Posts Tagged ‘DotCom’

The REAL Political Legacy Of Bill Clinton Is NOT What The Left Wants You To Know

November 12, 2012

I responded to a typical weasel comment with enough facts and frankly enough words to turn the truth about the Clinton presidency into an article.  Here’s the typical weasel comment:

This post is a bunch of lies.. Clinton left a surplus

And my response:

Just can’t get away from stupid people, can I?

U.S. National Debt

09/30/1993    –    $4,411,488,883,139.38

09/30/1994    –    $4,692,749,910,013.32

09/29/1995    –    $4,973,982,900,709.39

09/30/1996    –    $5,224,810,939,135.73

09/30/1997    –    $5,413,146,011,397.34

09/30/1998    –    $5,526,193,008,897.62

09/30/1999    –    $5,656,270,901,615.43

09/30/2000    –    $5,674,178,209,886.86

09/30/2001    –    $5,807,463,412,200.06

These are official Treasury Dept taken from the Treasury’s site.  The numbers between 1993 and 1999 are here and the numbers from 2000 to 2001 are here.

I want you to notice, you deluded dumbass, that every single year of the Clinton presidency the national debt went UPTHAT IS A FACT.  In the very real world, Bill Clinton never left us with so much as a penny of “surplus.”  Every single year of Slick Willie’s presidency, we got more debt and then more debt.

Bill Clinton assumed office in 1993.  Two years later, in 1994, the people were so angry at the fact that “Clinton gold” turned out to be Iron Pyrite that they voted overwhelmingly for Republicans in the greatest historic asskicking of all time.  Clinton lost both the House and the Senate to Republicans, and in fact never got either back for his entire presidency.

Bill Clinton said “the era of big government is over” in January 1996, which put the kibosh on liberal ideas for the rest of the Clinton presidency as Clinton governed as a moderate Republican from that point on.

In 1997, the Taxpayer Relief Act was passed by the Republican House and the Republican Senate before being signed into law by Bill Clinton.  As a result of those REPUBLICAN TAX REFORMS, federal income tax revenues surged just as they ALWAYS surge when the American people are allowed to keep more of their own money and invest that money far better than bureaucratic government EVER has or ever WILL.  And as a result, we actually briefly got to a federal budget surplus.  Because of Republicans and because “the era of big government was over” and because Democrats had had their asses kicked and ONLY because of those things.

It’s interesting.  Republicans controlled both the House of Representatives and the U.S. Senate when we actually got our “balanced budget.”  And yet historically somehow the mainstream media gave Bill Clinton and the Democrat Party ALL the credit and the Republican majorities that had actually passed all the legislation that created that balanced budget zero credit.  It’s particularly amazing given the fact that Barack Obama controlled the White House, held a filibuster-proof majority in the Senate, AND controlled the House of Representatives his first two years in office, but the failure of the Obama economic policy is blamed on the fact that for two of Obama’s first four years Republicans held the House.  Basically, Democrats can never be blamed and must be given all the credit; whereas Republicans cannot receive any credit and must be given all the blame.

The same people who constantly lecture the Republicans about “obstructionism” somehow never recall the years when George Bush was confronted with massive Democrat obstructionism.  Obstructionism, was, of course, good and noble when Democrats were blocking virtually every single thing Bush tried to accomplish.  It is only evil if Republicans try to block anything their messiah Obama wants to do.

Now, sadly, 9/11 happened because Bill Clinton left America weak and blind.  Why did America get attacked on 9/11?  Because Bill Clinton showed so much weakness in 1993 in Somalia that a man we would one day know very well said:

“Our boys no longer viewed America as a superpower. So, when they left Afghanistan, they went to Somalia and prepared themselves carefully for a long war. They had thought that the Americans were like the Russians, so they trained and prepared. They were stunned when they discovered how low was the morale of the American soldier. America had entered with 30,000 soldiers in addition to thousands of soldiers from different countries in the world. … As I said, our boys were shocked by the low morale of the American soldier and they realized that the American soldier was just a paper tiger. He was unable to endure the strikes that were dealt to his army, so he fled, and America had to stop all its bragging and all that noise it was making in the press…” — Osama bin Laden

Osama bin Laden began to prepare for a massive attack on America.  Oh, yes, he and his fellow terrorists hit America again and again: they hit the World Trade Center for the first time in 1993.  In 1996 they hit the Khobar Towers where hundreds of American servicemen were living.  In 1998 two embassies in Africa (Kenya and Tanzania) were bombed and destroyed by terrorists.  And in 2000, terrorists hit and severely damaged the U.S.S. Cole.  And Bill Clinton proved bin Laden’s thesis correct by doing exactly NOTHING.

