Does capitalism work?

Discussion in 'Business & Economics' started by lixluke, Jul 12, 2006.


Does capitalism work?

  1. Yes

    76 vote(s)
  2. No

    45 vote(s)
  1. iceaura Valued Senior Member

    That was none of Clinton's doing - he did not write or push for that bill, or the even worse and more immediately malign Commodity Futures Modernization Act that followed - they were muscled in by the Republican Congress (Phil Gramm, for example) and their provisions overseen by those Republicans and the dependably cooperative and lax W administration.

    Clinton did not have the political leverage, in the wake of impeachment (and possibly in consequence of deals cut during that evil time), to oppose bills favored by large margins in Congress, or to veto entire budget measures over single provisions put in at the last minute (as with the Commodity bill). The Republicans had already shut down the government once, and had the muscle to override any veto, even shut the place down again, and blame the fiasco on him.

    Not that he signed Gramm Leach Billey reluctantly, or under protest - he was the guy that got NAFTA through, recall - but he played no central role in any of the deregulation nonsense that lit the rocket.
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