Clinton Supports Obama Stimulus, Urges Bipartisan Support

[glevine333]

Go Bill!

[TheImpeacher]

Whole bunch a shit coming from a loser. What a joke, Mr BJ, even his wife thinks he is a loser.

[MHP25TURK]

fuck you erdogan



[john51880]

Bipartisanship means twice as bad! Keep opposing Obama!

[crosswalkernie]

You're paranoid and crazy, take your medication.

[crosswalkernie]

lolol

[abu48b]

@xsleef let me remind you that the democrats mostly bring a sound economy and the republican mostly dig the country.

[xsleef]

@abu48b Yea whatever--keep dreaming.

[crosswalkernie]

Clinton is the man. STFU.

Clinton >>>>>>>>>>>>> Chuck Norris

[JesusObama]

Hello, Youtube. It is I, Jesus Obama, da 1st BIRACIAL (HALF GOD / HALF HUMAN) President here to save you all!!! So, thou shalt just get on yo knees, juggle my Nutz and chant "Chaaaange" or "Yes, We Caaaaan" like the mindless brainwashed zombie sheep followers that you are! Don't like Nutz? Do not worry... Thou shalt just get down on yo chin & twitter Michelle Magdalene's Clitoris. Thou shalt let thy holy spirit of NEW WORLD ODOR shine bright upon thee - Your God/Prez Foeva, -JESUS OBAMA-

[bser0fdeath]

This bill was not bipartisan its a Nancy pelosi bill.

[pgthinker007]

and Prince Harry Reid bill.

[3star2nr]

actually its a republican not giving a fuck bill

[Mayofour]

Who said it was bipartisan? We don't NEED Republican votes in the House and we need very little in the senate.

[tinmanintn]

I don't care what bill thinks.

[timbosforporn]

Can someone tell me why democrats demand bi-partisanship when they already have the votes to pass it. Its like there some narcoleptic need for liberals for everyone to be bi-partisan (agree with them) on everything. What kind of political force in the 20th century demanded that an entire country think the same and used any means to squash the slightest disagreement?

[OBAMASTINIAN]

Monica stimulus package.

[ChaoticSouls]

Bill clinton has grown tired of politics and republicans used his outburst against him. But back in 92 he was at the top of his game.

[deinse81]

US debt will be payed back by taxpayers. Any competent investor, American or foreign, considering putting money into the US economy, knows that, and they won't volunteer to paying off this debt. They'll simply take their money and invest some place else.

This bill is 800 Bn reasons not to invest into the US economy. This bill is the equivalent of trillions in investment, just refused, sent to Asia and Europe instead by President Obama. I'll probably just follow it, and get a job there myself.

[ASBSIX]

Here we go more socialist bullshit. Lets spend a trillion to get the economy better. Guess what ? WE DONT HAVE A TRILLION dollars. Bush started this bullshit and Obama ran on a campaign on change. Ya some change. All he wants to change is the constitution because he is a marxist. I am an independent conservative and the more people that look at this bill the more the people realize how full of pork it truly is. Impeach Obama !

[upabittoolate]

you're stupid

[rdrioane]

Bill is right about investment being needed to stimulate the economy. But, not government investment, private investment. This proposed "stimulas" package is nothing more than stealing money from productive sectors to promote pet projects for lobbyists and unions. I am compleatly disgusted.

[putittogether]

Yea spend the kids money, more dept, more dept. screw them, we will all be dead when they have to pay our bills. Yahhoo.

[flyingtorpedo]

Bill you did cause a recession. You started it with the "Community Reinvestment Act" where you forced banks to loan risky mortgages to poor ass people making 10K a year. Suddenly, they were living in 300K houses. YOU CAUSED A RECESSION BILL! THOSE LOANS ARE ALL DEFAULTING BILL!!!!!!!!! IT HAS CREATED A MASSIVE DOMINO EFFECT!

[upabittoolate]

caused a recession? he balanced the budget; bush wasted the surplus. learn some history

[flyingtorpedo]

The Community Reinvest act admended by Bill in 1995 caused this disaster.

