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Cosmic Kitten

(3,498 posts)
Tue May 17, 2016, 07:48 AM May 2016

Hillary Reassures Wall St that Nothing Will Change

After months of trying to
distance herself from Bill,
Hillary is now ready to embrace
him as a reassurance to her
biggest donors... Wall St!

Hillary boosters have repeatedly
cried foul whenever She was
rightfully included in the criticism
of Clinton's miserable neo-liberal
economic policies.

NOW Hillary in a blatant nepotistic,
crony capitalist maneuver has stated
she intends to put her husband
in charge of the nations wealth spigot.

Lest ye forget the olden days, Bill was
working with Newt Gingrich to privatize
Social Security!

According to three former top administration officials, President Clinton was strongly considering the partial privatization of Social Security prior to his impeachment in 1999. The revelation was contained in a paper delivered by David Wilcox, an assistant treasury secretary, Douglas Elmendorf, a deputy assistant treasury secretary, and Jeffrey Liebman, an aide with the National Economic Council, at a Harvard University conference last month
http://www.cato.org/publications/commentary/clinton-wanted-social-security-privatized


What does this mean for Hillary's campaign?
Some say this is a move of desperation.
Others belive she is using Bill as a shiny object
to distract from her lack of a coherent economic plan.
Apparently platitudes aren't a policy?

Despite all the tap dancing and attempts
to wriggle out of admitting She is in
the pocket of Wall St, She and Bill
are at the ready to resume right where
they left off... selling the nation off
to the highest bidder!

Memo to Hillary: Do Not Put Bill in Charge of the Economy
http://time.com/4337818/hillary-clinton-bill-economy/
29 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Hillary Reassures Wall St that Nothing Will Change (Original Post) Cosmic Kitten May 2016 OP
I would like a straightforward answer My Good Babushka May 2016 #1
Good luck with that! Cosmic Kitten May 2016 #3
Bill admired Chilean Austerity Privatization Model Octafish May 2016 #6
She has consistently been AGAINST privitization of SS. Dr Hobbitstein May 2016 #13
But BILL will be in charge of the economy, not her. Cosmic Kitten May 2016 #17
Because Bill privitized social security. Dr Hobbitstein May 2016 #18
Yeah, he was derailed by his infidelity/sexula escapades with an intern Cosmic Kitten May 2016 #20
Just like she was consistently against same sex marriage. And consistently for TPP Doctor_J May 2016 #22
Cool story, bro. Dr Hobbitstein May 2016 #24
When Hillary is elected frylock May 2016 #28
She will of course try, but so did Bill Clinton NorthCarolina May 2016 #15
"We The People" have the power of the purse, aspirant May 2016 #2
3rd-Wayers have redefined who *We The People* includes Cosmic Kitten May 2016 #4
Whoever WE are, WE must stop being the givers aspirant May 2016 #5
Indeed. Cosmic Kitten May 2016 #8
Taxpayers will stay on the hook for bailouts... Octafish May 2016 #7
Kleptocracy, Cosmic Kitten May 2016 #9
Kleptomaniacs, will there ever be a word that shames them? aspirant May 2016 #10
That's the thing about sociopaths... Cosmic Kitten May 2016 #11
Wealthiest times in human history and the rich move theirs offshore. Octafish May 2016 #12
This issue is disturbing on two fronts... Cosmic Kitten May 2016 #14
Global Capitalism really is the best of both worlds... Octafish May 2016 #21
The guy who told congressional republicans and DINO's to pass NAFTA and he'll sign it into law will B Calm May 2016 #16
LIke I said... Hillary is reassuring Wall St that... Cosmic Kitten May 2016 #19
I think they already know that. She's with them. BillZBubb May 2016 #27
Things will actually get much worse. More of our healthcare money will be given to the profiteers. Doctor_J May 2016 #23
Don't you remember, the 90's were booming aspirant May 2016 #25
This message was self-deleted by its author NowSam May 2016 #26
Wild Bill needs to go away Ferd Berfel May 2016 #29

Octafish

(55,745 posts)
6. Bill admired Chilean Austerity Privatization Model
Tue May 17, 2016, 08:31 AM
May 2016

The author was a Chicago Boy helping implement the privatization scam for Pinochet, ITT and the globalist crowd:



President Clinton and the Chilean Model.

By José Piñera

Midnight at the House of Good and Evil

"It is 12:30 at night, and Bill Clinton asks me and Dottie: 'What do you know about the Chilean social-security system?'” recounted Richard Lamm, the three-term former governor of Colorado. It was March 1995, and Lamm and his wife were staying that weekend in the Lincoln Bedroom of the White House.

