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.
LOL!!
They've been making contingency plans to accelerate every step of America's destruction since, oh, say, 1917.
This is more like that toadstool that spent months or years of growing underground before it "suddenly" appears in your yard.
I think it's "Love You"...
And you know what nutrient grows then best. :-))
You forgot the /sarc ?
second 1/2 is right
Yes, as far as it goes. The America of my birth should be the alpha country, for the exact reason you state: it is based on individual liberty.
Even failing that, there needs to be an alpha country to impose order.
Compare a family where if momma ain’t happy, ain’t nobody happy to Lord of the Flies.
Even if momma is a drunken slut, the kids are better off under her than they would be eating each other...
In this case, the entire Capitalistic system will be taken down and replaced with a Nationalist Socialism Oligarchy.
WE need to be the alpha hen.
The alternatives are a truly evil empire or hegemony, or total dog-eat-dog world wide chaos.
mmmmmmaybe.....
I think its well past the time that Americans are willing to take seriously the advice of a known philanderer and liar...
Who said something similar to this recently?
I am not going to allow that to happen.
(I may not be able to stop it, but I will NOT allow it).
I understood you weren’t agreeing with Clinton. :)
Thanks. Nothing like being sure...
Sure. Take the word of the guy who helped bring on the savings and loan crisis.
1/4 acre of undeveloped property for $4 million anyone?
I was just trying to expand on Clinton’s true motives. Don’t forget, Hillary is now Secretary of State! And Bill has his “Clinton Global Initiative” BS.
http://www.clintonglobalinitiative.org/NETCOMMUNITY/Page.aspx?pid=2358&srcid=2356
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