TheRealMafoo said:
MikeB said:
@ TheRealMafoo
Bush did a worse job as president then Clinton, there is no question. The Government is worse off due to Bush. But Clinton, in an attempted to stop the growing gap of rich vs poor, tried to grow wealth for the poor with sub prime lending. H[
I don't quite agree with your perspective. Bill Clinton left office leaving the country in a supremely healthy state.
The bulk of those defaulting on their mortgages are the ones who bought houses after he left office. The Bush administration turned huge surpluses into amazing debts, the general market is in a bad shape.
It's the government's responsibility to act accordingly. Clinton did his best to improve things by using resources which were readily available at the time. Due to bad policies the economy weakened, the Bush administrated failed to react on this and made matters even far worse.
It's all about timing, adapt to the current state of affairs. IMO it is impossible to blame an ex-president from a decade ago for problems created in recent years by the Bush administration.
For example if I have 1 million in cash and you have nothing, it's OK for me to lent you a couple of thousand bucks. But if I lent 1 million to other people and need to lent money myself to lent you some money, that's a very stupid concept. Times change and you will have to adapt to new situations, which clearly the Bush administration failed to do. They leave a lot of a mess for any new government to fix and it will be hard.
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I only said Clinton did these things, because he said he did.
http://www.youtube.com/watch?v=VCSZakjyVsI
The question is at 3:19.
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What he stated here fully reflects on what I stated above, funny as it's the first time I saw this video. 
He basically stated they had the resources and ability to so at the time without risk, fast forward a decade and that's no longer the case. The Bush adminstration got rid of the needed resources and conditions, as well as making very risky decisions.
In some countries they have free healthcare for all their people. If you have the resources to do so, that's a good thing. However if the conditions change, this great public service may need to be adapted.
As for your other comments towards others participating in this thread please quit the personal insults, it doesn't help this discussion (with regard to movie formats and gaming consoles, in other words simply entertainment devices!) and IMO reflects badly mostly on yourself.
