Van Jones on Democratic Partys Future: The Clinton Days Are Over You Cant Run and Hide

[paleotn]

18. Don't agree with Jones on all things, but he makes good points...

...It may have been 5 election cycles ago, but we're still living with the Clinton aftermath and will continue to for years to come.....

The '94 Omnibus Crime Bill gave us the infamous 3 strikes law and mandatory minimums, thus filling up the prisons. It also expanded the "war on drugs", next to Vietnam, the only war the US has lost miserably and caused arguably more social destruction than the use of drugs themselves. Seriously, what the fucking hell is a "super predator?"

Gramm - Leach - Bliley blew up Glass - Steagall, eliminating the firewall between commercial and investment banking

The Commodity Futures Modernization Act threw off any semblance of efficient capital allocation and turned Wall Street into a full fledged casino.

Riegal - Neal gutted state banking regs, leading to merger mania for financial institutions and thus, to big to fail. Use to be, a large city had 8, 9 maybe 10 different commercial banks, on top of the S&Ls and credit unions. If a few did stupid shit, took on far too much risk and went bankrupt, there was little to no systemic danger for the US financial system, much less the whole fucking globe. The S&L crises for instance, made but a few ripples on the financial pond. Now they're tidal waves.

....all these, signed into law by Bill Clinton with much fanfare, are responsible for the 2007 /08 financial implosion and will be responsible for the next, and the next, and the next...until we get our heads out of our collective asses.

NAFTA, originally a Reagan idea, rejected by a Democratic Congress, was pushed by Clinton in his 1st term. His FIRST fucking term!! With robotic automation still in its infancy, it cost US workers 700K+ jobs and helped create the wage arbitrage nightmare we're currently living, which has arguably destroyed the US middle class. Also started the idea that corporations could sue sovereign nations if they felt their profits were adversely impacted by local legislation. An idea Weyland-Yutani would love.

DOMA....no need to elaborate on that nightmare.

That's just off the top of my head. He patented the run left, govern right mantra, to the point where some Dems don't even bother to run left.....they just lose.