On AM talk shows: Clinton issues serious economic warnings !!!

[Wordie]

Clinton spoke out about the dangers of the Bush economic policies on the Sunday morning talk shows today:

From "Clinton Lambastes Bush":
http://www.news24.com/News24/World/News/0,,2-10-1462_1772595,00.html
<snip>
On the US budget Clinton warned the federal deficit may be coming untenable, driven by foreign wars, the post-hurricane recovery programme and tax cuts that benefitted just the richest one percent of the US population, himself included.

"What Americans need to understand is that every single day of the year our government goes into the market and borrows money from other countries to finance Iraq, Afghanistan, Katrina, and our tax cuts," he said.

"We have never done this before. Never in the history of our republic have we ever financed a conflict, military conflict, by borrowing money from somewhere else."

Clinton added: "We depend on Japan, China, the United Kingdom, Saudi Arabia, and Korea primarily to basically loan us money every day of the year to cover my tax cut and these conflicts and Katrina. I don't think it makes any sense."

[AX10]

1. On economic policy, I stand with President Clinton.

He is right that Bush has created a disaster waiting to happen.

[DoYouEverWonder]

2. Another reason to bring the troops home now.

We can't afford to spend a $1 billion per week, supposedly rebuilding a country with nothing to show for it and most of the people don't even want us there.

Bush & Co have bankrupted the US economy. That is how they enrich themselves. They know no other way.

[nadinbrzezinski]

3. So why do you hate Amrerica so much

:sarcasm: you know fightn them over there... so we can bankrupt the country finally.

the end game to me is the destruction of the US... a civil war, what have you... so they can cancel the Constitution and do what they will

[DoYouEverWonder]

10. They think they can ride out the 'storm' in their bunkers

and when they reemerge they'll have the whole place to themselves.

I say we go plug up the bunge holes and be done with them.

[belle]

4. Well, yeah. I just wish he'd said:

"I left you with a SURPLUS, jackass. I know you're not exactly business geniuses, but how hard could it have been to at least NOT turn it into the biggest deficit EVER? And that was just your *first* term. Incompetent schmuck."

[Pepperbelly]

6. but then ...

it would've been you talking and not him.


He presented details that frankly had not occurred to me and I am not ignorant of economics, having spent too much time solving for P than I would like. What is wrong with a brilliant man explaining something? he's not running for anything and there is no reason for him to restrict himself to sound bytes.

[Wordie]

11. Hehe...I'm sure he was thinking it. n/t

[welshTerrier2]

5. but Clinton is still pushing more occupation in Iraq ...

it's nice that he knows we can't afford to continue the insane spending in Iraq ... does he think we can remain there for free???

[Pepperbelly]

7. It was a tar baby ...

just like in the fable.

Bush grabbed it and now doesn't know how to let go of it.

[Wordie]

9. IT'S THE ECONOMY, STUPID! Whatever the situation is in Iraq, and I do

agree with you about Iraq, the mess * has made of our economy IN GENERAL is his biggest weakness. It transcends even the issue of the war, and more importantly, will make sense even to those who SUPPORT the war, because with a weak economy, we cannot thrive, not to mention be able to protect ourselves from any REAL threat (which Iraq was certainly not).

Edited to add:
The shouting about "It's the economy, stupid" was not aimed at the previous poster. Sorry about that.

[daninthemoon]

8. He also warned about global warming and coastal flooding

[Wordie]

12. Both things that Bush ignored. What if there is another HUGE hurricane?

...or other disaster. Will we be able to cope? By spreading ourselves so thin economically, we put ourselves at risk. FINALLY this is getting some traction in the media.

[daninthemoon]

13. When, not If.

[Wordie]

16. Good point! What would we do right now if there was another one??? n/t

[daninthemoon]

17. Mad Max time.

[Prodemsouth]

14. Read the quoted material. This is the way to talk to the American

people. Explain it plain and simple without sounding condescending. Are you listening John Kerry?...oops too late already.

[magnolia]

15. Whether you love him or hate him...

...you have to admire his intelligence. He knows what he is talking about and the public needs to listen.

I am and have always been anti-war. I'm against all war regardless of why, when or where. Bush has put us into a really impossible situation with no easy answer. Either way, people will suffer. I'd vote for bringing the troops home tomorrow. But it wouldn't be a happy celebration knowing that we destroyed the Iraqis' lives and country and left them to fend for themselves.