Meanwhile, all throughout the Clinton presidency, al Qaeda was preparing to strike us.  They brought in all the terrorists who would devastate us with their second attack on the World Trade Center on 9/11 2001 during Bill Clinton’s watch.

America was both weak and blind due to Bill Clinton’s gutting both the military and our intelligence capability.  And of course, being blind and unable to see what was coming would hurt us deeply:

Author James Risen won the Pulitzer Prize on Tuesday for his much ballyhooed New York Times report last December that revealed President Bush’s previously secret terrorist surveillance program – a revelation he uncovered while researching his book “State of War.”

In the same book, however, Risen makes an equally explosive claim about President Clinton’s relationship with the CIA – which his editors at the Times have so far declined to cover.

Upon taking power in 1993, Risen reports, the Clinton administration “began slashing the intelligence budget in search of a peace dividend, and Bill Clinton showed almost no interest in intelligence matters.”  The agency cutbacks combined with presidential disinterest took their toll almost immediately.

“Over a three-or-four-year period in the early-to-mid 1990s,” reports Risen, “virtually an entire generation of CIA officers – the people who had won the Cold War – quit or retired. One CIA veteran compared the agency to an airline that had lost all of is senior pilots . . . “

After Clinton CIA Director John Deutch cashiered several senior officers over a scandal in Guatamala, the situation got even worse.

“Morale [at the CIA] plunged to new lows, and the agency became paralyzed by an aversion to high-risk espionage operations for fear they would lead to political flaps. Less willing to take big risks, the CIA was less able to recruit spies in dangerous places such as Iraq.”

And so we were hit on 9/11 and were completely blindsided by the attack because Bill Clinton gutted the military and the intelligence budget leaving us weak and blind.  And of course our spending skyrocketed because of the DotCom economic collapse that Bill Clinton left for George Bush that happened on Clinton’s watch but gutted $7.1 trillion in American wealth (almost as much as the Great Recession, btw) and which collapsed the value of the Nasdaq Valuation by fully 78% of its value as Bush was still trying to clean all the porn that the Clinton White House had left on the White House computers.  And so Bill Clinton handed George Bush a massive recession and like whip cream on top of his economic disaster he handed George Bush an even more massive terrorist attack.

But, hey, don’t worry.  Barack Obama is making all the same mistakes that Clinton made and then a whole bunch of even dumber mistakes that Clinton didn’t make.

Anyway, as you keep hearing that Obama will pave the streets with gold because Bill Clinton paved the streets with gold, please realize #1 that Clinton hardly ever paved the streets with gold and #2 realize that Barack Obama has not and will not govern the way Bill Clinton governed.

Do you know what bothers me the most about Obama’s reelection?  It’s that we have entered a profoundly different reality as a nation.  Barack Obama did NOT get reelected because he gave us a strong economy.  And both the polls before and AFTER the election document that many of the people who actually voted for Barack Obama believed that Mitt Romney would have given us a better economy.

Obama’s economic policy was a complete unmitigated disaster.  But what you need to understand is that a terrible economy makes for good politics for Democrats.  Because the worse the economy gets the more that increasingly amoral Americans will demand a stronger government safety net and welfare state.  Such that the worse Obama does economically the better he and Democrats will actually fair politically.

The beast is coming.

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Tom Brokaw: Obama Is Going To Have To Answer For His Out-Of Control Deficit. And HOW He Is.

October 16, 2012

When even doctrinaire liberal statesmen start saying stuff like this, Obama is in trouble:

Brokaw: ‘Obama Is Going to Have to Answer For’ Exploding Budget Deficit ‘On His Watch’
By Noel Sheppard | October 14, 2012 | 13:00

Criticism of Barack Obama came from a surprising source Sunday.