I read about this surprising midnight conversation in an article by Jonathan Alter (Newsweek, May 13, 1996), as I was waiting at Dulles International Airport for a flight to Europe. The article also said that early the next morning, before he left to go jogging, President Bill Clinton arranged for a special report about the Chilean reform produced by his staff to be slipped under Lamm's door.

That news piqued my interest, so as soon as I came back to the United States, I went to visit Richard Lamm. I wanted to know the exact circumstances in which the president of the world’s superpower engages a fellow former governor in a Saturday night exchange about the system I had implemented 15 years earlier.

Lamn and I shared a coffee on the terrace of his house in Denver. He not only was the most genial host to this curious Chilean, but he also proved to be deeply motivated by the issues surrounding aging and the future of America. So we had an engaging conversation. At the conclusion, I ventured to ask him for a copy of the report that Clinton had given him. He agreed to give it to me on the condition that I do not make it public while Clinton was president. He also gave me a copy of the handwritten note on White House stationery, dated 3-21-95, which accompanied the report slipped under his door. It read:

[font color="red"]Dick,
Sorry I missed you this morning.
It was great to have you and Dottie here.
Here's the stuff on Chile I mentioned.
Best,
Bill.
[/font color]


Three months before that Clinton-Lamm conversation about the Chilean system, I had a long lunch in Santiago with journalist Joe Klein of Newsweek magazine. A few weeks afterwards, he wrote a compelling article entitled,[font color="green"] "If Chile can do it...couldn´t North America privatize its social-security system?" [/font color]He concluded by stating that "the Chilean system is perhaps the first significant social-policy idea to emanate from the Southern Hemisphere." (Newsweek, December 12, 1994).

I have reasons to think that probably this piece got Clinton’s attention and, given his passion for policy issues, he became a quasi expert on Chile’s Social Security reform. Clinton was familiar with Klein, as the journalist covered the 1992 presidential race and went on anonymously to write the bestseller Primary Colors, a thinly-veiled account of Clinton’s campaign.

“The mother of all reforms”

While studying for a Masters and a Ph.D. in economics at Harvard University, I became enamored with America’s unique experiment in liberty and limited government. In 1835 Alexis de Tocqueville wrote the first volume of Democracy in America hoping that many of the salutary aspects of American society might be exported to his native France. I dreamed with exporting them to my native Chile.

So, upon finishing my Ph.D. in 1974 and while fully enjoying my position as a Teaching Fellow at Harvard University and a professor at Boston University, I took on the most difficult decision in my life: to go back to help my country rebuild its destroyed economy and democracy along the lines of the principles and institutions created in America by the Founding Fathers. Soon after I became Secretary of Labor and Social Security, and in 1980 I was able to create a fully funded system of personal retirement accounts. Historian Niall Ferguson has stated that this reform was “the most profound challenge to the welfare state in a generation. Thatcher and Reagan came later. The backlash against welfare started in Chile.”

But while de Tocqueville’s 1835 treatment contained largely effusive praise of American government, the second volume of Democracy in America, published five years later, strikes a more cautionary tone. He warned that “the American Republic will endure, until politicians realize they can bribe the people with their own money.” In fact at some point during the 20th century, the culture of self reliance and individual responsibility that had made America a great and free nation was diluted by the creation of [font color="green"] “an Entitlement State,”[/font color] reminiscent of the increasingly failed European welfare state. What America needed was a return to basics, to the founding tenets of limited government and personal responsibility.

[font color="green"]In a way, the principles America helped export so successfully to Chile through a group of free market economists needed to be reaffirmed through an emblematic reform. I felt that the Chilean solution to the impending Social Security crisis could be applied in the USA.[/font color]

CONTINUED...

http://www.josepinera.org/articles/articles_clinton_chilean_model.htm



Democratic solutions work because they are Democratic, not capitalist.
 

Dr Hobbitstein

(6,568 posts)
13. She has consistently been AGAINST privitization of SS.
Tue May 17, 2016, 09:19 AM
May 2016
http://www.ontheissues.org/celeb/Hillary_Clinton_Social_Security.htm

CLINTON: I fully support Social Security. And the most important fight we're going to have is defending it against continuing Republican efforts to privatize it.


She's for expanding it.

CLINTON: I want to enhance the benefits for the poorest recipients of Social Security. We have a lot of women on Social Security, particularly widowed and single women who didn't make a lot of money during their careers, and they are impoverished, and they need more help from the Social Security system. And I will focus on helping those people who need it the most. And of course I'm going to defend Social Security. I'm going to look for ways to try to make sure it's solvent into the future. And we also need to talk about health care at some time, because we agree on the goals, we just disagree on the means.

