Guest Post: The Bill Clinton Myth

Tyler Durden's picture

Submitted by James E. Miller of the Ludwig von Mises Institute

The Bill Clinton Myth

Earlier this week, former U.S. president Bill Clinton gave the keynote address to the Democractic National Convention in an effort to lend some of his popularity to Barack Obama.  With the unemployment rate still stubbornly high at 8.1%, Obama has lost many of the enthused voters who put him into the Oval Office in 2008.  Clinton was tapped to deliver the speech not only because of his image of a wonkish pragmatist but because of his presiding over the booming economy of the late 1990s.  Like a prized mule, Clinton was dragged out to give Democrats someone to point to and say that his policies were the hallmark of smart governance.

What attracts the left, both politicians and media, to Slick Willy is the fact that he presided over a thriving economy even while raising taxes.  This coincidence was championed as a justification for higher tax rates by Obama in his own speech before the DNC.

I want to reform the tax code so that it’s simple, fair, and asks the wealthiest households to pay higher taxes on incomes over $250,000 – the same rate we had when Bill Clinton was president; the same rate we had when our economy created nearly 23 million new jobs, the biggest surplus in history, and a lot of millionaires to boot.

The Clinton-era tax hikes, it is alleged, provided the federal government the means to create a healthy middle class.  Or at least that’s the only casual connection that can be gathered from such a philosophy.  The left claims that economic growth is driven primarily by middle class spending.  This spending needs to be subsidized in turn by government initiatives.  As Nobel Prize winning economist and class warrior Joseph Stiglitz puts it:

Many at the bottom, or even in the middle, are not living up to their potential, because the rich, needing few public services and worried that a strong government might redistribute income, use their political influence to cut taxes and curtail government spending. This leads to underinvestment in infrastructure, education, and technology, impeding the engines of growth.

Stiglitz’s thinking rests on the Keynesian theory that economies are reliant on strong levels of consumption and demand.  And with the right people in office, the state is the most capable institution of spending a nation into prosperity.

However this is a misunderstanding of the difference between spending by private individuals and political spending.  Government is incapable of being run like a business.  Enterprise is based off the principle of satisfying voluntary patrons with no guarantee of success.  Even in a hampered market economy where corporations receive special privileges via the state, the consumer remains the kingmaker.  On the other hand, government receives all income through coercive measures.  Profit and loss accounting is of little concern when losses are borne by the taxpayer and profits are immediately devoted to political projects.  Should the public Treasury run low, tax collectors can be sent forth to shakedown the unpresuming citizens.

When it comes to rational economic calculation, public officials need not worry about spending money effectively. To attribute increased revenue being taxed away from the private economy with robust growth misconstrues how wealth is created.  Government doesn’t create wealth; it merely transfers it between parties.  Similarly, it only consumes capital that has already been produced.  Because society existed before the state and because the state functions off of what it pilfers from society, public expenditures do not add to net wealth.  In order for one tax dollar to be spent, it has to be first taken from the pocket of a taxpayer.  Whatever subjective desires could have been achieved by that dollar become overridden to satisfy the whims of the political class.

As journalist of the old right Garet Garrett wrote in his vital essay “The Revolution Was

If you raise agricultural prices to increase the farmer’s income the wage earner has to pay more for food. If you raise wages to increase the wage earner’s income the farmer has to pay more for everything he buys. And if you raise farm prices and wages both it is again as it was before. Nevertheless, to win the adherence which is indispensable you have to promise to increase the income of the farmer without hurting the wage earner and to increase the wage earner’s income without hurting the farmer. The only solution so far has been one of acrobatics.

The money distributed by politicians and bureaucrats is forever stained with previous sin.  The fact that the economy didn’t stagnate under higher taxes during Clinton’s term in office doesn’t demonstrate that taxation has no harmful effects.  Economies aren’t closed experiments where one variable can be introduced and the effects observed.  There are far too many factors at play.  Concrete theories based off certain truths must be applied in such a way to interpret date and wring sense out of it.  Good economic conditions weren’t a result of heightened taxes but instead prevailed in spite of them.  While the productivity gains from the newly widespread use of personal computers and the internet had a positive effect on growth, another factor often goes unmentioned.  The later-half of the 1990s may be looked back upon as golden years but much of the gains experienced by the stock market were not representative of organic growth.  A significant amount of investment came not from natural causes but from monetary manipulation by the Federal Reserve.  See the following chart for the year-over-year percentage of growth of the M2 money supply.