Appearing on Meet the Press, former NBC Nightly News anchor  Tom Brokaw said the President “is going to have to answer for” the explosion in  the federal budget deficit that “happened on his watch” (video follows with  transcript and commentary):

[See embedded video at Newsbusters for Brokaw saying the following on video]

DAVID GREGORY, HOST: The issue of the debt, the issue of  taxes. I think it’s important to get to one of the big issues here. We have got  to in these final few weeks try to reach some resolution about this revenue  issue, whether we raise revenue to deal with the debt, because whether it’s  Medicare or whether it’s dealing with the debt level at the level that it’s at,  without agreement on both sides, we’re not going to be able to tackle some of  the more difficult issues, Tom.

TOM BROKAW: You know, I think that both campaigns have  failed to say to the American public, “This is going to be hard. This is a real  crisis in America.” You look at the IMF projections about where the global  economy is now. They’re saying you have to get your act together. We could be in  another recession next year at this time. They’ve got to level with the American  people about everyone’s going to have to give something. And there is going to  have to be some revenue raised at some point as well. I do think that the  governor is right, and we’ll expect to hear Governor Romney go after President  Obama this time about, “I want more details about your plan. You keep harping on  me. I haven’t heard the details in your plan as well.”

I looked at that  debate we that talked about a moment ago, it was playing last night on C-SPAN,  and governor [sic], now President Obama was saying, “Look, we’ve got a deficit  of half a trillion dollars. I’m going to get that under control.” Well, this  week, that deficit is $1.1 trillion and it happened on his watch. He is going to  have to answer for that.

Imagine that – Obama is going to have to answer for something.

Of course, the question is whether this is going to happen or if his media  will continue to allow him to not speak to this issue as they press Romney for  answers right through Election Day.

Stay tuned.

I’ve said it over and over and over.  All you have to do is use my blog’s search engine and type in “deficit” or “debt” to find that out.  Conservatives have been saying it.  Republicans have been saying it.  Mitt Romney and Paul Ryan and the entire Romney campaign have been saying it.

But up to now, the elite media have refused to say it.  Until now.

The fact that it has been the brazen truth for four miserable years is completely beside the point, of course.

Look, the last budget under George W. Bush had a deficit of $455 billion:

Federal deficit hits record $455 billion
The shortfall for fiscal 2008 is larger than was feared. It is likely to be a key issue in the last weeks of the campaign.
October 15, 2008|Richard Simon | Times Staff Writer

WASHINGTON — Compounding terrible economic news, budget officials announced Tuesday that the federal deficit has soared to a record $455 billion, injecting new urgency into the closing days of the presidential campaign about spending in Washington, including efforts to stem the financial disaster.

The final accounting for fiscal 2008 produced a larger shortfall than had been projected, reflecting the start of federal efforts to address the economic emergency. It is certain to become a significant issue in the campaign, confronting the candidates with new questions about their growing slate of proposals for new spending and tax cuts at a time when red ink is surging.

[…]

Democrats blamed Bush and his Republican allies in Congress for wiping out a budget surplus inherited from the Clinton administration through tax cuts that have been criticized for favoring the wealthy and through other spending.

Rep. Paul D. Ryan of Wisconsin, the top Republican on the House Budget Committee, said the deficit was a “warning sign of the immense fiscal challenges just beginning to arise with the retirement of the baby boomers” and should be viewed as a call for Congress to control spending.

Now, I want you to notice that ending: Democrats demonized the other side and blamed them for everything (ignoring the fact that Democrats had controlled both the House of Representatives AND the US Senate for the previous two years, while Paul Ryan said we need to do something to fix our spending crisis or we will be in huge trouble soon.  One side focused on blame and demagoguery, the other side tried to get something done to fix the problem.

Democrats have lied and deceived about the Bush tax cut creating deficits for years, and they are dishonest.  Do you know which year produced the highest federal income tax revenue in American history, kids?  Was it in 1962 when the top marginal rate was over ninety damn percent?  No.  Was it back when we’re told that Bill Clinton paved every street in America with gold?  Nope.  It was the year 2007 thanks to George W. Bush’s tax cuts that encouraged people to start businesses and increase their investments.  That year, the United States raised a record $1,163,472 in individual income tax revenue and an also-record $370-plus billion in corporate income tax revenue.

That increase in tax revenues began almost IMMEDIATELY because of the Bush tax cut, for the official historic record.  Because Bush’s 2003 tax cut:

raised federal tax receipts by $785 billion, the largest four-year revenue increase in U.S. history. In fiscal 2007, which ended last month, the government took in 6.7% more tax revenues than in 2006.

