by Robert Reich:

[elleng]

'Hillary Clinton said yesterday that if elected president she’d put Bill Clinton “in charge of revitalizing the economy … because, you know, he knows how to do it.”

The announcement suggests several things:

1. Hillary Clinton is no longer touting the successes of the Obama economy, or even linking herself to it. “Revitalizing” the economy is a clear acknowledgment the economy is still lousy for a majority. She’s right about that.
2. In linking herself to the successes of Bill Clinton’s economic policies she also risks linking herself to the failures of those policies. I’m proud to have been part of his economic team, but those failings weren’t insignificant. Among them:
(1) Bill Clinton's decision to embrace deficit-reduction as the administration’s major economic goal;
(2) His decision to widen free trade through NAFTA and then, more broadly, through the World Trade Organization and to push for China’s accession to the WTO – which resulted in a huge increase in imports from China, and an incentive for American manufacturers to outsource abroad;
(3) His decision to sign the Republican's welfare bill that subsequently forced millions into poverty because it limited welfare to five years in a recipient’s lifetime,
(4) His decision to repeal of the Glass-Steagall Act and refusal to give the Commodity Futures Corporation authority over financial derivatives – both of which opened the floodgates to Wall Street’s excesses, and,
(5) When the budget moved into surplus, his decision to urge that those surpluses be used to “rescue” Social Security (which didn’t need rescuing) rather than for infrastructure, education, and other public investments.
What do you think?'

https://www.facebook.com/RBReich/?fref=nf

[JaneyVee]

1. Lighten up, Robert!

23 million jobs, the longest stretch of peacetime in US history, the lowest Af-American unemployment rate in US history, nominated the 2 most liberal justices in US history, taxed the rich, and left a budget surplus. 

Self loathing is so 90s!

[elleng]

2. Guess you're not into self-analysis, JaneyVee.

It is incumbent upon us all to study and LEARN from history.

'those failings weren’t insignificant. Among them:

(1) Bill Clinton's decision to embrace deficit-reduction as the administration’s major economic goal;

(2) His decision to widen free trade through NAFTA and then, more broadly, through the World Trade Organization and to push for China’s accession to the WTO – which resulted in a huge increase in imports from China, and an incentive for American manufacturers to outsource abroad;

(3) His decision to sign the Republican's welfare bill that subsequently forced millions into poverty because it limited welfare to five years in a recipient’s lifetime,

(4) His decision to repeal of the Glass-Steagall Act and refusal to give the Commodity Futures Corporation authority over financial derivatives – both of which opened the floodgates to Wall Street’s excesses, and,

(5) When the budget moved into surplus, his decision to urge that those surpluses be used to “rescue” Social Security (which didn’t need rescuing) rather than for infrastructure, education, and other public investments.'

Self-delusion is so 2016.

[JonLeibowitz]

3. The Af-American unemployment rate excludes from consideration those incarcerated, FYI.

And those rates also skyrocketed. Related? Yes.

[laserhaas]

6. Peacetime!......WTF?

[JonLeibowitz]

4. K&R, Thanks for letting us know.

[elleng]

5. You're welcome, Jon.

I think it's important at the moment.

[laserhaas]

7. K&R .amazing..after all those articles saying Reich for Hillary

Thanks