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TYT: Bill Clinton Admits 'I Was Wrong'

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ihavenobias Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 02:12 PM
Original message
TYT: Bill Clinton Admits 'I Was Wrong'
 
Run time: 07:11
https://www.youtube.com/watch?v=cs3Z2Z2WMJk
 
Posted on YouTube: April 20, 2010
By YouTube Member: TheYoungTurks
Views on YouTube: 306
 
Posted on DU: April 20, 2010
By DU Member: ihavenobias
Views on DU: 1031
 
Summary: Cenk plays and breaks down a clip of Bill Clinton being interviewed by ABC's Jake Tapper. Former President Clinton starts off defending his administration but ultimately concedes he took bad advice on financial deregulation. You can http://blogs.abcnews.com/politicalpunch/2010/04/clinton-rubin-and-summers-gave-me-wrong-advice-on-derivatives-and-i-was-wrong-to-take-it.html|read more here>.

PS---Check out (and subscribe to) our new channel, . As the name suggests, it's all great interviews with members of Congress, Michael Moore, Arianna Huffington, Jesse Ventura, economists (William K Black, Joseph Stiglitz and Simon Johnson to name a few), Media Matters reps, various journalists, reporters and much more.
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FiveGoodMen Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 02:13 PM
Response to Original message
1. K&R
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 02:17 PM
Response to Original message
2. You'll never hear a Pubbie Prez make such a statement...
"I was wrong" isn't a phrase in their lexicon... I bet it makes no sense to them:)
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zbdent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 03:17 PM
Response to Reply #2
6. you're right (small "r" right) ...
don't they keep saying "History will prove Bush was right"?
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 03:29 PM
Response to Reply #6
8. He'll be a hero!
It's hard werk prezidentin. We jes dint aprishiate... all the stuff he did was good... I'm series!
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blm Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 03:28 PM
Response to Reply #2
7. when Poppy and 'Bar' kick the bucket, ya think we'll get MORE of the truth from Bill?
Because this admission is only about .001 of it.
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paulsby Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 04:35 PM
Response to Reply #2
10. nor have we heard it from his wife vis a vis iraq
to this DAY, she still won't admit it was a mistake

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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 02:18 PM
Response to Original message
3. ..and NAFTA..and Media Consolidation
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BunkerHill24 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 02:21 PM
Response to Reply #3
4. ..and , and on IRAQ
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elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 04:23 PM
Response to Reply #3
9. a bit of an overstatement
to suggest this covers the waterfront for him, eh, Brklyn?

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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 07:28 PM
Response to Reply #9
11. yep.
:thumbsup: :hi:
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 02:26 PM
Response to Original message
5. That makes it up for me.
:thumbsup:
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izquierdista Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 07:48 PM
Response to Original message
12. Larry Summers is a #2?
Here I've been flushing my turds down the toilet instead of wrapping them up and sending the to the White House as "Economic Policy".
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szatmar666 Donating Member (532 posts) Send PM | Profile | Ignore Tue Apr-20-10 08:12 PM
Response to Original message
13. Typical Clinton foot mouth desease & Cenk as ususal is ignorant and superficial
derivatives were deregulated by Reagan and Bush Sr. not Clinton.
http://archive.gao.gov/t2pbat3/151647.pdf

Glass Steagall had very little to do with the mortgage meltdown which was a combination of derivatives and Bush's SEC. the meltdown would have happened without it and they would have found other ways to engineer it. the underlying $100s of trillions in OTC derivatives were there since GAO said it was a danger in 1994. What clinton failed was to make a noise about this GAO report and make it clear that if the shit hits the fan it's the republicans' fault because frankly I don't see how he could have stopped this.
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