As Pace University professor of economics Joseph Salerno writes:

In 1992 and 1993, the Fed gunned the money supply increasing it at double-digit annual rates in an attempt to propel the economy into a more expeditious recovery.  In 1994, the Fed reversed course and held the monetary growth rate at low levels through 1995.  In 1996 it did another about-face and substantially increased the pace of monetary inflation through 1999.  Just as the Austrian business cycle theory predicted, real private investment soared from a low of 12 percent of GDP in 1991 to an unprecedented high of 20 percent of GDP by mid-2000 with a pause in the tight money years 1994-1995.

…like the stock bubble, the investment bubble was driven by monetary inflation and doomed to collapse whenever Greenspan decided that the economic data were signaling impending price inflation and slammed on the monetary brake.  This occurred last year (2000) when consumer price inflation shot up to nearly 4 percent per year and jolted Greenspan and the FOMC into raising short-term interest rates. Indeed the money supply actually shrunk by $20 billion and its annual rate of growth (year over year) plummeted from an average of 6.23 percent for the period1996-1999 to -1.24 percent in 2000.

This monetary tightening devastated the New Economy and the NASDAQ tanked, falling by over 50 percent from its high in March 2000.  But, even more importantly, it also brought the investment boom in the real sector of the economy to a screeching halt.

Like the decade that preceded the Great Depression, productivity gains which drove consumer prices downward masked the amount of monetary stimulus being pumped into the economy.  When the bubble collapsed, Greenspan once again turned to the printing press to bail himself out.  Instead of causing a bubble in the tech sector, the burst of inflation made its way into the housing sector.  By the time the housing bubble popped, Greenspan left the chairmanship of the Fed to great acclaim.  Milton Friedman writing in the Wall Street Journal declared Greenspan had “set the standard” for Fed chairmen in maintaining stable prices and growth.  In actuality, he and his colleagues of the Federal Open Market Committee were responsible for the continuation of the boom-bust cycle and current Great Recession.

Today, Clinton still takes credit for Greenspan’s manipulated boom.  His supporters on the left love nothing more than to point at his presidency as vindication of the backwards theory that higher taxes equal more growth.  Clinton wasn’t a policy wonk; he was a politician who dipped into the Social Security trust fund to give an appearance of balancing the budget while the national debt still climbed higher.

Through all of his financial scandals, womanizing, aggressive foreign policy approaches, and possible cover ups, it is actually fitting that Clinton is still looked to by the political establishment as someone worthy of respect.  He is representative of F.A. Hayek’s timeless lesson: in government the worst rise to the top and state power corrupts.

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bank guy in Brussels's picture

Let's not forget how Bill Clinton in 1992, put to death a mentally impaired black man, so he could get elected with a 'tough on crime' theme

Ricky Rector did not even realise he was being put to death ... he told the executioners he was saving his pecan pie dessert of his last meal in this world, for 'after my lethal injection', ordered by then-Governor of Arkansas Clinton

There was a BBC documentary done, 'The Killer and the Candidate' ... seems to be 'erased' now ...

Ayn NY's picture

Ted Bundy made me pro death penalty, Ricky Rector was the case that still makes me question the policy.

Almost Solvent's picture

I did not have sexual relations with that woman. I just got my rocks off down her throat, then that whore spit it out on her blue dress.

Bananamerican's picture

so what? who cares? Bill got blown

To reiterate, when you partisan righties reach for ammo from incidents like this, it makes you seem desperate, Machiavellian AND there's nothing else to fault the man with....

go back to your george w bush commemorative gatefolds....

"and leave the grownups in peace!" (that's my favorite neocon quip....That, and the one about "the hate")

You want some ammo spinster britches?

The Gramm–Leach–Bliley Act (GLB), also known as the Financial Services Modernization Act of 1999, (Pub.L. 106-102, 113 Stat. 1338, enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and aninsurance company. With the passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate. The legislation was signed into law by President Bill Clinton.


But you know this already.....

You SHOULD know this already.

Manthong's picture

And don’t forget that Clinton inflicted the Commodities and Futures Modernization Act of 2000 upon us which overturned bucket shop prohibitions and enabled the $700 Trillion derivatives overhang that is  accelerating the destruction of the world’s economy.

.. the icing on the 8 year evil Clinton cake.

RichardP's picture

Damn them Republicans.  Oh, wait ...