[upabittoolate]

that's insane

[flyingtorpedo]

your right it is very insane to practically force banks to ease up on the guidelines to make loans more accessable to people who cannot afford them. If they didn't they faced harsh government penalties. None of this is false. Ask Chris Dodd, he will tell you the sub-prime mortgage meltdown caused this. I think everyone knows that.

[upabittoolate]

people could afford them just fine until jobs got exported because commerce was deregulated & pension advice was mismanaged. harsh penalties? they lost fdic status; get real. the mortgages didn't cause this, the inability to work a job to make money to PAY the mortgages caused this. what's more, loss of a house didn't cause job layoffs or inflation or the decrease in the value of the dollar. learn some history

[flyingtorpedo]

DO you know what a "stated loan" or a "no-doc" loan consists of???? You could have no freaking job at all and get a house at 100%! At practically any mortgage amount! These are sub-prime loans. You need to research the sub-prime mortgage meltdown and the overall effect it has had on America. And yes these loans became very serious with the 1995 admendment to the CRA. Research that, these are facts, concrete. You can choose not to believe them, but everyone knows.

[upabittoolate]

you can call me delusional all you want but it doesn't change the fact that you're missing the problems fundament: capital. ie, no tickey no washy. if you don't have a job, it all falls down. also, if you think a bank was giving a jobless person a loan under gov't levies, YOU'RE delusional. rotfl. also, the "facts that everyone knows" is an ineffective rhetorical debate tool. serious question, did you even graduate high school?

[flyingtorpedo]

I graduated from OSU with a major in economics. DO you know what a "stated" or "no-doc" loan is? Serious question, do you really think socialism works?

[upabittoolate]

OSU? are you sure? a degree would mean that you have to take some speech. if you had, you'd understand the rudiments of debate. if you knew those rudiments, you'd know why the "everybody knows" debate is brittle. but OSU explains that. i'll try to dumb it down for you. it doesn't take a rhodes scholar to know that a bank doesn't just give someone a house; esp. not a jobless person. no, i don't think socialism completely works but i do think that marx is correct in his critique of capitalism.

[flyingtorpedo]

I did very well in public speech. Sorry I don't spell check on you tube. I make valid points. Im not here spewing worthless rhetoric, everything I comment on I back up with evidence easily available. OSU is a great university I loved it.

[upabittoolate]

"everyone knows that" is not a valid point. that's also not a provable point. i'm not talking about your spelling, i'm talking about your fallacious reasoning. i guess if you were graded on a curve at OSU, it feasible that you did well compared to the other students; not only is it public it's OSU. but your rhetoric is definitely shaky because it disregards the beginning of the problem. ie, you have a faulty premise

[flyingtorpedo]

It's funny you deny concrete facts even ultra liberals acknowledge and agree on. it's evident you do not know the dynamics of an economy and especially what mortgage defaults have had on the dollar and America from a holistic perspective. I won't say your delusional and would say you align more with Howard Strerns "wack packers".

[upabittoolate]

deny concrete facts? no, i'm offering you a deeper examination of the problem. you're pointing to 1 symptom associated with a syndrome. you're not really diagnosing a disease. funny how you bring out howard stern. nah, it's really just pathetic. spare me the shit about 'holistic perspectives' because you're not looking at the basis of the problem. in fact, i'll just ask you a question. doesn't mortgage default come from inability to PAY? isn't that a function of unemployment? don't be obtuse

[flyingtorpedo]

You have to understand, people were being approved and qualified that were already "unable to pay" to begin with. THe guidelines were far too lenient. They NEVER should have been approved to begin with. A homeless man could have perfect credit and get a beautiful house with these broken guidelines, that's the issue. They were getting mortgages they could never pay back even if they had 3 jobs. Look dude I gotta run. Good luck!

[upabittoolate]

"unable to pay to begin with"? you must take me for a fool. what's more, you take banks for fools. you've also taken the legislators for fools. they're all dumb but not THAT dumb. if you show me the homeless guy with perfect credit that got a sub-prime loan, i'd not only be impressed, i'd let it go.

you say you studied macroeconomics. show me the statistical correlation between unemployment rates & ARM default rates. even YOU can do that. or are those deniable facts?