These increases in tax revenue have substantially reduced the federal budget deficits. In 2004 the deficit was $413 billion, or 3.5% of gross domestic product. It narrowed to $318 billion in 2005, $248 billion in 2006 and $163 billion in 2007. That last figure is just 1.2% of GDP, which is half of the average of the past 50 years.

Lower tax rates have been so successful in spurring growth that the percentage of federal income taxes paid by the very wealthy has increased. According to the Treasury Department, the top 1% of income tax filers paid just 19% of income taxes in 1980 (when the top tax rate was 70%), and 36% in 2003, the year the Bush tax cuts took effect (when the top rate became 35%). The top 5% of income taxpayers went from 37% of taxes paid to 56%, and the top 10% from 49% to 68% of taxes paid. And the amount of taxes paid by those earning more than $1 million a year rose to $236 billion in 2005 from $132 billion in 2003, a 78% increase.

Even the New York Freaking Liberal TIMES was forced to acknowledge that the Bush tax cut had INCREASED FEDERAL TAX REVENUES:

Sharp Rise in Tax Revenue to Pare U.S. Deficit By EDMUND L. ANDREWS Published: July 13, 2005

WASHINGTON, July 12 – For the first time since President Bush took office, an unexpected leap in tax revenue is about to shrink the federal budget deficit this year, by nearly $100 billion.

A Jump in Corporate Payments On Wednesday, White House officials plan to announce that the deficit for the 2005 fiscal year, which ends in September, will be far smaller than the $427 billion they estimated in February.

Mr. Bush plans to hail the improvement at a cabinet meeting and to cite it as validation of his argument that tax cuts would stimulate the economy and ultimately help pay for themselves.

Based on revenue and spending data through June, the budget deficit for the first nine months of the fiscal year was $251 billion, $76 billion lower than the $327 billion gap recorded at the corresponding point a year earlier.

The Congressional Budget Office estimated last week that the deficit for the full fiscal year, which reached $412 billion in 2004, could be “significantly less than $350 billion, perhaps below $325 billion.” The big surprise has been in tax revenue, which is running nearly 15 percent higher than in 2004. Corporate tax revenue has soared about 40 percent, after languishing for four years, and individual tax revenue is up as well.

If you claim that the Bush tax cuts increased the deficit and blame Bush for the whopping deficit and stunning debt, you are therefore, henceforth, ergo sum and ipso facto a documented LIAR.  Because the fact is that the Bush tax cuts increased revenue and revenues have since PLUNGED because Barack Obama has spent the last four years demonizing the wealthy and threatening every single year to attack them with punitive tax rates.

By the way, I mentioned the top rate being over ninety percent in the 1960s; do you know that under Obama and his constant demagoguery of higher taxes for the rich, under Obama we’ve suffered the biggest drop in revenues SINCE the 1960s when the top marginal tax rate was over ninety percent and the wealthy were sheltering their money rather than using it to create jobs and increase investment?

Interestingly, in spite of the DotCom recession that Clinton created and handed to George Bush – which vaporized $7.1 trillion in American wealth and which annihilated 78% of the Nasdaq stock index valuation – George Bush that year produced over $160 billion more dollars in revenue than Bill Clinton EVER did in his very best year.  So how the hell is a tax cut plan that INCREASES tax revenues to blame for increasing the deficit other than the fact that being a Democrat is tantamount to being a pathologically dishonest and deranged weasel???

I have documented that every single time we have EVER cut tax rates in American history – EVERY SINGLE TIME – America has increased its federal income tax revenues.  That is what happened when Calvin Coolidge tried it; that is what happened when John F. Kennedy tried it; that is what happened when Ronald Reagan tried it; and that is what the hell happened when George W. Bush tried it.

Barack Obama is a pathologically dishonest liar.  What he did was pile up a massive, enormous load of debt and then blame it on Bush.  Let’s review that Obama spending:

It is Obama’s assertion that it was President Damn Bush who passed the $862 billion stimulus on February 17, 2009.

It is Obama’s assertion that it was President Damn Bush who did that $79 billion bailout for Government Motors and their union Democrats in 2009.  Obama claimed the credit but stuck Bush with the bill because Obama did it in 2009.

It is Obama’s assertion that it was President Damn Bush who signed that $410 billion Omnibus bill in March of 2009.  Again, Bush’s fiscal year, therefore it must have been Bush who spent that money.

