tag:blogger.com,1999:blog-2503771624520315711.post5270052547654720760..comments2023-09-06T01:53:41.634-07:00Comments on doug's Site: "The Great American Stick Up" Doug's Bloghttp://www.blogger.com/profile/09219952832674415239noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2503771624520315711.post-48868290354216882112011-08-13T20:22:06.000-07:002011-08-13T20:22:06.000-07:00Yes it does, AA, certainly as far as economics Wal...Yes it does, AA, certainly as far as economics Wall Street has a very similar realtionship to government as does the Iranian theocratic overlords which you allude to ,especially since the 1980's and 90's when the "golden revolving door" between the White House and Wall Street started spinning like a Merry Go 'Round. <br /><br />I agree Clinton lost a lot of ground before he left.doug noakeshttp://dnoakes.multiply.comnoreply@blogger.comtag:blogger.com,1999:blog-2503771624520315711.post-34554298927780518302011-08-13T13:33:07.000-07:002011-08-13T13:33:07.000-07:00And doesn't that just sum up American contempo...And doesn't that just sum up American contemporary politics in a nutshell Doug?<br /><br />Whatever candidates might say, if they are going to succeed they must have the backing of Wall Street, which is to me the US equivalent of the Iranian Revolutionary Council, the power behind the presidential throne that ensures no president can ever defy their iron will and ever hope to survive.<br /><br />Clinton was a broken and disempowered president-in-name-only.... long before his administration ended I think.Aaran Aardvarkhttp://aaranaardvark.multiply.comnoreply@blogger.comtag:blogger.com,1999:blog-2503771624520315711.post-18405025209619685912011-08-13T11:52:28.000-07:002011-08-13T11:52:28.000-07:00That's exactly right in my view Fred. The sam...That's exactly right in my view Fred. The same "top gun" authorities in a President's Cabinet or the Fed know the other top guns from working on Wall Street. <br /><br />Hence, they use cabinet power to protect their friends back on Wall Street and then go back to Wall Street later on. Hence the big bail-outs and bonuses and less help for the homeowners and small businesses. "Too big to fail" is another way of saying one back scratches the other so to speak.doug noakeshttp://dnoakes.multiply.comnoreply@blogger.comtag:blogger.com,1999:blog-2503771624520315711.post-80628787383989332542011-08-12T13:43:40.000-07:002011-08-12T13:43:40.000-07:00That is the problem with the Presidency. You canno...That is the problem with the Presidency. You cannot be an authority on everything. You have to rely on the "authorities" on the subject. Sometimes working with the authorities it is like putting a fox in charge of the hen housecrabby manhttp://crabbyman.multiply.comnoreply@blogger.comtag:blogger.com,1999:blog-2503771624520315711.post-31713327607767444282011-08-12T09:55:09.000-07:002011-08-12T09:55:09.000-07:00Patton was absolutely right, Fred. And as you infe...Patton was absolutely right, Fred. And as you infer, the Presidency is not an easy job and we have only have one of them at a time. <br /><br />I was surprised too about Clinton's role. I don't he knew as much about financial macroeconomics as he did about other matters. In short,he deferred too much to the big guys on Wall Street.doug noakeshttp://dnoakes.multiply.comnoreply@blogger.comtag:blogger.com,1999:blog-2503771624520315711.post-76736600101612500162011-08-12T09:53:01.000-07:002011-08-12T09:53:01.000-07:00It surprised me as well Jacquie. It's certain...It surprised me as well Jacquie. It's certainly not something he wrote about much in his memiors. <br /><br />I liked a lot of things about President Clinton, but his signing these "modernizations" bills and listening to the likes of Summers and Greenspan was a major mistake.doug noakeshttp://dnoakes.multiply.comnoreply@blogger.comtag:blogger.com,1999:blog-2503771624520315711.post-52653553941771581572011-08-12T05:16:06.000-07:002011-08-12T05:16:06.000-07:00General Patton once said if everyone is thinking t...General Patton once said if everyone is thinking the same way then no one is thinking. I always respect the office of the President. I may not a particular person on office. I do support them even if they are less them worthy. <br /><br />I was also surprised that Clinton did so much to deregulate Wall Street. crabby manhttp://crabbyman.multiply.comnoreply@blogger.comtag:blogger.com,1999:blog-2503771624520315711.post-65225223905419597742011-08-11T21:00:13.000-07:002011-08-11T21:00:13.000-07:00I didn't know that about President Clinton..it...I didn't know that about President Clinton..it surprises me, in a way tho.<br />Still, I thought he was mostly a good president. I didn't always agree with him, but honestly, I don't think anyone always agrees with a president!Jacquie Howardhttp://lonelifebonded.multiply.comnoreply@blogger.com