[flyingtorpedo]

Im talking about one thing and you are talking about another. I work in the financial field. I am talking about the sub-prime mortgage crises, what caused the market and why the loans defaulted and why the guildelines were pushed down the ladder of income. If you can't talk about these things it's irrelvant to continue a discussion that does not adress the problem. Im not here to filibuster and talk off topic. Yes people with no jobs indeed obtained mortgages. I work in the field.

[upabittoolate]

horseshit. what person without income got a mortgage? i don't care what's your field, your analysis lacks insight. i'm a med student & i can see that you need income to get a mortgage. any fool can see that. you're talking about default & i'm pointing you to the cause of the default. i guess that's in your "deniable fact" category. or maybe i'm just off topic...

[flyingtorpedo]

It's called a "No-Doc" loan yes you could get a mortgage with no job for several years. 2000-2007. And if you need one you could easily lie about it in the case of a "stated loan". I know what im talking about dude. I've done loans for years at brokerages and banks. Ask any loan officer about no doc loans in 2005. It's quite obvious you do not know much about the mortgage/banking industry. Anyone off the street could obtain a sub-prime loan. I don't need to argue this point, I've lived it.

[upabittoolate]

bullshit, people were not getting home loans with no income. you don't know what you're talking about but i'll prove it. show me an example of 2. while you're at it, let's see the homeless guy with perfect credit that got a loan. i'll wait. either way, i;m waiting for you to address my other question the correlation between unemployment & the busting bubble. knowing jargon doesn't impress me at all. insight does. where's yours?

[flyingtorpedo]

You can be a non-believer with horseblinders on, I'm telling you it happened every singe day, I've been doing loans for 6 years. I really dont care what you believe but I think you should research the sub-prime market, stated and especially no doc loans. Pay option arms as well. Every loan officer/banker in the world would tell you the same thing. A no-doc loan means you provide "no income documentation" and yes dude tons of these were done. You need to look this stuff up.

[flyingtorpedo]

Here Google No-Doc loans, I got this off of one of a million websites: "No Doc loan requires no employment, income, or assets to be stated on your loan application. We do not verify any information beyond your credit profile and the value of the property. This is the loan of choice if your employment is difficult to verify or if you do not want the "hassle" of traditional loan documentation. Your good credit, a decent property and we are done."

[upabittoolate]

sure. you sidestepped the questions. nicely done. you have the grace of a matador. one more time my loan official friend: what homeless, jobless or person w/o means of visual support got a $0.35M home loan? AND as an analyst, show the link between unemployment & loan defaults? you refuse to answer both because you're trying to evade a very valid point & therefore ignore the real premise which is, lack of jobs created the crisis. jobs were exported & people laid off. that's what happened

[flyingtorpedo]

Look it up, I just showed you concrete evidence. You said loans were not given to anyone with no incomes and anyone in the financial industry knows that it flatly false. Admit you are wrong. THese people got loans with no employment and NO income! like I said look up the no-doc stated loan tradgedy, you are trying to excuse this and it's become a huge problem. No income and no employment, yes these people still obtained loans, do you understand this or you choose not to believe reality?

[upabittoolate]

look it up? that's not concrete evidence. that's a directive. you're still doing that matador thing. that's cool. in boxing, we call that "late round horseback riding". again, what's the link between unemployment & loan defaults?

[flyingtorpedo]

I proved you wrong. You have no platform. The link between unemployment and loan defaults goes like this. CRA Act, Sub-prime loans, Defaults cause the recession, government has to bail everyone out, Banks go under lose jobs, mortgafe people lose jobs, credit tightens up, banks freeze lending money, a full blown recession has occured, compainies have to cut cost to save money. THus you have layoffs. You incrediably niave to believe mortgages had nothing to do with anything.