Michael's picture

Clinton signed NAFTA.

Clinton abolished Glass-Steagall.

Clinton changed the formula they use to calculate the unemployment rate they announce on Jewtube MSM TV so the percentage appears lower.

And he was responsible for the DOT-COM/NASDAQ bubble and bust covered up by 9/11 that nobody talks about!

How much money did that fuck head Clinton lose people there?

Clinton's contribution to the CRA abortion.  He's more responsible for the housing crash then all other presidents put together, yet I'm watching on TV saying yesterday's policies didn't work?  Hypocrisy, thy name is Bill.

And the sick twisted people love him for it.

The Clinton/Obama ass licking Democrat/Math Challenged persons, deserve what they get.

TruthInSunshine's picture

Ah yes, Bill Clinton, the Savior of the Middle Class, who signed NAFTA into law on Dec 8, 1993, along with bestowing Most Favored Nation Trade Status on China on May 28, 1993 (both of which Papa Bush- ex-CIA head and "new world order" afficianado, tee'd up for Billy), two of the modern legislative acts that decimated the American Middle Class in more and deeper ways that we have only begun to see.

All the world 'tis a stage...make that a comedy.

As former, actually competent, well-trained, well-paid and knowledgeable American wage earners now know, it's hard for even them to compete against foreign workers (in full-tilt Socialist/Communist nations) that make 1/40th (now, maybe 1/20th) what they used to. Even if it takes 10 of these foreign workers to be as productive as one of them, the math favors the foreign workers, especially when it's a pre-condition of selling multinational services/goods in those same foreign markets.

strannick's picture

Sounds like some miffed folks still are still routing for particular factions in the Dempublican Party

Bananamerican's picture

That's "rooting"....

and I'm guessing that "reading for comprehension" was not one of your strong suits in grade school.

My avatar shows W and O as Alfred E. Newman. Buy yourself a clue and see if you can figure out my own political stance.

As of this posting, you seem to have 15 RomneyTron2012™ voters for company (hey, I can make half-assed assumptions too!), no doubt furiously scouting the boards, at this moment, for MDB posts to red arrow (lol)

fourchan's picture

Bill Clinton was given the presidency due to his silence to bush senior over the Iran contra drug smuggling affair in bill Clintons Mena Arkansas.

In retrospect you can see how we the people are given presidents by those few in power, the trappings of voting mean exactly nothing. The cogs like the cia's agent seifert aka oliver north, or barry seal or dan lassitor just keep turning.

This republic has been lost, bought and sold to slave masters and greedy pricks who benefit from blind ignorance, I give thanks zh is here to point out the reality of the situations in this lost cause of a state. 

vato poco's picture

Golly, Banana! You hardcore, kneejerk, mind-numbed, koolaid-drinkin' lefty robots **really** don't like ANY criticism of your Dear Leaders, do ya. That 'reading not your strong suit' zinger WAS super original, though! And....BTW....your political stance is that of a child. "Close your eyes and wish and hope real _real_ hard, and maybe the Dear Leader will grant us our prayers!" Sadly, you have lots & lots of company, doncha. Legions of dumbshits, all of you mindlessly mouthing the slogans the profs made you memorize in skuel, mindlessly defending your moronic ideology and blindly attacking the Unbelievers and Heretics just like the profs instructed you to, still blissfully unaware that Santa isn't real.


TruthInSunshine's picture

Please, for the love of all that is decent, stop perpetuating the myth that there's a millimeter of difference between Republicans & Democrats on the very big issues (aka non-social wedge issues), or that Republicans & Democrats are annointed and work for the very same interests (i.e. NOT the American Citizenry). You're only aiding & abetting the Deep Capture crowd.


The false left-right paradigm has been a large element in the rot that has attacked the foundation of any notion that The United States is remotely close to anything genuinely resembling a Republican Form of a Constitutional Democracy.*


* In a Republic, the sovereignty resides with the people themselves.  In a Republic, one may act on his own or through his representatives when he chooses to solve a problem.  The people have no obligation to the government; instead, the government is a servant of the people, and obliged to its owner, "We the People."  Many politicians have lost sight of that fact. 

A Constitutional Republic has some similarities to democracy in that it uses democratic processes to elect representatives and pass new laws, etcThe critical difference lies in the fact that a Constitutional Republic has a Constitution that limits the powers of the government.  It also spells out how the government is structured, creating checks on its power and balancing power between the different branches.




