where's the barfing smiley when you need it?
A whole lot of fertilizer in this interview, a few choice nuggets....
Sure, why not support bad ideas?Former President Bill Clinton gives President Barack Obama an "A" grade for his first month in office, but tells ABC News that Obama needs to put on a more positive face when speaking to the American people about the economy and must keep pressure on Republicans who try to obstruct his plans.
How about much further back than that, eh?"I personally believe, based on my experience over the years with the economy, that if we moved aggressively on this home problem a year and a half ago, even a year ago, as much as 90 percent of the current crisis could have been avoided," he said.
Ladies and gentlemen our teflon coated former president! Watch in amazement as nothing sticks to him!But the former president defended his record on another front: He disputed the idea that his administration, by placing a special emphasis on the Community Reinvestment Act, pressured lenders too hard to make loans to low-income Americans trying to secure mortgages.
"What I have disputed is that the conservatives are saying that I pressured the banks too hard to make loans in the community," Clinton said. "The banks that took money from their depositors and turned around and loaned money to their depositors -- genuine community banks -- came through this financial crisis much better than those that were branches of big national banks [that] took money from their depositors and put 'em in these shaky securities investments."
He suggested the worst damage was done during the Bush years.
"The sub-prime mortgages that caused all these problems were basically those that were gathered up in 2004 to 2007," Clinton said.