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Hillary Explains the Financial Crisis, Blame is on Bush

By Jeralyn, Section Hillary Clinton
Posted on Fri Sep 19, 2008 at 11:48:55 AM EST
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    Hillary Explains the Financial Crisis, Blame is on Bush | 46 comments (46 topical)

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    She nails it (5.00 / 15) (#1)
    by progressiveinvolvement on Fri Sep 19, 2008 at 11:52:34 AM EST
    As always.  Can we have a do-over?

    I'm such a Hillary fan girl (5.00 / 11) (#2)
    by Fabian on Fri Sep 19, 2008 at 11:53:32 AM EST
    and I'm not embarrassed to admit it.

    Nothing at all to be ashamed of.

    I love this video (5.00 / 10) (#3)
    by Coral on Fri Sep 19, 2008 at 12:01:32 PM EST
    I've watched it twice. Thanks for posting.

    She is fantastic as always. (5.00 / 11) (#4)
    by DJ on Fri Sep 19, 2008 at 12:06:25 PM EST


    Is it too late to hire her? <eom> (5.00 / 11) (#5)
    by votermom on Fri Sep 19, 2008 at 12:06:45 PM EST


    Obama shoulda picked her (5.00 / 13) (#6)
    by Big Tent Democrat on Fri Sep 19, 2008 at 12:08:32 PM EST


    Homeowners Loan Corporation (5.00 / 8) (#7)
    by Big Tent Democrat on Fri Sep 19, 2008 at 12:09:56 PM EST
    I love that idea.

    That is what the bailout should have been.

    You paying attention Larry? Help the real folks, not the Wall Streets fat cats.

    Parent

    I want to get behind this idea (5.00 / 7) (#9)
    by Big Tent Democrat on Fri Sep 19, 2008 at 12:12:20 PM EST
    I HATE the Wall Street bailout idea. I do not want another RTC. I want the HOLC.

    Parent
    He'll lose Florida and maybe Ohio (5.00 / 3) (#8)
    by andgarden on Fri Sep 19, 2008 at 12:10:46 PM EST
    because he didn't.

    Up to him to win Colorado.

    Parent

    Just watched him at FL rally (5.00 / 1) (#12)
    by Coral on Fri Sep 19, 2008 at 12:16:17 PM EST
    On his website -- in Coral Gables. He gave an excellent speech -- simple language, lots of great stuff on choice, family leave, and the economy -- some on helping homeowners, people needing jobs, minimum wage. I especially like that he's tying women's issues to the broader economic issues.

    That seems like a winning strategy.

    He's getting better on the stump.

    Parent

    Yeah, he is (5.00 / 1) (#14)
    by andgarden on Fri Sep 19, 2008 at 12:20:06 PM EST
    But I'm not feeling good about winning Florida. Not one bit.

    Parent
    I hope so. today David Sirota (none / 0) (#17)
    by hairspray on Fri Sep 19, 2008 at 12:29:00 PM EST
    in his column OBAMA: Hop on Pop writes that Obama needs to give the country what they are crying for,an FDR speech.  I can't find a link but if you want to read it , go to SFGate.com and look for politics link and find the article there.  Sirota really slams Obama for his vagueness including the white paper he produced earlier this year, which Sirota says was full of vague language and not what the country is yearning for.  Pity that the candidate that was willing to do that was muscled out by caucuses and the DNC.  As for David, well he had nothing good to say about HRC and now he is whining about his pick. he should be made to swallow his tongue.

    Parent
    He's not really capable of it (5.00 / 1) (#32)
    by Salo on Fri Sep 19, 2008 at 01:41:53 PM EST
    Ideologically the Democrats are still tied to the free market.

    Parent
    It becomes more obvious (5.00 / 6) (#10)
    by Fabian on Fri Sep 19, 2008 at 12:14:36 PM EST
    by the day.

    (I'm glad I don't know why he didn't, because if I did know the reasons, I would probably be just a touch upset.)