Urban Redneck's picture

No dissection of Bubbanomics is complete without exposing the MYTH that he (or the Gingrich minions) balanced the budget.  The BUDGET GAP (albeit reduced) created by the White House and Congress was closed by the Satanic Triumvirate of Alan ZIRPspan, RubenShylock, and Fat Larry.  They took the public balance sheet and traded the thirty year fixed for a 5-year ARM, et voila- budget is balanced by virtue of an accounting gimmick, a reduction in `interest expense`.

A few years (one artificially created boom-bust cycle) later Bushy implores the public to do their their patriotic duty to support the CHINESE economy by mortgaging their houses and future to go out and buy more iShit from overseas.

Rinse, Repeat.

Or go back to the Roaring Twenties, and the early days of the Fed.  Interest-only ARMs had a simpler name, but functioned much the same, at least for the TBTFs that evicted the uppity Serfs, while the smaller banks failed left and right.  The NASDAQ didn’t exist, but if you flip through the newspaper advertisements the shocking similarity of the NYSE mania is self evident.

The fact that Keynesianism is not regarded as pure insanity is a testament to the failure of basic financial literacy and history in a dumbed down citizenry.

However, in response to the common cry of a pox on both your houses, and the ensuing childish self imposed time out in the corner, I recommend rereading Petrarch, acceptance of man’s in-consequence and inability to influence either The Man or Nature is downright medieval thinking and has been discredited for centuries longer than Keynes.

Then there is that whole CFMA thing...

Banking is nothing more then spread arithmatic, yet both the public and politicians are continually as stupified by it as a mark at a three card monte game. - IT’S THE INTEREST RATES, STUPID...

Larry Dallas's picture

Clinton was also the first to dip into defined contribution retirement plans by establishing the Roth IRA.

Slick move: pay taxes on conversion today with the - promise - that you would never pay taxes withdrawals when your retire. That move alone contributed to the budget surplus but the boomers and similarly aged sheeple will likely find out that they were lied to again.

With $14 Trillion in retirement assets, tell me the government hasn't been licking it's chops.

H/t Robert Rubin...

Michael's picture

Don't get me started on what Clinton did to our friends the Serbians.

Clashfan's picture

He may have signed it, but Bush 41 brought it.

Partisanship is silly.

johnQpublic's picture

75 million tax payer dollars to prove bill got his knob slobbed

75 million

which of these partisan assholes is responsible for paying that money back?

Michael's picture

Citizens United SCOTUS verdict did not make corporations people, otherwise they would be paying the AMT alternative minimum tax.

Hillary the Movie Trailer

Hillary Movie.avi

Can someone please upload the Citizens United documentary "Hillary: The Movie" on Youtube so we call all easily watch it and so our owners can't scrub it from the interlink?

roadhazard's picture

The right wing helped take Americans mind off of the fact that they were getting screwed by Repubicans and democraps while they all watched the blow job show. Typical misdirection. A POX on both Houses.

Clashfan's picture

It really served to help distract from bigger issues like Whitewater. See Arkansas Development Finance Authority. See Mena. See Bush. Oh, wait....

LMAOLORI's picture



Yea it's clearly all their fault (sarc) just like social security that clinton dipped into and obama threatened to withhold from the old people just a few months ago.  Here he is campaigning and lying again.

SEMINOLE, Fla.—Campaigning in a state that has long drawn retirees, President Barack Obama on Saturday promised to fight the privatization of Medicare and Social Security, the popular health and retirement programs for seniors.

In making the vow, Mr. Obama appeared to be implying that his Republican rival, Mitt Romney, supports Social Security privatization, which he doesn't.

LongBallsShortBrains's picture

Billy didn't lose a lot of peoples respect for getting blown. Billy could have answered that it was none of anybody's business but his own. Instead he CHOSE to lie about something that he did not even have to address.
That's the thing with people who casually lie without regard to consequence. They get away with lies until they are caught. Then their credibility suffers.

Billy was So sure that he wouldn't get found out, that instead he lied when he didn't have to.

I say good for Bill, he got a hummer. Bill the liar that is.

RichardP's picture

As stated in the the commentary surrounding the impeachment process - the conventional wisdom on Capitol Hill was/is that oral sex is not considered "sexual intercourse" or "sexual relations".  For the last number of years, the kids in high school think the same way, but they also put anal sex on the list of things that are not "sexual intercourse".