It is Obama’s assertion that it was President Damn Bush who left $350 billion in TARP money to President Damn Bush who spent it in early 2009.  Because according to actual reality Bush spent half of the $700 billion TARP fund and left the other half for Obama to spend.

It is Obama’s assertion that it was President Damn Bush who rammed that damned $2.6 trillion ObamaCare – Ooh, I’m sorry, BusheyCare bill – down our collectivist throats at the end of 2009.

Obama made some other incredibly deceitful and frankly demonic assertions in his budget math, too.  Obama asserted that the Iraq War would have gone on FOREVER unless he, the messiah, had ended it.  It didn’t matter that Bush won the Iraq War in spite of Obama’s demagoguery or that Bush negotiated the final status of forces agreement that the US followed when we pulled out our troops to “give Obama his great achievement.”  But Obama claimed that in “ending” the Iraq War on Bush’s timetable, Obama somehow saved $700 billion over Bush.  And of course Obama MASSIVELY increased the war in Afghanistan (something which Bush wisely avoided) such that more than 70% of all the American soldiers killed in Afghanistan were killed under Obama’s four years with fewer than 30% being killed over Bush’s eight years in Afghanistan.  But in Obama’s math, he inherited the war in Afghanistan and it doesn’t matter one wit if he’s the fool who massively escalated that war or not.  Bush gets the blame, regardless of what the subject is, and Obama gets the credit.

So of course by Obama’s logic Bush is somehow responsible for ALL the SPENDING of the two wars (including the nearly twelve-year-long war in Afghanistan that Obama massively escalated before cutting and losing), and Obama is responsible for all the SAVINGS from the same wars.

In any event, Obama managed to turn an actual Bush $455 billion budget deficit that Bush left him into an imaginary trillion-dollar deficit and then promised categorically that he would cut that deficit he “inherited” in half by the end of his first term.

And of course the problem is that Obama is a liar by EVEN HIS OWN INCREDIBLY DISHONEST METRICHis promise to cut the deficit in half was just one more among all the other major promises that he broke.

And now Obama is going to make a whole bunch of the same sort of promises he made before and he’ll be just as dishonest about keeping them as he was the last damn time we believed his lies.

Why Wasn’t Bill Clinton Responsible For The DotCom Collapse And 9/11 When Bush Is Still Responsible For Obama’s Economy FOUR YEARS LATER???

October 1, 2012

As we near the end of Obama’s FOURTH YEAR IN OFFICE, we had an amazing claim from our blamer-in-chief:

KROFT: The national debt has gone up sixty percent in — in the four years that you’ve been in office.

OBAMA: Well, first — first of all, Steve, I think it’s important to understand the context here. When I came into office, I inherited the biggest deficit in our history. And over the last four years, the deficit has gone up, but ninety percent of that is as a consequence of two wars that weren’t paid for, as a consequence of tax cuts that weren’t paid for, a prescription drug plan that was not paid for, and then the worst economic crisis since the Great Depression.  Now we took some emergency actions, but that accounts for about 10 percent of this increase in the deficit, and we have actually seen the federal government grow at a slower pace than at any time since Dwight Eisenhower, in fact, substantially lower than the federal government grew under either Ronald Reagan or George Bush.

In his devastating Washington Post fact check that gave Obama 100% of the pinnochios for the worst possible example of lying, “Kessler says it’s the other way around — that Bush policies account for about 10% of the current annual structural budget deficit, and the rest is evenly split between bad projections from the CBO and Obama’s spending and economic policies.”

Four years.  It took the media four freaking years to say, “ENOUGH WITH YOUR DAMNED LYING EXCUSES!!!”  FOUR YEARS.

George Bush gave us $4 trillion in debt over eight years and Obama said that was “irresponsible” and even “unpatriotic.”  Obama has given America $6 trillion in debt in just four years.  And a hell of a lot more than that, if you look at our actual debt which is now well over $222 trillion.