    Parent

    The super delegates (5.00 / 3) (#31)
    by TimNCGuy on Fri Sep 19, 2008 at 01:29:11 PM EST
    should have "picked" her.

    Parent
    As an Obama voter (5.00 / 2) (#36)
    by rafaelh on Fri Sep 19, 2008 at 02:40:09 PM EST
    I was so disappointed that he didn't. When the convention started getting close, I started getting my hopes up. I like Biden, but he was a big letdown in comparison.

    We'd be up by 10 right now if she was the VP. Biden can't get any press on his own; if Hillary was the VP, the press would be covering her and Barack nonstop. It would have cut the oxygen to anything going on in the McCain campaign.

    I still think he can win, but it could have been a lot easier.

    Parent

    If all Americans could view this.... (5.00 / 3) (#11)
    by Aqua Blue on Fri Sep 19, 2008 at 12:15:45 PM EST
    Democrats would win the next election hands down.  

    I only saw this on C-Span, not on any of the major networks.   Mass media does not want this out.

    Pundits were spinning how the recent monetary crisis could help John McCain.

    Yep! They really hate the Clintons. And (5.00 / 1) (#22)
    by hairspray on Fri Sep 19, 2008 at 12:36:41 PM EST
    today Howard Fineman said why.  This mess today is all Bill's fault.

    Parent
    That is what (5.00 / 6) (#13)
    by allys gift on Fri Sep 19, 2008 at 12:19:58 PM EST
    a President looks like.  

    Where is the esteemed Commander-in-thief?  Or for that matter, the Dem nominee?

    Silence or mumbo jumbo from them and a complete cave from our Speaker of the House. (see MyDD)

    Can we really reward our party in November for their doing the completely wrong thing over and over.  I'm sick about it.

    Thanks for that. She has the ability to speak (5.00 / 8) (#15)
    by Teresa on Fri Sep 19, 2008 at 12:22:48 PM EST
    about this issue in terms that I can understand. What a great loss if we don't use her in some way.

    I especially like where she pointed out that when we asked for similar help for the middle class, it didn't happen. Now that these big companies need our help, the answer is yes, of course.

    How in the heck did she lose?

    She didn't lose. (5.00 / 10) (#18)
    by oldpro on Fri Sep 19, 2008 at 12:30:20 PM EST
    She was kneecapped.

    Parent
    Those caucuses did not help. When the (5.00 / 3) (#20)
    by hairspray on Fri Sep 19, 2008 at 12:34:50 PM EST
    HRC people asked for caucus reform to be put in the platform they were rebuffed.  And why not?  It got the DNC what they wanted and no time to quit now.  Actually caucuses were always for that purpose.  I laughed when I read in the old days that the ole' time Dem politicians would announce a caucus by word of mouth (to keep the rif raf out) then keep the lights out in the building where they were to meet until everyone had snuck in under cover of dark.  When everyone was there they turned on the lights, called out their pick, then immediately closed the caucus down and snuck out. Voila, democracy at work.

    Parent
    Good Speech, Good Ideas. (5.00 / 3) (#16)
    by santarita on Fri Sep 19, 2008 at 12:28:01 PM EST
    Let's have her head the Congressional negotiations.  I think the Economic summit idea is great especially if they can come up with a joint statement.  This would help restore confidence.

    Pushy broad. (5.00 / 5) (#19)
    by oldpro on Fri Sep 19, 2008 at 12:31:05 PM EST


    Darn tootin! (5.00 / 2) (#27)
    by Fabian on Fri Sep 19, 2008 at 01:07:12 PM EST
    Imagine the loss if she just sat down and kept quiet.

    (The whole point of "diversity" is that  deliberately ignoring or silencing minorities creates a self inflicted handicap.)

    Parent

    Personally I think (5.00 / 1) (#21)
    by Natal on Fri Sep 19, 2008 at 12:34:52 PM EST
    BO has plans to offer a major role for Hillary in his administration if elected. She has played it perfectly on her stance with regard to Palin -- night and day between her and Palin.