In the context of word definitioins used on Capitol Hill, Clinton did not lie when he said he did not have sexual relations with that woman.  All the politicians listening knew exactly what he meant.  Unfortunately, the listening public generally was not aware of the politician's meaning of that phrase.  That was Clinton's mistake, and I agree that he should have just said it was nobody's business.

On the other hand - don't gentlemen usually lie about such things in order to protect their ladies reputations?

A Nanny Moose's picture

For the last number of years, the kids in high school think the same way, but they also put anal sex on the list of things that are not "sexual intercourse".

Sodomy, when practiced on taxpayers is not intercourse either, I suppose.

Urban Redneck's picture


WHEREAS dumb kids might not know this.  All Parties the impeachment proceedings agree that this IS, and has been, an explicitely documented element of both US and Common Law for CENTURIES. 

The sideshow would never have happened if the public didnßt keep electing a Lawyer-in-Chief and the CongressCrittersUnion of the ABA. 

What`s shocking is that NOT ONE of the countless lawyers involved defined SEXUAL RELATIONS ...makes you wonder if they were all looking for a legal clusterfuck conclusion from the outset...

You can argue about the usage or definition of IS, but SODOMY and SEXUAL INTERCOURSE have very different defintions legally.

JR's picture

Bill Clinton is not morally qualified to be President of the United States. You can make definitions and you can buy out Congressmen and buy out the media, but you cannot buy out the foundation of this great country and trample through the sewer and say: You know what? It was legal!

You know what? There are people who say times change. But some things do not change and this is one of them. And for the people who think this has changed, they are mistaken. And they are making a serious mistake that the people and the country and its children are paying for.

If Andrew Jackson were here, he would shoot Clinton full of holes. And that is a standard that should never have been changed


nmewn's picture

lol...thats weird, I always defined sexual relations as one where there is risk of getting a sexually transmitted disease.

Friggin lawyers, ya gotta love em.'s picture

Damned dictionaries.


sexual relations

noun pl Definition of SEXUAL RELATIONS : coitus

nmewn's picture


Well, I wonder what all the hubbub was about that there Kama Sutra then ;-)

goldfish1's picture

good for Bill, he got a hummer ?????

yeah, that worked out real well. who knows how Bill and SHrill the liars may have been compromised, making deals for Israel and China, as the Lewinsky and other threats hung over their heads.

JR's picture

Bill Clinton was impeached, not for lying, but for getting caught in an act that repels most Americans, caught because of factual revelations concerning Monica Lewinsky; he only lied to try and save what little reputation he had left. Those who do not agree should just contemplate what would have happened to Clinton’s position if had explained on the stand, truthfully, what he did with Monica Lewinsky in the Oval Office. We all know what would have happened, of course; that would have been even too much for Republican Henry Hyde.

Clinton was impeached and he would have been removed from office if it hadn’t been for the complicit Republican leadership completely in the pockets of the ruling bankers.  Removal of a president would upset substantially the status quo and derail many of the bought-and-paid-for contracts bankers have with the Congress.

Bill Clinton is a fitting image for Time Magazine Man of the Year and for you as one of its readers, and for the Democrat Party as its keynote speaker.

Molestation, sodomy and copulation, lewd and lascivious acts with a young girl – I’m surprised a man, let alone a president, got away with it even in modern-day America. In some "more primitive" societies a man engaged in such lewd acts would have been killed.




vato poco's picture

No, JR, sorry to spoil your pretty little narrative, but all that above is just total bullshit. So "Bill lied to protct his rep", did he? How sweet. Unfortunately, he did it while *under oath*. You know: perjury. That crime Bill's Justice (LOL) Department put hundreds of people in prison for. See, lying under oath is a *crime* - and Bubba, as a lawyer, knew that. As a lawyer, he also knew that he DIDN'T HAVE TO ANSWER THE QUESTION. But Bubba was always sure he was the smartest guy in the room, and - being a sociopath - lying was much more fun & interesting, anyway.

He refuses to answer the question - takes the 5th - he takes some heat, sure. But eventually it all goes away, because - since there would have been no answer to fry him with - his tormentors would have had to slink away, emptyhanded. Bubba - like the current jackoff in the WH - overestimates his IQ by a large %. Telling that lie was easily the secons stupidest thing he did while prez. Right after 'giving nuclear reactors to North Korea', because they 'promised they wouldn't use them to make weapons'. Lastly, Lewisnky wasn't a "young girl". She was a 22/23 year old _woman_ at the time in question. Fair game in any society in the world, except of course the stoneage islamic "societies". Now, **JFK** screwed underage interns (Fiddle and Faddle).....but it's considered unseemly to point that out.

