes to climate change.


http://politicalticker.blogs.cnn.com/2008/09/30/bill-clinton-the-star-of-new-mccain-ad/

[ak1971]

This is BS. Look where it came from CNN? that thing is a right wing nazi mouth piece..

[Garcia Bronco]

This is BS. Look where it came from CNN? that thing is a right wing nazi mouth piece..

LOL

[Garcia Bronco]

http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B 63&sec=&spon=&pagewanted=print

Here is the 03/04 one

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis.The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

Representative Barney Frank (Loser and Bill Maher Regular-Massachusetts), September 10th, 2003.

[frerottenextelway]

If you listen to the entire video instead of the McCain ad, he puts the "majority of the blame" on the elimation of the uptick rule (short selling).

[Pseudofool]

Bill Clinton wants to sabotage the election for Obama? Who knew?

[mhgaffney]

There is no doubt that Clinton is part of the problem. Bill set thre stage for Bush.

http://www.informationclearinghouse.info/article18585.htm

[frerottenextelway]

There is no doubt that Clinton is part of the problem. Bill set thre stage for Bush.

http://www.informationclearinghouse.info/article18585.htm

Sen. Nunn is a Democrat. Sorry.

[W*GS]

Oooooh.

I wonder what LABF will say.

[L.A. BRONCOS FAN]

The same thing I would say to any other idiotic attempt by right-wingers to cover Bush's flank and to deflect blame for their policies and their record of the last eight years:

:bs:

1) The rethugs have been in control of both the WH and the Congress for six of the last eight years, and now they're trying to argue that deregulation was the Democrats' idea and that they were powerless to stop it?

ROFL!

2) FM & FM went from mandatory regulation to voluntary regulation under Bush (who argued that people with bad credit should be able to buy just as nice a house as those with good credit) in 2002.

[Rigs11]

relax garcia, mcsame said today that there will be plenty of blame to go around later. That now we must concentrate on fixing this in a bipartisan way. Oh but then he released some ads blaming obama for the bailout....on the same day..:spit:

[epicSocialism4tw]

Right now the dems are looking quite inept, having destroyed the economy for the sake of political correctness.

It's that type of unreasonable rigid moral idealism that governs the direction of that party. They'll destroy the economy for sappy, half-understood feel-good stories.

[defenseman]

Right now the dems are looking quite inept, having destroyed the economy for the sake of political correctness.

It's that type of unreasonable rigid moral idealism that governs the direction of that party. They'll destroy the economy for sappy, half-understood feel-good stories.

And they'll have the obamamedia selling their lies on your nightly tv shows every day of the week. So sad when one chooses self over country, the annointed one, has cornered the market on that one and spinning a new yarn about every two weeks or so...pretty hilarious actually..........dman

[epicSocialism4tw]

And they'll have the obamamedia selling their lies on your nightly tv shows every day of the week. So sad when one chooses self over country, the annointed one, has cornered the market on that one and spinning a new yarn about every two weeks or so...pretty hilarious actually..........dman

These idiots wrecked the economy and tried to blame W. Bush for it. There is a generation of saps out there that blame Bush for why their toilet paper doesnt finish its job on the first wipe and they are playing to that crowd. There are plenty of them here to be little mouthpieces for them.

These chump democrats were too busy making sure that their 3/4 million dollar payouts were in place to take a look at how they were destroying the economy.

Obama received what, the THIRD or FOURTH highest payout from May and Mac?

And these people want to elect him PRESIDENT?

Talk about foolish!

[Rigs11]

yup because the last eight years have been "led" by a repub president, and 6 of the last 8 years the repubs have controlled congress. Blame the dems! where do you depshets come up with this crap? You continuously prove that you put party before country with your ridiculous bizarro posts.

[epicSocialism4tw]

You continuously prove that you put party before country with your ridiculous bizarro posts.

You mean kinda like ignoring the fact that May & Mac were buttressed time and again by dems in the House for years...since Clinton's time and beyond? And that Obama was right there as one of the top supporters?