I point out in a comment to a liberal demagogue how Obama tries to blame Bush for the massive spending.  Bush left office having produced a budget containing a $400 billion deficit that Democrats decried for the cuts.  What Obama then does is spend the first nine months of his presidency spending like a lunatic: he spends $79 billion of taxpayer money on his GM bailout – and of course has taken complete credit as the president who saved GM – while blaming Bush for its entire cost.  Obama spends $862 billion – which according to the CBO will ultimately cost American taxpayers $3.27 trillion – on his stimulus.  Then in March 2009 Obama spends another $410 billion in his Omnibus bill.  Meanwhile, Obama is spending the second half of the $350 billion in TARP funds that he voted for and which funds he demanded.  So what Obama dishonestly does is add all that spending up – HIS OWN spending – and attributes it to Bush so that he can claim this horrendous deficit that he “inherited.”  And so Obama artificially and deceitfully manufactures this enormous Bush deficit that he’s somehow a victim of – even though ninety percent of the spending in that deficit is HIS.

But that’s just the beginning of Obama’s dishonesty.  Look what he does to “the two wars.”

First the Iraq War.  Bush WON the Iraq War before Obama took office and signed the status of forces agreement before Obama took office.  We had won the war such that Bush was beginning to withdraw surge forces as early as 2007.  And yet somehow when US troops finalize their withdrawal according to Bush’s victory and according to Bush’s status of forces agreement, it is Obama who takes full credit.  Joe Biden actually had the chutzpah to claim that the Iraq War victory that he and his boss Obama had done everything they could to prevent was going to be “one of Obama’s great achievements.”  What Obama then does is equally despicable: he assumes in his numbers that the Iraq War that was already won when he came into office would have gone on forever if Messiah Obama had not won it, looks at the high-point of Bush’s spending during the war and creates another “baseline,” and then announces that in winning the war he has saved America more than $700 billion.  That Obama can spend on his policies while simultaneously blaming that spending on Bush.

Now the Afghanistan War.  Rather than look up the spending in dollars, I’ll produce the cost of the war under Bush and under Obama in American lives (as of September 28, 2012):

Whether you look at it in dollars or in lives, you’ll find that Obama is responsible for over 70 percent of the cost of the Afghanistan War.  Because you see, what Obama did was perform an incredibly cynical political calculation.  Obama demonized Iraq as “the bad war” and made Afghanistan – in which Bush was merely performing a holding action – into “the good war” as a way to attack Bush in Iraq.  Obama in effect said we shouldn’t be fighting in Iraq where the flat terrain allowed full movement and maneuver of our air, artillery and armored power and an educated population made victory possible; we should be fighting in a mountainous hellhole where we couldn’t utilize our military advantages and where the people were so ignorant they would believe every lie they were told and go on fighting forever instead.  That is literally what Obama effectively said.  And Obama is saying, “It’s not MY fault that I massively increased the war in Afghanistan; it’s Bush’s fault I did that.”  And Obama is claiming credit for the Iraq War that Bush won and blaming Bush for the Afghanistan War that he has virtually lost.

Let me move on to the economy.

You have to ask the question, why was George Bush responsible for ninety percent of Obama’s entire presidency as far as the mainstream media was concerned, but Bill Clinton wasn’t responsible for the DotCom bubble collapse that happened on his watch and that Bush inherited???  Why did we never hear 900,000 stories from the media on how Clinton was to blame and in conclusion nobody could reasonably blame Bush for it???

Clinton’s DotCom crash resulted in $7.1 trillion in American wealth being vaporized:

The Market Capitalization of the Dow Jones Wilshire 5000 Full Cap was $16.7 Trillion as of April 30, 2008. Comparatively, the market cap at the end of Q1 in 2000 was approximately $16 trillion (only slightly smaller). However, between 2000 Q1 and Q1 2003 the index lost a stunning 43% of its valuation. In other words, $7.1 Trillion of wealth was lost. This stunning number includes the completeness of the crash.

Who was still president in the first quarter of the fiscal year 2000 when this disaster began to blow up?  It was the guy who was still president on January 20, 2001 when George Bush assumed – and dare I say “inherited” – the office of the president.

Here’s another number to think about: 78%.  Because “The Nasdaq Composite lost  78% of its value as it fell from 5046.86 to 1114.11” as it collapsed between March 11, 2000 to October 9, 2002.

Obviously, there was a problem. The first shots through this bubble came from  the companies themselves: many reported huge losses and some folded outright  within months of their offering. Siliconaires were moving out of $4 million  estates and back to the room above their parents’ garage. In the year 1999,  there were 457 IPOs, most of which were internet and technology related. Of  those 457 IPOs, 117 doubled in price on the first day of trading. In  2001 the number of IPOs dwindled to 76, and none of them doubled on the first  day of trading.

