CNN reports that Vice President Joe Biden, apparently unwilling to concede the 2016 Democratic presidential nomination to Hillary Clinton, told South Carolina Democrats that the latter years of the Bill Clinton administration were responsible for the beginning of the decline in middle-class financial security.
Attendees at the VIP Capital City Club in Columbia, S.C. asserted that Biden’s speech was largely “populist’ and intense. One listener called the speech an "Elizabeth Warren-type speech" because it targeted income inequality. Another said:
He said we have some of the most productive workers in the world, but corporations are more concerned about their stockholders than they are about their employees. He talked about how the fruits of labor go to stockholders, rather than to the people who are producing it. That the people making the money in this country are the corporations.
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3 comments:
What an idiot.. Lets take share holder return away and see who invests in the companies and how long these people stay employed...
Bill Clinton started the ball rolling that led to the recession when he expanded the Community Reinvestment act forcing the lenders to approve risky loans. President GW Bush when elected saw the handwriting on the wall, and suggested something had to be done and predicted the crisis, and wanted Congressional hearings held. Then came democrat Barney Frank and his infamous "These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis," which ultimately resulted in the democratically controlled Congress at the time nixing any hearings on the matter.
So when Obama claims to have inherited the economic crisis from President Bush, the Liar-In-Chief fails to mention the fault rests exclusively on the backs of the democrats and had they listened to Pres Bush, the country would not be in the mess it is in (and has gotten worse under Obama especially for those in the black communities where unemployment is about 12-16%-was only 7% under Pres Bush.)
I think that is the only thing Biden has gotten right. I had an 8th grade civics teacher that told us the year Nixon was indicted, that shaming the nation would hurt our economy. That's what happened with Clinton. Mr. Tom Smith was correct. Now, our current president is shaming this nation daily.
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