Goodness, dude.

Talk about partisan blinders. ::)

[Rigs11]

You mean kinda like ignoring the fact that May & Mac were buttressed time and again by dems in the House for years...since Clinton's time and beyond? And that Obama was right there as one of the top supporters?

Goodness, dude.

Talk about partisan blinders. ::)

Is that all you got? Limbaugh running out of talking points as mccanne slides in the polls?You want to talk about mae and mac? ask mccane about how much money his campaign manager davis got from mae and mac until LAST month.

http://www.nytimes.com/2008/09/22/us/politics/22mccain.html?ref=us

"The lobbying firm of the man Republicans say John McCain has chosen to begin planning a presidential transition earned more than a quarter of a million dollars this year representing Freddie Mac, one of the companies McCain blames for the nation's financial crisis.

Timmons & Co., whose founder and chairman emeritus is William Timmons Sr., was registered to lobby for Freddie Mac from 2000 through this month, when the federal government took over both Freddie Mac and Fannie Mae."

http://www.bloomberg.com/apps/news?pid=20601070&sid=aQIOOr9klOnE&refer=politics

[epicSocialism4tw]

Is that all you got? Limbaugh running out of talking points as mccanne slides in the polls?You want to talk about mae and mac? ask mccane about how much money his campaign manager davis got from mae and mac until LAST month.

http://www.nytimes.com/2008/09/22/us/politics/22mccain.html?ref=us

"The lobbying firm of the man Republicans say John McCain has chosen to begin planning a presidential transition earned more than a quarter of a million dollars this year representing Freddie Mac, one of the companies McCain blames for the nation's financial crisis.

Timmons & Co., whose founder and chairman emeritus is William Timmons Sr., was registered to lobby for Freddie Mac from 2000 through this month, when the federal government took over both Freddie Mac and Fannie Mae."

http://www.bloomberg.com/apps/news?pid=20601070&sid=aQIOOr9klOnE&refer=politics


Who said anything about McCain?

Are you trying to prop up Obama by coming with the childish "Yeah, but McCain was there TOO!"

Does it really bolster your argument to say that Obama's sins are made white because McCain sinned as well? Especially when Obama was leading the charge with a couple of other Dems.

Wow. News flash. McCain is a politician and is not a blameless savior.

No one made that claim. Obama's messiah following is making the claim that he rises above it all. However, his HUGE mistake with FM & FM should put the nail in his coffin for anyone who REALLY WANTS A CHANGE.

Like I said months ago here, you arent voting for change with either of these clowns.

[Rigs11]

Who said anything about McCain?

Are you trying to prop up Obama by coming with the childish "Yeah, but McCain was there TOO!"

Does it really bolster your argument to say that Obama's sins are made white because McCain sinned as well? Especially when Obama was leading the charge with a couple of other Dems.

Wow. News flash. McCain is a politician and is not a blameless savior.

No one made that claim. Obama's messiah following is making the claim that he rises above it all. However, his HUGE mistake with FM & FM should put the nail in his coffin for anyone who REALLY WANTS A CHANGE.

Like I said months ago here, you arent voting for change with either of these clowns.

You rightards are the only ones that make the messiah argument so spare us your bs.This post was started about the dems and clinton and you quickly pointed out obama who wasn't even a senator then. If you're gonna bring up obama and his ties to mae and mac then don't try to act like you are surprised that i bring up mccane and his ties.

[epicSocialism4tw]

You rightards are the only ones that make the messiah argument so spare us your bs.This post was started about the dems and clinton and you quickly pointed out obama who wasn't even a senator then. If you're gonna bring up obama and his ties to mae and mac then don't try to act like you are surprised that i bring up mccane and his ties.

That's because youre stuck as an obstacle to the real change that our country needs.

Unfortunately, mules like yourself are only startled out of your catatonic state by tragic events. It will take one to unstick your cortex from the floor.