I want to know why Bush is still responsible for Obama’s entire economic mess four years later when Bill Clinton was never held responsible for so much as one second of Bush’s mess.  I want to understand why Democrats are lying, dishonest, hypocrite slime whose only talent is bankrupting America and then demagoguing Republicans for what they did.

You find out that the Dotcom bubble began to grow huge in 1995 and virtually all of Clinton’s economic “success” that didn’t have to do with the policies of the Republican House and the Republican Senate that swept into power in 1995 as a result of the historic 1994 asskicking as a result of Clinton’s and the Democrat Party’s abject failure had to do with the inflation of that damn bubble.  Clinton fanned the flames of that Dotcom bubble because he knew that it would explode on the next president’s watch and that Democrats were far too personally and pathologically dishonest to ever blame HIM for it.

And yet Bill Clinton saunters before the 2012 Democrat National Convention and gives a speech saying “You can’t blame Obama for this disaster of an economy.  Why, even I couldn’t have fixed it.”  And the liberal media listen to their former messiah absolve their current messiah and ignore the fact that Bill Clinton is a serial liar who was DISBARRED by the Supreme Court for LYING as well as a serial womanizing sexual predator who sexually abused five women and they said, “Well, that settles it.  NO one can blame ‘the One’ now; the former ‘One’ has spoken.”  And the “War on Women” party cheers.

Let’s see: Juanita Broaddrick credibly accused Bill Clinton of raping her. There’s no question Bill Clinton had a sexual affair with Gennifer Flowers – and lied about it. Bill Clinton paid Paula Jones $850,000 to settle her sexual harassment case against him. Kathleen Willey was a loyal Democrat and supporter of Bill Clinton until he grabbed her hand and placed it on his genitalia. And then we all know about how he lied about his sexual affair with Monica Lewinsky, even calling her a “stalker,” until it was revealed that she had a dress with his semen on it.

Yeah, I’d trust Bill Clinton.  Every bit as much as Monica Lewinsky’s father would trust Bill Clinton with Monica’s younger sister.

As a result of his “I did not have sexual relations with that woman, Miss Lewinsky” bullcrap, Bill Clinton was DISBARRED FROM PRACTICING LAW.

Lawyers constitute the fourth most distrusted profession in America.  And Bill Clinton was too dishonest to remain part of it.  That should only add to the weight that the slickest politician of all time – he was nicknamed “Slick Willie” as governor of Arkansas for damn good reason – is the king of the second most distrusted profession in America as a politician.

And so, yeah, if I were in the market for a used car, and Bill Clinton came out as the salesman, I would go find myself another used car salesman.

And I actually failed to mention Paula Jones, who successfully SUED Bill Clinton for his sexual harassment.

Yeah, let’s trust Slick Willy.  Because we are as evil as we are stupid on the days that we aren’t as stupid as we are evil.

But I’m just getting started.

Why is it that George Bush is still held responsible for the Obama’s presidency four years later when the same people who hold George Bush responsible wouldn’t hold Bill Clinton responsible for a disaster that happened seven months and 22 days into Bush’s presidency (still during Clinton’s fiscal year, for what it’s worth).  Because we had a terrible terrorist attack on September 11, 2001, just seven months into Bush’s presidency, and it was a) Bush’s fault and b) we shouldn’t be wasting time passing blame, anyway, if you began asking too many questions about just why the hell it was Bush’s fault.

It wasn’t George Bush who decimated the CIA; it was Bill Clinton:

Thursday, April 20, 2006 1:13 a.m. EDT
Pulitzer Winner: Bill Clinton Decimated the CIA

Author James Risen won the Pulitzer Prize on Tuesday for his much ballyhooed New York Times report last December that revealed President Bush’s previously secret terrorist surveillance program – a revelation he uncovered while researching his book “State of War.”

In the same book, however, Risen makes an equally explosive claim about President Clinton’s relationship with the CIA – which his editors at the Times have so far declined to cover.

Upon taking power in 1993, Risen reports, the Clinton administration “began slashing the intelligence budget in search of a peace dividend, and Bill Clinton showed almost no interest in intelligence matters.”

The agency cutbacks combined with presidential disinterest took their toll almost immediately.