JR's picture

The bottom line is Clinton was impeached by the House for his sexual encounters in the Oval Office with a White House intern.

Clinton’s extra-marital affair and the resulting investigation is what led to Clinton’s impeachment by the House of Representative. Your “ha-ha” technicalities are obscuring your vision. The bottom line is that Clinton’s sexual acts in the Oval Office got him impeached by the House.

Al Capone went to prison on a technicality, for income tax evasion, but that was the lesser of his crimes; the real reason the government wanted him behind bars was for murder, for racketeering, for bootlegging… for which he was above the law.

Clinton stayed in office because of a technicality, and because Congressmen, both Democrat and Republican, refused to tell the people exactly what he did and what it meant for our country. If they had done that, then a number of Democrats, especially in the Senate, would not have been able to vote Not Guilty on a technicality regarding the Articles of Impeachment.

Like Capone, Clinton stayed in office because he was let off for his real crimes on the dismissed technicalities of perjury and obstruction of justice (or as you put it on the word “is”); if the Republicans had done their job properly he would have been gone.


hivekiller's picture

Bill wasn't the only one getting blown. He blew up the Murrah building to get rid of the Whitewater investigation and get re-elected. It was "for the children".

Manthong's picture

Hey, which one of you financial guru and history buffs knows how Hillary figured out how to turn that $1K into $100K in cattle futures?

I need to employ that same brilliant strategy this week.

I don't want to be greedy, I'd  be happy with just a couple $100 or $200 postitions that would close out at $10,000 or $20,000.

goldfish1's picture

With the unemployment rate still stubbornly high at 8.1%

Bwahahaaaahha. Who's writing this pap?

Ima anal sphincter's picture

+1   That did kinda stand out there while reading the article.

I'm not worried about Billy-Boy. The Medusa, now that is a whole different (and much worse) deal.

One of the biggest sellout traitors who is responsible for SO many lives lost, wants it ALL.

Watch out for that bitch come 2016 (if we actually make it that far).

Ricky Bobby's picture

"when you partisan righties"  nana nana nan nah - WTF. Check the Repugnant - Dumbocrat dialectic at the door when you enter fight club dude. In addition you will get an extra beating for your prose as quoted above.

Bananamerican's picture

hey NASCAR dumbshit, i pee on both you AND your Lib dopplegangers with equal disgust.

You Rightists give yourselves away when you mention "The Blowjob" (™ FoxNews)...

Now go shove a Pirelli up your ass

GeezerGeek's picture

It must be hard thinking with a banana between one'e ears rather than having a brain. He tries dissing NASCAR fans and then makes reference to Pirelli tires. How clueless to try tying NASCAR and Pirelli together. NASCAR uses Goodyear tires (Sprint Cup, at least) whereas Pirelli is the tire used by Formula 1. Not knowing that renders the banana man unreliable in all other arenas.

I'm so TIRED of these know-nothings.

Bananamerican's picture

Not Pirelli?
I stand humbled in the presence of your useless fucking knowledge

BigJim's picture

 You Rightists give yourselves away when you mention "The Blowjob" (™ FoxNews)...

Now go shove a Pirelli up your ass

BanalAmerican, have you met LTER? I think you'd get on famously... almost like twins, in fact.

boogerbently's picture

He started the "sub-prime" lending, spent the defense budget during a rare "non-war" time, spent the surplus Soc. Sec. $$$, and all the "jobs he created" were in the govt......which are bankrupting us now.

He really IS the poster child for liberal fiscal policy.

Now if only the libs would realize how damaging that is.

GeezerGeek's picture

On the plus side, he did bomb the Chinese, I thnk. Or at least a Chinese embassy.

malek's picture

 so what? who cares? Bill got blown

I pretty much agree.
And even worse many people don't realize the process trying to him impeached, backfired big time not just in the face of a few dumb GOP members but of all people, as now even the dumbest learned:
As a politician or C-level executive you can do what you want, just don't lie about it on the record and instead claim confusion or "I cannot recall".

Stackers's picture

Life of crime, drugs and murder of Bill Clinton is well documented in the movie The Clinton Chronicles