Cosmic Kitten

(3,498 posts)
17. But BILL will be in charge of the economy, not her.
Tue May 17, 2016, 09:48 AM
May 2016

And since Bill will do
the dirty work she can
pretend it's not her fault.

Good cop/bad cop routine

 

Doctor_J

(36,392 posts)
22. Just like she was consistently against same sex marriage. And consistently for TPP
Tue May 17, 2016, 10:20 AM
May 2016

She is completely untrustworthy, Dr. Her pronouncements mean nothing.

 

Dr Hobbitstein

(6,568 posts)
24. Cool story, bro.
Tue May 17, 2016, 10:30 AM
May 2016

When Hillary is elected and doesn't privatize SS, are you going to say you were wrong?

 

NorthCarolina

(11,197 posts)
15. She will of course try, but so did Bill Clinton
Tue May 17, 2016, 09:25 AM
May 2016

who, in league with Newt Gingrich, was this "||" close to accomplishing the deed until a blue dress happened and messed it up. There has been no change of heart among their circles with regard to their plans for Social Security. Their central message: Get a job Grandma...you damn deadbeat leech on the system.

aspirant

(3,533 posts)
2. "We The People" have the power of the purse,
Tue May 17, 2016, 08:03 AM
May 2016

corporations rarely pay taxes anymore.

We need to find creative ways to starve the beast and send the message.

Cosmic Kitten

(3,498 posts)
4. 3rd-Wayers have redefined who *We The People* includes
Tue May 17, 2016, 08:11 AM
May 2016

Apparently, it's only those in
the top income bracket... the takers

Cosmic Kitten

(3,498 posts)
8. Indeed.
Tue May 17, 2016, 08:41 AM
May 2016

We Vote with our dollars.

Whenever possible avoid
doing business with the
worst of the Takers*

*Takers are defined here
as those at the top of the
economic ladder, the 1%

Cosmic Kitten

(3,498 posts)
9. Kleptocracy,
Tue May 17, 2016, 08:45 AM
May 2016

Kleptocracy, alternatively cleptocracy or kleptarchy,
(from Greek: ??έ???? - kleptēs, "thief"
and ??ά??? - kratos, "power, rule",
hence "rule by thieves&quot
is a term applied to a government
seen as having a particularly severe
and systemic problem with officials
or a ruling class (collectively, kleptocrats)
taking advantage of corruption to extend
their personal wealth and political power.
Typically this system involves the
embezzlement of state funds at the expense
of the wider population, sometimes without
even the pretense of honest service.
https://en.wikipedia.org/wiki/Kleptocracy

Octafish

(55,745 posts)
12. Wealthiest times in human history and the rich move theirs offshore.
Tue May 17, 2016, 09:12 AM
May 2016

Sec. Clinton has been fine with it going to the pockets of the few.

These are the wealthiest times in human history. The steward of trickle down David Stockman reports that 7/8th of all wealth ever has been created in the last 32 years. Yet, a Democratic administration makes the case that the solution for our problems is...Austerity? That is sick. It also shows the power of money upon democracy.

For me, the best example is the team at UBS Wealth Management. After his exit from the US Senate, Phil Gramm found a job at Swiss bank UBS as vice chairman. He later brought on former President Bill Clinton. What a coincidence, they are the two key figures in repealing Glass-Steagal. Since the New Deal it was the financial regulation that protected the US taxpayer from the Wall Street casino. Oh well, what's a $16 trillion bailout among friends?



About UBS Wealth Management

It's Buy Partisan



It's a Buy-Partisan Who's Who:

President William J. Clinton
President George W. Bush Heh heh heh.
Robert J. McCann
James Carville
John V. Miller
Paula D. Polito
Anthony Roth
Mike Ryan
John Savercool

SOURCE: http://financialservicesinc.ubs.com/revitalizingamerica/SenatorPhilGramm.html

One of my attorney chums doesn't like to see his name on any committees, event letterhead or political campaign literature. These folks, it seems to me, are past caring.

Some of why DUers and ALL voters should care about Phil Gramm.





Hillary Helps a Bank—and Then It Funnels Millions to the Clintons

The Wall Street Journal’s eyebrow-raising story of how the presidential candidate and her husband accepted cash from UBS without any regard for the appearance of impropriety that it created.


by CONOR FRIEDERSDORF, The Atlantic, JUL 31, 2015

The Swiss bank UBS is one of the biggest, most powerful financial institutions in the world. As secretary of state, Hillary Clinton intervened to help it out with the IRS. And after that, the Swiss bank paid Bill Clinton $1.5 million for speaking gigs. The Wall Street Journal reported all that and more Thursday in an article that highlights huge conflicts of interest that the Clintons have created in the recent past.

