It's wrong to blame Clinton for crisis
Ah, it's all Clinton's fault. How often do we hear this as a divisive?
Surely, Clinton helped the lower income people to mortgage their houses. Great. And yes, so did George Bush.
But that is not so much the matter, but how they handled it. Clinton didn't trash the regulations. Bush did. Clinton didn't let it drop into a wild, uncontrolled frenzy. Bush did.
Oversight went down the drain. That's the difference.
So the point to blame Clinton has no grounding. And one has to question if Mr. Bush's efforts wasn't so much to help the lower income people in the housing market as to spur a faltering economy - if not intended as an insider leverage for risky investors?
Remember, Neil Bush, George Bush's brother, stuck the taxpayers for a billion dollars on his deregulated investment loss in the S&L fiasco.
I know, we all hate government regulation when it clips our wings.
But imagine doing away with all the rules and regulations on your Little League baseball diamond? The kids would start throwing bats at each other.
Oh, yes, didn't Bush wreck one Texas team that he bought and managed?
Look at his record. I'm sure Mr. Bush will go down in history as the president who came the closest to wrecking this country. He trashed an expanding economy.
I would like to hear any successful businessman say that he would hire Bush to manage his company just as himself, without the politics and influences. And why.
Charles W. Atterberg
Hanover Park