[upabittoolate]

no, you side stepped the question. in essence, you ran. unemployment was growing before the mortgage crisis. what's worse, there was a lack of necessary economic growth to stay in step with inflation. you didn't study economics. you didn't take speech either. you're transparent. that's fine. later

[Mephistonia]

I wish Clinton was still president.

[upabittoolate]

clinton was the man. but ler's see what barack is gonna do. i think he's got the chops.

[Obamabotting]

@upabittoolate

President Clinton didn't shrink the debt or deficit. He had the economists fudge the numbers. Google "clinton debt reduction farce" click on freerepublic link. You'll see by the actual numbers that Clinton increased the debt by $2 trillion.

[upabittoolate]

@Obamabotting When did I SAY that Clinton did either? You should learn to read before you suggest some bullshit from the blogosphere.

[Obamabotting]

@upabittoolate

.

Here's another blog. Google "clinton debt craigsteiner" and click on the Craigsteiner link. Start reading.

[upabittoolate]

@Obamabotting More blogs? You lose. 

[Obamabotting]

@upabittoolate

.

Blogs seem to be more accurate than New York Times, Newsweek, etc.

[upabittoolate]

@Obamabotting You've no more credibility. Then again with a name like "Obamabotting", we already know where you're coming from.

Get out of your mother's basement.

[Obamabotting]

@upabittoolate

.

I'll move there before the great depression after the stock market crashes and the riots begin.

[upabittoolate]

nevertheless, i just countered your "you don't know what i know" & the "everyone knows that" tactics. they don't work. i WILL say "you know better than that". but you don't have to filibuster at all. i asked you to show me the causal link between unemployment mortgage defaults. you're talking the bubble being blown too large & thin (potential). i'm talking about how the bubble popped (kinetic). see the difference?

[flyingtorpedo]

You are cazy! People were getting into houses with a 350K mortgage and were making 24k a year. Is has nothing to do with them making "more money". It has everything to do with lenient loan programs that were forced by the government. Obviously you do not know what these things our and the effect it has taken on the economy, banks and real estate market. This started with the defaults on sub-prime loans. You have to be delusional or not have any idea about the mortgage industry to not understand.

[upabittoolate]

i'm not crazy at all, that same $350K house was worth $230K but inflation drove up the price & banks knew that. i've worked construction, i know what a $350K house looks like. also, i haven't said anything about making more money. i said that people lost their jobs & found themselves scrambling. the only gov't pressure was non-renewal of fdic status. it started with the lack of economic growth (not enough GDP or GNP) & the loss jobs from labor exportation. you can't keep the mortgage w/o a job

[flyingtorpedo]

You going off the topic. I'm talking about specific loan programs and default rates, and even more, what created this sub-prime market that has been a utter disaster and has not been beneficial to anyone. I look at the things that created the market. These products never should have been made and mandated, and yes they have sparked the recession, and causing it, hundreds of people are on record saying this. Democrats and Republicans alike.

[Davidcookies]

Bill looks happy

[chairde]

This stimulus plan will change America for the better. More jobs, a cleaner and greener industries will make America the leader of the entire world. The Republicans in the Senate will support this bill and of course there will be some adjustments made. The Europeans will have to change their protectionist laws if they want us to take the 'Buy American' clause out of the package.

[micsc50]

Of course Clinton supports the porkulus. It brings America closer to socialism so the ass hole has top be for it. The more government to fuck things up the better.

[iiguns]

test

[albermarle19]

Corsi zeroed in on comments by Klaus Schwab, founder of the World Economic Forum in Davos, Switzerland specifically, Schwab's comment that the global economic crisis was a "transformational crisis" useful in reshaping a "new world."

One of the scarier quotes in his piece was from a professor Nouriel Roubini who said the global banking system was "effectively insolvent," which, to my untrained ears, sounds a lot like "bankrupt."