Even then the only trail that you will walk will be in newly paved trails of better men than yourself.

[Bronco Bob]

Weren't the Republicans in control of Congress during the the last
6 years of Bill Clinton's presidency?

[Rigs11]

That's because youre stuck as an obstacle to the real change that our country needs.

Unfortunately, mules like yourself are only startled out of your catatonic state by tragic events. It will take one to unstick your cortex from the floor.

Even then the only trail that you will walk will be in newly paved trails of better men than yourself.
Tragic events like what? the iraq blunder or the record unemployment? The record deficit?Events like that? They sure haven't startled yahoos like yourself. But then again you are a texas repub so I guess I can't expect much.

[Rigs11]

Weren't the Republicans in control of Congress during the the last
6 years of Bill Clinton's presidency?

Stop it with the facts already..angrydrama gets confused.

[baja]

We we ever tire of arguing about which party is to blame. Keep your eye on the ball not the shells

[L.A. BRONCOS FAN]

yup because the last eight years have been "led" by a repub president, and 6 of the last 8 years the repubs have controlled congress. Blame the dems! where do you depshets come up with this crap? You continuously prove that you put party before country with your ridiculous bizarro posts.

QFT.

First they tried "taking off their uniforms," as Chris Matthews put it, and running away from their own record of the last eight years.

Failing that, they are now trying to blame Democrats for the outworking of their own discredited, anti-regulation, "government is the problem" ideology.

Talk about desperation. ROFL!

[Garcia Bronco]

Weren't the Republicans in control of Congress during the the last
6 years of Bill Clinton's presidency?

Yes they were and in 2003 the democrats stopped regulation in Mac & Mae then as well. There is plenty of blame to go around, but the idea that Pelosi sets forth, that the democrats are somehow blameless is...laughable.

[L.A. BRONCOS FAN]

Yes they were and in 2003 the democrats stopped regulation in Mac & Mae then as well.

Bush took M&M from mandatory to voluntary regulation in 2002 (that's when he made his infamous statement about how people with bad credit should be able to buy just as nice a house as people with good credit.)

The republicans were in controll of the Congress in 2003 - not the Dems.

[Bronco Bob]

Yes they were and in 2003 the democrats stopped regulation in Mac & Mae then as well. There is plenty of blame to go around, but the idea that Pelosi sets forth, that the democrats are somehow blameless is...laughable.

Yeah, that is sort of fishy. The Republicans had a majority of votes in both
houses in 2003 and yet weren't able to stop the minority of Democrats.
The only way that works is if a a sizable number of Republicans broke
ranks with their own party and voted with the Democrats. Do you
have a party breakdown on this, how many Republicans were for,
how many were against?

[barryr]

Both parties are guilty and have had their hands in the cookie jars for years. Believing either candidate is going to change DC is laughable, especially Obama supporters. To believe this guy will "change" when he's been part of the problem and he's only been around a short time no less. It's all politics and what they can get for themselves. Doing what is wanted and right for the American people has been lost for quite some time.

[Garcia Bronco]

Yeah, that is sort of fishy. The Republicans had a majority of votes in both
houses in 2003 and yet weren't able to stop the minority of Democrats.
The only way that works is if a a sizable number of Republicans broke
ranks with their own party and voted with the Democrats. Do you
have a party breakdown on this, how many Republicans were for,
how many were against?

I looked on th epost but counldn't find it.

[TailgateNut]

Right now the dems are looking quite inept, having destroyed the economy for the sake of political correctness.

It's that type of unreasonable rigid moral idealism that governs the direction of that party. They'll destroy the economy for sappy, half-understood feel-good stories.



Each time you open your trap, you erase the minute doubt that you are in fact the biggest moron who hasn't made it onto my iggy list.

I knew mexican water wasn't safe for consumption, but apparently it has also contaminated the water supplies in Texass.

