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« Build it, then figure it out | Main | Fettered capitalism »

Sep 19, 2008


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Doc Searls quoting Kevin Phillips:

...The Democrats don’t want to admit that what they di8d for the most part in the two Clinton administrations was for the most part a continuation of the Reagan and first Bush administration — and then was continued and built upon by the second Bush administration. You had a lot of financial deregulation under the Clinton administrations. They repealed Glass-Stiegel, they deregulated credit cards, lots of stuff. They stepped on the gas in terms of private debt. The increase is extraordinary. So I can’t separate out the Clinton years from what preceded them and what came after them...


By the time Gramm-Leach-Bliley reached President Clinton's desk it was beyond veto-proof. Republicans trying to pin that on him is one step into Bizarro World.

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