The piece begins by detailing how Clinton helped the global bank.

“A few weeks after Hillary Clinton was sworn in as secretary of state in early 2009, she was summoned to Geneva by her Swiss counterpart to discuss an urgent matter. The Internal Revenue Service was suing UBS AG to get the identities of Americans with secret accounts,” the newspaper reports. “If the case proceeded, Switzerland’s largest bank would face an impossible choice: Violate Swiss secrecy laws by handing over the names, or refuse and face criminal charges in U.S. federal court. Within months, Mrs. Clinton announced a tentative legal settlement—an unusual intervention by the top U.S. diplomat. UBS ultimately turned over information on 4,450 accounts, a fraction of the 52,000 sought by the IRS.”

Then reporters James V. Grimaldi and Rebecca Ballhaus lay out how UBS helped the Clintons. “Total donations by UBS to the Clinton Foundation grew from less than $60,000 through 2008 to a cumulative total of about $600,000 by the end of 2014, according to the foundation and the bank,” they report. “The bank also joined the Clinton Foundation to launch entrepreneurship and inner-city loan programs, through which it lent $32 million. And it paid former president Bill Clinton $1.5 million to participate in a series of question-and-answer sessions with UBS Wealth Management Chief Executive Bob McCann, making UBS his biggest single corporate source of speech income disclosed since he left the White House.”

The article adds that “there is no evidence of any link between Mrs. Clinton’s involvement in the case and the bank’s donations to the Bill, Hillary and Chelsea Clinton Foundation, or its hiring of Mr. Clinton.” Maybe it’s all a mere coincidence, and when UBS agreed to pay Bill Clinton $1.5 million the relevant decision-maker wasn’t even aware of the vast sum his wife may have saved the bank or the power that she will potentially wield after the 2016 presidential election.

SNIP...

As McClatchy noted last month in a more broadly focused article that also mentions UBS, “Ten of the world’s biggest financial institutions––including UBS, Bank of America, JP Morgan Chase, Citigroup and Goldman Sachs––have hired Bill Clinton numerous times since 2004 to speak for fees totaling more than $6.4 million. Hillary Clinton also has accepted speaking fees from at least one bank. And along with an 11th bank, the French giant BNP Paribas, the financial goliaths also donated as much as $24.9 million to the Clinton Foundation––the family’s global charity set up to tackle causes from the AIDS epidemic in Africa to climate change.”

CONTINUED...

http://www.theatlantic.com/politics/archive/2015/07/hillary-helps-a-bankand-then-it-pays-bill-15-million-in-speaking-fees/400067/



Like Bernie, I want to use the powers of government to redistribute wealth, as was done from FDR to Reagan to make life better for all Americans, not just the well off.

Cosmic Kitten

(3,498 posts)
14. This issue is disturbing on two fronts...
Tue May 17, 2016, 09:24 AM
May 2016

First, it is what it is.
The uber rich vampire squid
is sucking us dry and demanding
we suffer for the greater good.

Second, the supposed creation
of wealth is nothing but fractional banking,
ie, it's all debt.
There is no actual creation of wealth,
only debt upon which the 1% claims rent.

This is one depraved economy!

Octafish

(55,745 posts)
21. Global Capitalism really is the best of both worlds...
Tue May 17, 2016, 09:53 AM
May 2016

Socialized Risk. Privatized Reward.

Like Feudalism and Slavery Together! They get the advantages of owning every damn thing worth owning and then don't have to feed or clothe (and never educate -- and only take them to a doctor if it makes economic sense) those who do the work that creates the wealth.

I with the economists had a chart for it. Short of that, a picture:

 

B Calm

(28,762 posts)
16. The guy who told congressional republicans and DINO's to pass NAFTA and he'll sign it into law will
Tue May 17, 2016, 09:28 AM
May 2016

be back in charge again, how damn comforting is that?

Cosmic Kitten

(3,498 posts)
19. LIke I said... Hillary is reassuring Wall St that...
Tue May 17, 2016, 09:50 AM
May 2016

their *speaking fees* will be
pay huge dividends

 

Doctor_J

(36,392 posts)
23. Things will actually get much worse. More of our healthcare money will be given to the profiteers.
Tue May 17, 2016, 10:26 AM
May 2016

So will Medicare and social security. And TPP and TTIP will cost us even more.

aspirant

(3,533 posts)
25. Don't you remember, the 90's were booming
Tue May 17, 2016, 12:32 PM
May 2016

We must turn back the clock and forget Obama's "look forward" concept while living in yesteryear.

What is old is new and what is new must revert to the old.

Response to Cosmic Kitten (Original post)

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