[Garcia Bronco]

Each time you open your trap, you erase the minute doubt that you are in fact the biggest moron who hasn't made it onto my iggy list.

I knew mexican water wasn't safe for consumption, but apparently it has also contaminated the water supplies in Texass.

Says the blind man.

[Mr.Meanie]

Obama received what, the THIRD or FOURTH highest payout from May and Mac?

And these people want to elect him PRESIDENT?

Talk about foolish!

I don't understand how you can be mad at Obama for that when McCain did the same thing. hmmm...

I have never thought Obama was the "savior", and the only people who have been saying that are the far left lunatic fringe, and the right wingnuts who keep trying to push this image of Obama that they have created.

He's a politician just like all of them are. He's taken lobbyist money like all of them, and he's not any better or different in that regard.

But seriously you sound like a hypocrite when you bash Obama for doing something - and then say "Oh well McCain is just a politician" when it's shown he's done the same thing.

[TailgateNut]

This message is hidden because Garcia Bronco is on your ignore list.


Let me guess. "blah,blah,blah".


Okee dokee, hokee!Hilarious!

[Breaker]

Weren't the Republicans in control of Congress during the the last
6 years of Bill Clinton's presidency?

Then I guess the Republicans can take credit for the amazing economy in the later half of Clinton's presidency also :). I mean if they had so much to do with FM and deregulation then they had to have had something to do with the great economy too huh?

Stick that in your pipe and smoke it :~ohyah!:

[Garcia Bronco]

Yeah, that is sort of fishy. The Republicans had a majority of votes in both
houses in 2003 and yet weren't able to stop the minority of Democrats.
The only way that works is if a a sizable number of Republicans broke
ranks with their own party and voted with the Democrats. Do you
have a party breakdown on this, how many Republicans were for,
how many were against?

The bill ending up going nowhere, but I can't find anydata that says exactly why. Nothing more that Democrats opposed it.

[kappys]

Most years the top campaign contributers to both Repubs and Democrats are divided b/t JP Morgan, Goldman Sachs, Citigroup.

Any surprises?

This would have happened regardless of which party was in power - they all wanted deregulation at the behest of their masters. The very same ones that are now demanding a taxpayer bailout for their risky maneuvers.

[Rohirrim]

Is Bubba still on his "All Me All the Time" tour?

[Garcia Bronco]

It's amusing to see people turn on Clinton. HE tried and his own party put a stop to it. Democrats and republicans are both to blame for this mess with their meddling, governemnt programs, and general interference.

[Garcia Bronco]

Most years the top campaign contributers to both Repubs and Democrats are divided b/t JP Morgan, Goldman Sachs, Citigroup.

Any surprises?

This would have happened regardless of which party was in power - they all wanted deregulation at the behest of their masters. The very same ones that are now demanding a taxpayer bailout for their risky maneuvers.

If it wasn't for two fo those companies we'd be up and even bigger **** creek.

[Rohirrim]

It's amusing to see people turn on Clinton. HE tried and his own party put a stop to it. Democrats and republicans are both to blame for this mess with their meddling, governemnt programs, and general interference.

Turn on him? You should have heard what I was saying about him when he was the NAFTA champion. ;D

[kappys]

If it wasn't for two fo those companies we'd be up and even bigger **** creek.

How so?

If you're saying they are buying up other distressed banks then I don't buy it for a second. Its little different to me than if the fed(which is a private corporation) took them on.

[Garcia Bronco]

How so?

If you're saying they are buying up other distressed banks then I don't buy it for a second. Its little different to me than if the fed(which is a private corporation) took them on.

JP Morgan has bailed this country out many times over. And Citibank just rescued Wachovia Bank.

[DenverBrit]

While the website is 'biased' ;D ......the video's aren't fake. The Dems have their hands all over the fanny & freddy failure.
DC needs a large hose thrust into the house and senate....an enema is overdue.



http://www.kyleanneshiver.com/2008/09/27/friends-of-obama-from-fannie-freddie-in-2004-shocking/

[Garcia Bronco]

They have. You add in the GLB, and the fact that democrats refused to regulate these guys and you just have a disaster.