     

    I have no idea what Obama (5.00 / 4) (#28)
    by Fabian on Fri Sep 19, 2008 at 01:08:08 PM EST
    does or does not plan to do but if he ignores her, he's doing us all a grave disservice.

    Parent
    I'd rather see her remain in the Senate... (5.00 / 5) (#30)
    by santarita on Fri Sep 19, 2008 at 01:24:08 PM EST
    where she can push Obama to be a better President.

    Parent
    Senate Majority Leader? (5.00 / 3) (#33)
    by ellengrace on Fri Sep 19, 2008 at 01:42:15 PM EST
    I think it would be a fantastic role for her.

    Parent
    Surprises (none / 0) (#29)
    by mm on Fri Sep 19, 2008 at 01:20:46 PM EST
    This reminds me of that scene from Dr. Strangelove,

    Strangelove:

    Yes, but the... whole point of the doomsday machine... is lost... if you keep it a secret! Why didn't you tell the world, eh?

    DeSadeski:

    It was to be announced at the Party Congress on Monday. As you know, the Premier loves surprises.

    I guess BO loves surprises too.


    Parent

    You hope! (none / 0) (#41)
    by rennies on Fri Sep 19, 2008 at 04:15:51 PM EST


    Parent
    I read (5.00 / 7) (#23)
    by chrisvee on Fri Sep 19, 2008 at 12:40:08 PM EST
    her recommendations at her website yesterday and thought, 'This is what a president sounds like; this is the steady hand we need on the wheel.'  Not only could I understand what she was saying (she makes the most complicated issues easier to understand) but her recommendations give me confidence that we can get out of this mess -- and raising confidence is part of what needs to happen.

    Obama was crazy not to pick her.  She's fantastic on the economy.  Hopefully she can lead from the Senate because right now the country needs leadership big time.

    The DNC were crazy (5.00 / 2) (#42)
    by rennies on Fri Sep 19, 2008 at 04:17:33 PM EST
    not to push her. And what can one say about the left who tried to destroy her?

    Parent
    We hear so much about... (5.00 / 4) (#24)
    by Oje on Fri Sep 19, 2008 at 12:45:43 PM EST
    how the primary would damage the campaign of our Democratic nominee.

    What we do not hear enough about is how the Democratic leaderships' efforts to squelch Hillary Clinton's proposals during the primaries further allied our Democratic Congress with Bush and his (do-nothing-for-homeowning-Americans) Republicans. The real travesty is that the leadership will now capitulate to what Bernanke and Paulson recommend, as if the Democratic party does not have a visionary for this financial crisis.

    Even our nominee, after some fanfare about an economic policy being released today, suddenly an reverses course and submits to the "expertise" of those who sat on their hands for over a year now. The media have been rightly focused on McCain 's maddening repositioning, but they have wrongly overlooked Obama's mercurial responses as well (in addition to today's announcement, I recall also his walking back the immediate repeal of Bush's tax cuts for the wealthy, as if that would harm the economy...).  

    This (5.00 / 8) (#25)
    by sas on Fri Sep 19, 2008 at 12:47:37 PM EST
    is what leadership looks like.

    Someone with SOLUTIONS, not just criticize the other guy.

    The Democrats have picked the wrong person for nominee.

    Hillary is brilliant, as usual. (5.00 / 2) (#26)
    by Newt on Fri Sep 19, 2008 at 12:48:53 PM EST
    Now, how to get that message out to the millions of Americans who are getting snowed by Palin/McSame.  

    McCain's speech in Minnisota today in response to the economy (He's got nothing new, but his message will resonate anyway):

    Don't vote for the guy who voted "present" on the tough issues.
    Don't vote for Biden because he says taxes are patriotic, that's just stupid to raise taxes when we're struggling economically.
    Country first, or Obama first?
    Straight talk - help this country that we all love, vote for me.
    I'll give you immediate pro-growth action, tax cuts for America's hard working families, an end to earmark pork barrel spending in Washington...
    Our country is hungry for change, they want a leader who will stand up to special interests...
    You have my word, I will always put my country first.