 “Over a three-or-four-year period in the early-to-mid 1990s,” reports Risen, “virtually an entire generation of CIA officers – the people who had won the Cold War – quit or retired. One CIA veteran compared the agency to an airline that had lost all of is senior pilots . . . “

After Clinton CIA Director John Deutch cashiered several senior officers over a scandal in Guatamala, the situation got even worse.

“Morale [at the CIA] plunged to new lows, and the agency became paralyzed by an aversion to high-risk espionage operations for fear they would lead to political flaps. Less willing to take big risks, the CIA was less able to recruit spies in dangerous places such as Iraq.”

The Clinton era of risk aversion also hobbled CIA efforts to get Osama bin Laden. In early 1998, Risen says, the agency was prepared to launch a special operation to kidnap the al Qaeda chief in Afghanistan.

“To be sure the operation was high risk, and there was a strong possibility that it would be so messy that bin Laden would be killed rather than captured. [CIA Director George] Tenet and the CIA’s lawyers worried deeply about that issue; they believed the covert action finding on al Qaeda that President Clinton had signed authorized only bin Laden’s capture, not his death.”

Frustrated by restrictions that made dealing with the big challenges too difficult, the agency turned its energy to lesser problems.

Reports Risen: “Thanks to Vice President Al Gore, for example, the CIA briefly made the global environment one of is priorities.”

What Clinton did to the CIA he did to the Pentagon and the military.  He gave them less and less and less money while simultaneously tasking them with more and more and more costly missions.

Add to that the infamous Blackhawk Down fiasco in which Clinton expanded the humanitarian mission to Somalia began under George H.W. Bush into a military action without bothering to provide the US forces the heavy armor they needed.

It was after that disaster that an emboldened Osama bin Laden said:

Our boys no longer viewed America as a superpower. So, when they left Afghanistan, they went to Somalia and prepared themselves carefully for a long war. They had thought that the Americans were like the Russians, so they trained and prepared. They were stunned when they discovered how low was the morale of the American soldier. America had entered with 30,000 soldiers in addition to thousands of soldiers from different countries in the world. … As I said, our boys were shocked by the low morale of the American soldier and they realized that the American soldier was just a paper tiger. He was unable to endure the strikes that were dealt to his army, so he fled, and America had to stop all its bragging and all that noise it was making in the press after the Gulf War in which it destroyed the infrastructure and the milk and dairy industry that was vital for the infants and the children and the civilians and blew up dams which were necessary for the crops people grew to feed their families. Proud of this destruction, America assumed the titles of world leader and master of the new world order. After a few blows, it forgot all about those titles and rushed out of Somalia in shame and disgrace, dragging the bodies of its soldiers. America stopped calling itself world leader and master of the new world order, and its politicians realized that those titles were too big for them and that they were unworthy of them. I was in Sudan when this happened. I was very happy to learn of that great defeat that America suffered, so was every Muslim. …

And bin Laden said that America was a weak paper tiger and we’d crawl out dragging our dead because that’s exactly what Bill Clinton had done in Somalia in 1993.

On 9/11/2001, the United States was both weak and blind.  And to quote Obama’s “reverend,” “our chickens came home to roost” for our weakness and blindness as we were hit with the worst attack on American soil in our history.

Just why the hell is it that the same damn hypocrite left that says, “One year of failure, two years of failure, three years of failure, four years of failure, hell, EIGHT years of failure, it doesn’t matter – IT’S BUSH’S FAULT!” never ONCE blame Bill Clinton for either the Dotcom implosion that vaporized $7.1 trillion and sank America into recession?  Why didn’t these liberals say, “What happened during the Bush presidency was ENTIRELY Bill Clinton’s fault and Bush was forced to clean up Clinton’s mess and America is paying the price for Clinton’s sins.”???  Nobody in the media said that, in spite of the facts.  And now, very nearly everybody in the media is saying exactly that regarding George Bush being entirely to blame for Obama’s mess even after Obama has presided over his mess for four miserable years.

Why?!?!?  Other than the fact that if you are a liberal, you are therefore ipso facto and ergo sum a pathologically dishonest human being whose soul swims in lies?

You have to go back to the 1930s and the propaganda of Goebbels in Germany and TASS in Russia to find this level of media manipulation and deceit.  And we’re heading in the same direction: because we are being railroaded into making increasingly stupid and immoral decisions based on the constant stream of fabrications and dishonest narratives we’re being told.