Posted on 02/24/2009 9:41:44 AM PST by Sub-Driver
Bill Clinton: Economy Will be OK, Even if Banks Nat'lized @ 12:16 pm by Michael O'Brien
Former President Bill Clinton said that though he believes the Obama administration does not want to nationalize the banks, the U.S. economy will be fine, even if the administration should have to resort to such a measure.
"It's clear that the Treasury Department and the White House don't want to nationalize the banks," Clinton told CNBC's Betsy Quick in an interview aired in portions this morning. "They apparently believe that if the banks are nationalized they will be worthless to the investor, and therefore, they're getting out now."
"I take the administration at its word: they are doing everything they can to avoid having to do a takeover of the very largest banks," he said. "The point I want to make to everybody is: whatever happens, we'll probably be alright, as long as we deal with it this year."
Clinton praised the Obama administration's plan as thoughtful and pragmatic, and also touted the work of Federal Deposit Insurance Corporation (FDIC) Chairwoman Sheila Bair.
Clinton emphasized that the method the administration adopts to assist the banks is not as important as the administration taking decisive action to help the economy this year.
"Nobody thinks the federal government will be the banker of America in the long run," the former president and husband of Secretary of State Hillary Rodham Clinton added.
He seriously needs to go find some chubby intern, keep himself busy with her, and STFU already.
Democrats have been acting like they believe this with their business-as-usual porkulus. I think they've made a major blunder that will come back to haunt them.
Barack Hussein Obama....Worst President since Jimmy Carter AND Bill Clinton.
At least the job of President wasn't above his pay grade.
True.
OTOH, Jimmuh Carter is delighted with 0bama.
He's no longer the worst president in American history...
I will NOT do business with a bank that is owned in full or in part by the government. PERIOD!
If that means I do my banking from my mattress, SO BE IT!
Time for us to start holding private business accountable for the path we are on. Only they can stop it now by saying no to bailouts.
I predict the Dow will be under 3000 by mid April.
I can read asterisk and that doesn't spell "happy birthday".
P.S. My sentiments exactly. For the toon and the zero both.
“Nobody thinks the federal government will be the banker of America in the long run,”
Is that his nose that is growing or is he just glad to see us?
How well does that work in the real world?
Hmmmm. Unless there is a alpha chicken, the hens will peck each other to death trying to establish a pecking order...
Not any more!
So Bim-Billy knows economics?
Riiiiiiiiiiight.
“Bill Clinton: Economy Will be OK, Even if Banks Nat’lized”
And the Healthcare industries, and the Auto companies, and the Energy companies, and the States and cities, and the....
“As a globalist, [Bill] Clinton promotes “multipolarity” – the doctrine that no country (such as the USA) should be allowed to gain decisive advantage over others.”
This is a bunch of crap. The US should be dominant over other countries as it is based on individual liberty. Slick is saying other communist countries should be equal to us. They are not. Globalists want to reduce the field to the lowest common socialist denominator.
obamas economy plan is like a stalled car if you keep changing out parts at some point in time it will start.
That's just his way of rationalizing a situation where the ChiComs and Russians can gain more power on the global stage. The left-wing demonRats always look out for their international comrades. Nearly every one of their foreign policy decisions, one way or the other, benefit the Russians and/or ChiComs.
Index of prices of 421 common stocks:
1929 high=228
1932 low= 38.6
The last time, stock lost over 80% of their value before they found bottom.
Sooooo. What’s 0.17 times the recent DJI peak, Hmmmm?...
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