Eight Years Of Clinton Disappear From Democratic History Of The Current Economy

http://www.huffingtonpost.com/mitchell-bard/democracy-worked-in-massa_b_429093.html >>"...even though it took eight years of Republican rule to create these problems"

A lot of people who have examined the current economy have singled out the repeal of Glass-Steagall as one of the largest mistakes in the history of financial deregulation; the repeal of Glass-Steagall was signed into law by Bill Clinton in 1999, and it was pushed through by the Bob Rubin crowd,
( including several folks who found new positions in the Obama administration. )

A lot of people also blame globalization and unfair trade agreements for hollowing out the US economy; NAFTA was signed into law by Bill Clinton in 1993, the US joined the WTO in 1995.

Let's not forget the many mistakes made in the oversight of the GSE's by great Republicans like Barney Frank and Chris Dodd also.

And let's not forget all that war spending and homeland security spending that the Democrats signed off on over and over throughout the Bush presidency. That didn't help the deficits any either.

This economy is the result of decades of looting organized by two parties equally loyal to Wall Street and multinational corporations and both under the control of an unregulated central bank.