[Geist632]

The wind blows hardest on this vid Bill-

[Bugeyesspdld]

Bill would agree with any stimulous package especially if it includes interns. Hillary smart power is allowing her husband to do what he did on the oval ofice desk. What roads what library's obama put republican lahood to scam us now he makes up middle class czar so we'll think biden is fair, this is stupid the constitution states our vice president job description and become chairman of bogus b.s. is not part of it. it will hinder his vp job it wouldn't be fair if steele was vp and chrman

[jeep1077]

Examples of systemic predatory lending:

Both of my friends are middle class. Matt is blue collar. Dan is white collar.

Matt: Was issued a loan of $250,000 for his house while he made 30,000 and his wife was going to school. His wife divorced him and he now is trying to hold onto his house.

Dan: was offered a loan of $600,000 for a house. He declined and bought a similarly priced house as Matt and is doing ok.

These are real life examples.

[jeep1077]

It is a myth that the bubble was caused by poor people and minorities not being able to pay their loans.

People of all colors and economic backgrounds were affected. Even Ed Mcman(sp?) couldnt pay his house loan.

White Californians making hundreds of thousands of dollars found themselves losing their houses. (same in Florida)

It is a myth!

[combatvetdoc]

It's called "living beyond your means" no matter what color you are!! But to make it mandatory that banks give loans to people who OBVIOUSLY could not make the payments was just STUPID!! What needs to have happened was NO BAILOUTS for anyone! Let the free market work and let those who made the errors go under, MANY MORE will replace them!

[Gutsyndicate]

Are they saying Wal-street problem is caused by poor ppl?

while ppl like Maddoff scummed 150 billion?

[Joe402]

Republicans hate brown people.

Where have you been these past few years?

[micsc50]

I thought it was black people or watermellon heads everyone hated? White DemocRATs hate white people .

[fraudgov]

he's just a brilliant criminal

like Bush

Like Obama

Like all of them

[jeep1077]

Clinton and Obama put in stark relief what a dumbass we had running this country for eight years. They are both brilliant men (with some flaws) that know how to tackle problems.

Bush created this mess and it is going to take a lot of effort to get out of it.

[Beatboxbill88]

Bush and the democrat controlled congress.

[jeep1077]

Bush was in office for eight years. Six of those years he had a strong majority in both the senate and the house.

In 2006 the democrats gained a strong majority in the House and the slightest of majorities in the Senate.

So are you saying the Democratic Congress of 2006 is responsible for creating the mess in late 2008?

I would agree that they are responsible for not doing something to stop it.

Lets be hones here. Deregulation does not work. Bush was a disaster.

[FreedomsPatriot]

Bill Clinton must be making money on it if he supports it. The Clinton's now have over $100,000,000, probably from Dubai and China for all their contributions and selling off of our national secrets. Kind of makes you feel sorry for the fools who gave to their "Legal Defense Team" huh!

[xkeltoix]

keynesian economics fails, its short term only.

[TylerNull]

There's nothing bi-partisan about Obama's spending bill. Obama's partisan "answer" to Republican objections to HIS stimulus plan was to say "I won". Obama then suggested that Limbaugh is their leader.

Well, Limbaugh stepped up and put together a bi-partisan stimulus plan -- recognizing Obama's 53%-46% win:

OBAMA-LIMBAUGH STIMULUS PLAN

Infrastructure Spending (54%): $486B

Tax Cuts (46%): $414B

TOTAL: $900B

Generously, Limbaugh even gives Obama (spending-side) the residual 1% wacko vote.

[jeep1077]

@TylerNull

Obama is not interested in appeasing everyone. He is interested in doing what is best for our country. The reason Obama has tax cuts in his plan is because he thinks they a targeted enough to work.

It is very difficult to efficiently inject the amount of money economists say we need to inject into the economy if it is to survive. Obama's top economists believe this plan will work.

Remember Bush got us into this mess. We all need to work to get us out.

[TylerNull]

Remember, no matter how many times you recite DNC gibberish, it isn't any less so.

"

The Real Culprits In This Meltdown

...Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, ... high-risk subprime loans now infecting like a retrovirus ...

... regulations forced lenders ... to make the loans that sound business practices had previously guarded against ... or face stiff government penalties.

"

-- ibdeditorials . com

[TylerNull]

As for appeasement, there you're wrong too ...