    "The bums have tiptoed out the back door and circled around to the front and started yelling, "Throw the bums out!" They've been running Washington like a well-oiled machine to the point of inviting lobbyists into the back rooms to write the legislation, and now they are anti-establishment reformers dedicated to delivering us from themselves."  Garrison Keillor

    22 minutes of speech (5.00 / 1) (#34)
    by sarcastic unnamed one on Fri Sep 19, 2008 at 01:42:41 PM EST
    and 21 of them were "Toldja so!"

    The true agent of change. (5.00 / 1) (#35)
    by VicfromOregon on Fri Sep 19, 2008 at 02:30:57 PM EST
    But change that would go deeper than the DNC wants or is ready for.

    She was quite the busy lady (5.00 / 1) (#37)
    by nycstray on Fri Sep 19, 2008 at 02:54:24 PM EST
    yesterday

    Doing her job. (5.00 / 2) (#38)
    by oldpro on Fri Sep 19, 2008 at 03:28:43 PM EST
    All in a day's work for a pro.

    Parent
    I watched this and wept (5.00 / 1) (#40)
    by rennies on Fri Sep 19, 2008 at 04:13:16 PM EST
    in rage and frustration that we Democrats were denied true leadership.

    An interesting speech which addresses a fragment (none / 0) (#39)
    by Christy1947 on Fri Sep 19, 2008 at 03:46:07 PM EST
    only of the problem. While this mess may appear to have started with the home mortgage crisis, and this addresses that in general terms, the problem, especially with AIG, is much bigger and reaches many different forms of ill thought out credit default swaps  and similar securities which won't be rendered more secure or less dangerous to the dummies who issued and bought them  by fixing mortgages. Its the debt swaps and other odd instruments in the nature of insurance or wagers that's involved there, and the capitalization problems for so many caused by their A or better ratings, which making existing mortgages pay on an adjusted basis will not cure. Not the default on the mortgages themselves. And she is not planning, as I hear it, to buy the mortgages, but the various 'toxic' securities.

    "Get all the stakeholders to the table' or 'economic summit' is just one step short of 'a commission.' since it doesn't say what the end result desired is, and how that desired end result is to be accomplished. It just puts off the day for a bit longer.

    And there is a problem with a Constitutional concern with laws which 'impair the obligation of contracts' not even considered here. Speaking of doing that is hot air if it is constitutionally prohibited. If the old lemon mortgages are not reworked, nothing is accomplished. Yes, avoiding these particular problems in the future is a good idea, but it's the existing mess that is killing us.

    BTW, it would be helpful for those who still want to cry "I told you so - he shouldda picked her" and "she gives a great speech, not like him" and the like, to comment on the substance of the speech instead of your own undying love.

    Thanks for Posting This (none / 0) (#43)
    by kaleidescope on Fri Sep 19, 2008 at 11:06:22 PM EST
    It was a great speech.  Senator Clinton at her best.  And I love her northern Illinois accent.

    Its Times Such As These (none / 0) (#44)
    by john horse on Fri Sep 19, 2008 at 11:45:33 PM EST
    That was a great speech by Senator Clinton.  Thanks for posting it.  

    I am so grateful that we have leaders like Obama and Bill and Hillary Clinton and Al Gore.

    Its times such as these that we need to put the adults in charge.

    I was too busy to actually listen to the content (none / 0) (#45)
    by reynwrap582 on Sat Sep 20, 2008 at 03:06:24 AM EST
    of the speech, but just listening to her voice in my ears while I worked made me feel better. sigh

    financial crisis (none / 0) (#46)
    by diogenes on Sat Sep 20, 2008 at 10:19:41 PM EST
    Too bad Hillary didn't make this her signature issue during the primaries or introduce senate legislation to prevent this problem during her senate tenure, since she obviously saw the crisis coming years ahead of time.

    Hillary Explains the Financial Crisis, Blame is on Bush | 46 comments (46 topical)

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