Your friend Jim George thinks you'd be a great addition to Ricochet, so we'd like to offer you a special deal: You can become a member for no initial charge for one month!
Ricochet is a community of like-minded people who enjoy writing about and discussing politics (usually of the center-right nature), culture, sports, history, and just about every other topic under the sun in a fully moderated environment. We’re so sure you’ll like Ricochet, we’ll let you join and get your first month for free. Kick the tires: read the always eclectic member feed, write some posts, join discussions, participate in a live chat or two, and listen to a few of our over 50 (free) podcasts on every conceivable topic, hosted by some of the biggest names on the right, for 30 days on us. We’re confident you’re gonna love it.
During her presidential announcement speech over the weekend, Hillary Clinton offered this interesting explanation for the Financial Crisis:
Jim,
The ridiculous permissive rules of the lending environment enforced by idiots like Barney Frank were the main cause. As far as the Bush administration goes, if Alan Greenspan had been on his game he would have pulled the plug in 2005 with monetary policy. We would have gone into a normal but deep recession and come out of it before 2008.
Regards,
Jim
What do you expect from Hillary Clinton – the truth?
Exactly.
The tax cuts were a mistake. The dot com bust was quickly self correcting, the people who lost jobs were quickly rehired, the measure cut lower brackets too much, thus gutting the code and moving us further toward half the population indifferent to taxing and spending. It was an attempt to avoid the charge of cutting taxes for the rich while spurring spending. It was Keynesian not supply side. We don’t need anymore of this, either Keynesian or supply side cuts. The regulatory and tax codes must be tossed and replaced because they promote rot and corruption while repressing the economy, risk taking and saving. The tax cut, however, had nothing to do with the burst housing bubble.