[kappys]

JP Morgan has bailed this country out many times over. And Citibank just rescued Wachovia Bank.

JP Morgan isn't bailing out those banks. They are making an investment and about to turn a very hefty profit.

[Dudeskey]

JP Morgan has bailed this country out many times over. And Citibank just rescued Wachovia Bank.

Thats called the market working itself out... but yet this bailout is needed so badly ???

[Garcia Bronco]

JP Morgan isn't bailing out those banks. They are making an investment and about to turn a very hefty profit.

It's still a bailout.

[kappys]

It's still a bailout.

When you are buying it at market price it is not a bailout.

[cutthemdown]

Liberals wanted home ownership for all Americans. This is what we get because of it. This mess is all because people who had no business owning a home got a loan to buy one anyways.

[NaptownChief]

Each time you open your trap, you erase the minute doubt that you are in fact the biggest moron who hasn't made it onto my iggy list.





When did you put yourself on that list?

[Garcia Bronco]

When you are buying it at market price it is not a bailout.

If JP or whomever didn't buy them or give them the money or make the loan, they would go under.

[kappys]

If JP or whomever didn't buy them or give them the money or make the loan, they would go under.

They have gone under. They are now owned by JP, BOA, or other big corporations.

[Bronco Bob]

Liberals wanted home ownership for all Americans. This is what we get because of it. This mess is all because people who had no business owning a home got a loan to buy one anyways.

Damn straight. Keep them in the slums where they belong. How dare
those liberals want for them what us decent folks have.




*That was sarcasm for the cerebral impaired.

[L.A. BRONCOS FAN]

Damn straight. Keep them in the slums where they belong. How dare
those liberals want for them what us decent folks have.




*That was sarcasm for the cerebral impaired.

Ha!

The rightards keep repeating the same half-truths here.

It was Bush who said (when he took FM & FM from mandatory to voluntary regulation in 2002) that people with bad credit should be able to "buy just as nice of a house" as people with good credit.

[L.A. BRONCOS FAN]

<center> http://www.bartcop.com/actions-contributed2.JPG
<center> http://www.bartcop.com/cash-cow-dead.jpg
</center></center>

[Bronco Bob]

<center> http://www.bartcop.com/cash-cow-dead.jpg
</center></center>

Or maybe we could all just eat moose burgers.



.

[cutthemdown]

Ha!

The rightards keep repeating the same half-truths here.

It was Bush who said (when he took FM & FM from mandatory to voluntary regulation in 2002) that people with bad credit should be able to "buy just as nice of a house" as people with good credit.

So then you agree half of what I say is spot on. Hilarious!

[L.A. BRONCOS FAN]

So then you agree half of what I say is spot on. Hilarious!

So then you admit you're a rightard? Ha!

[L.A. BRONCOS FAN]

Or maybe we could all just eat moose burgers.



.

"In what respect, Charlie?"

http://www.bartcop.com/mooselini-daoud-pos-small.jpg

[cutthemdown]

So then you admit you're a rightard? Ha!

LOL I guess I did. Hilarious!

[cutthemdown]

Seriously though it's the whole Govt fault and all the banks who made bad loans. Things this big can't fall on anyone person or party but the Republicans have done a poor job. They deserve to lose the White House and Congress.

Bush said he was going to clean up DC and he didn't so IMO he's a failure.

I still support winning any war once you start it however and IMO it's that support that get's me the righty label.

I like some of Obamas ideas I just don't see how he can pay for them. If or when he get's elected you won't see me bashing him or hoping for his policies to fail.

I'm a nationalist and I will support the country no matter what. If Obama is my leader then so be it. I still say Americans work too hard and have plentiful resources, because of that we will do well regardless of the President.

We just are in a bump in the road. We will leave it in the dust just like we always do.