What were the legacies that were left behind by Bill Clinton and George W. Bush?

I supported both Clinton and Bush, both had their good qualities and leadership skills, both also had their poor qualities and made their share of mistakes as well.

Obama however is the worst political trainwreck in American history.

Clinton had a great economic prosperity but it was by a context other people's to his economic management and Bush had to maintain a situation of international economic crisis that in a part was fault of but to a large extent it was because of the delinquent speculators

Clinton- Shame to the office of the Presidency and non-stop terrorist attacks culminating in 9/11.

Bush- Kept America safe, restored honesty to the office. Did the best he could in very difficult times.
Spent too much though.
Should have taken the impending Fannie & Freddie fiasco to the American people.

Slick Willy gave nuclear fissionable materiel to N Korea...
So they now have the bomb..

GW protected us against terror plots

The Clinton legacy:

Madoff, Enron, Worldcomm, Andersen Accounting - rampant and widespread accounting fraud

8 years of being told Saddam had WMD - Clinton told the WMD lie, even though no WMD had been found in Iraq after 1991; Bush and the majority of congress adopted Clinton's WMD lie. Thousands died from Clinton's WMD lie; HILLARY CLINTON WAS FOOLED BY BILL CLINTON, NOT BUSH

banking deregulation - the 1999 Gramm-Leach-Bliley Act passed with overwhelming bipartisan support in both houses of congress; only 8 Senators voted against the final version

9/11 attack in planning and preparations - Clintonites say Clinton had detailed information that an attack was imminent, and he gave this information to Bush; then why on 12/7/2000 did Clinton issue an executive order that effectively stopped the FAA from preventing hijackings???

Free trade: Clinton signed NAFTA after pressuring reluctant members of Congress to pass this stinker of a bill. Started the "giant sucking sound" of jobs leaving the country.

THIS IS THE MESS BUSH INHERITED FROM CLINTON


The Glass-Steagall Act was repealed by the 1999 Gramm-Leach-Bliley banking deregulation act, which passed with overwhelming majorities of both parties in both houses of Congress, then it was eagerly signed into law by Bill Clinton. The 2008 meltdown was attributed directly to this law.

Arthur Levitt, Jr. was the longest serving head of the SEC. Do a Google search on him, see what pops up.

He was appointed by Clinton in 1993 and again in 1998. He left in 2001, so he covered the entire Clinton administration.

Levitt gave Madoff a free pass because they were both members of the Harmonie Club, a social club for the ultra wealthy in NYC.

Madoff was first reported to the SEC in 1992:
http://www.guardian.co.uk/business/2009/sep/02/bernard-madoff-sec-report
Report: Regulator was tipped off about Madoff fraud as early as 1992
"a suspicion of trouble at Madoff Investment Securities arose as early as 1992 when customers of Avellino & Bienes, a fund that invested all its money with Madoff, complained about documents making a seemingly impossible promise of "100%" safe investments. Although the SEC shut down Avellino & Bienes, the agency only made a "brief and very limited" examination of Madoff."

Avellino & Bienes was shut down by the SEC in 1993, the year Levitt took charge.

Levitt also gave a special exemption to Enron, exempting it from accounting rules. This special exemption led directly to the Enron scam and the subsequent meltdown of the company, which took down a major chunk of the economy with it. It also led to the discovery of similar fraud at many other companies, fraud that got its start in the Clinton years.

If I was going to pick one individual who was most responsible for the rampant fraud of the Clinton years, it would have to be Art Levitt.

Bill Clinton- Peace and prosperity. Budget surplus
George W. Bush- two wars worst economic shape sine the Great Depression. Huge deficits

Seriously, "Rent to High"? You are actually blaming 9/11 on Clinton. Wow. Just wow.