President B. Hussein's first 100 HOURS:

* 1st phone call -- to Fatah.

* 1st formal TV Interview -- with Arabic TV network Al-Arabiya

* 1st Executive Order -- purge the US Military of heterosexual men.

* 2nd Executive Order -- free al-Queda POWs & shut down the CIA overseas.

Democrats & Treachery -- Life Partners

[Beatboxbill88]

If Obama really cares about the country, why isn't he including more tax cuts. The problem with our economy was sparked by inflation and the housing market. HOW DOES SPENDING MONEY HELP US? If inflation is the problem. Spending will just cause more inflation, it makes no fucking sense. And I'm tired of people calling it Bush's mess, because if I remember correctly it was the democrats in congress who forced banks to loan to people who couldn't afford houses. I'm mad at Bush for his spending.

[jeep1077]

Obama's economic plan is a life preserver. He is trying to save our quickly sinking economy before it is too late. His plan is designed to get people working again as fast as possible.

Inflation is not the problem! I dont know where you heard that but it is dead wrong. We do not have an inflation problem right now. We may in the near future but not now.

As far as what caused the mess it was not what you heard. Listening to FOX is like putting your head up your ass.

[Beatboxbill88]

The United States entered 2008 during a housing market correction, a subprime mortgage crisis and a declining dollar value.[23] On December 1, 2008, the NBER declared that the United States entered a recession in December of 2007, citing employment and production figures as well as the third quarter decline in GDP.[24]

That's not a FOX resource.

[jeep1077]

We currently do not have an inflation problem. Printing vast sums of money may lead to an inflation problem though.

As far as the housing bubble there is no doubt that its burst was the start of the economic downturn. However, the bubble was not caused by a congressional mandate to loan to poor people. It was caused by deregulation in the form of new financial instruments and predatory lending.

[Beatboxbill88]

Inflation is a problem because if the dollar declines in value, we lose value in international trade. Printing money is not the answer my friend, and that is what Obama wants to do to stimulate the country. It may help temporarily, but in the long run it's going to do significant damage.

[jeep1077]

Inflation may well end up being a problem. However, it isnt as we speak. I expect that it will be soon.

The choice Obama has is to let our economy continue its tailspin or try and save it by spending (printing) lots of money on infrastructure.

He is doing what his top economists think is best.

Is your answer to just let the economy fail? Or would you like more of Bush's deregulation and tax cuts?

[Beatboxbill88]

The answer is not to let the economy fail. But we don't have to stimulate it by spending money. Instead the corporate tax could be cut in half, allowing companies to keep this money, enabling them to make jobs. What's the point of taking money from a company and then giving it back to them?

[bagOprions]

yes, let's follow the druggy's economic plan; i'm sure it would be better than Bush or McCain, but really! Tyler, Tyler, all those years of Bush tax cuts, and look how far they have come! Great for the rich bankers and actors like Rush (if you think he's genuine, I have a Bridge in Brooklyn you might be interested in); but wow, what a disaster for the nation! Only the insane (or really dumb) keep doing the same thing over and over that fails, hoping for better.

[TylerNull]

"Only the insane (or really dumb) -- or the Democrats -- keep doing the same thing over and over ..."

Like trying to spend our way out of too much debt.

The fascism of Fannie Mae, Freddie Mac, Community Reinvestment Program, and ACORN federally mandated the piss poor lending practices, so Democrat's "solution" is lots and lots more of the same.

[OBAMASTINIAN]

So what are you going to do with your Obummer tax incentive,a woping 1.89 a day.

[clannon]

The President doesn't need bipartisan support. Just pass the damned thing and live with the consequences.

[angelgabby]

Like a King or something, yeah...

[bagOprions]

technically, repubs could procedurally hold it up indefinitely if they all voted in block

[phfrankh]

I just wondered... , the push for wind power, while benificial, for the production of natural energy. What are the enviromental implications or, if a netwerk of wind mills are set up, would the "Haarp Program" be connected to these mills? just wondering!

[ZankDigiTrash]

bah another waste of time