Today’s Bear Market Started on Clinton’s Watch

Today’s Chart of the Day is quite fascinating. When the value of the Dow is adjusted for inflation and charted over time, we see that:

. . . the current bear market actually began in 1999 only to be interrupted briefly by a multi-trillion dollar credit bubble. That bubble has burst, of course, and the Dow now trades at a level not seen since 1995.

Inflation Adjusted DOW since 1925

In other words, the current crashing economy is merely a continuation of the Clinton recession. Not that I’m making any excuses for Bush – I still consider him to be a disastrous domestic-policy president in the tradition of Carter and FDR. And he had eight years to try and get us out of the recession.

But I just smile and shake my head when I still see those “I Miss Bill” bumper stickers.

Of course, the question now is whether the weak-dollar, business-killing regulation, high taxation, big government, wealth redistribution socialist policies of the Democrats in the Congress and the White House are going to take the Dow down to 4,000, thus making the crash as large as the Great Depression.

Hang on people, it’s going to be a bumpy ride.

Posted February 27th, 2009 Filed in Clinton Legacy, Economics and the Economy

Another Clinton Legacy

Here’s a shocker: Congress has concluded that the FBI rushed to conclude the investigation into the Oklahoma City bombing, leaving too many loose ends and unanswered questions. Further, the Clinton Justice Department stood in the way rather than aiding the investigation:

The report also sharply criticizes the FBI for failing to be curious enough to pursue credible information that foreign or U.S. citizens may have had contact with Nichols or McVeigh and could have assisted their plot. . . .

Rohrabacher’s subcommittee saved its sharpest words for the Justice Department, saying officials there exhibited a mindset of thwarting congressional oversight and did not assist the investigation fully.

I’ve always maintained that the McVeigh was executed far too hastily, given the number of questions that lingered after the investigation. I’m not a huge conspiracy theorist, but I would have liked to have known what happened to John Doe 2 and what the connection to the Philippine terrorists was all about.

Posted December 25th, 2006 Filed in Clinton Legacy

Traitor Gets Slap on Wrist

Ronald Montaperto was an intelligence analyst for the Pentagon. He has been convicted of passing “highly classified” information to the Chinese.

A crime for which he will serve three months in jail, three months of home detention and five years’ probation.

That’s right. A man that compromised national security will spend three months in jail, in spite of the fact that sentencing guidelines call for four to five years.

Why so little? Judge Gerald Bruce Lee (a Clinton appointee) was impressed that other traitors that infest our intelligence agencies wrote character references in support of Montaperto.

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Posted September 10th, 2006 Filed in Clinton Legacy, Conservative Causes, Intelligence

Clintons Abortion Legacy

Judicial Watch has released a report “The Clinton Administration’s Radical Drive to
Force an Abortion Drug on America
[HT to The Corner].

In February 2006, Judicial Watch uncovered previously confidential files and working papers from the holdings of the National Archives at the Clinton Presidential Library in Little Rock, Arkansas that provide remarkable insight into the Clinton administration’s relentless drive to market RU-486 (mifepristone), a drug used to cause abortion, to American women. The documents offer a window into the political strategy, legal theories and media “spin” on the Clinton administration’s abortion program.

Fascinating peek into the man who wanted to leave a legacy. Among JW’s conclusions:

  • President Clinton ordered HHS and FDA to coordinate and promote the marketing of RU-486 as his first official act in office.
  • Official U.S. Government political, economic and diplomatic pressure was brought to
    bear to strong-arm the companies into changing their policies in order to make the drug
    available in the United States.

  • The FDA was compromised in its role as objective reviewers of the safety and efficacy of the drug.
  • The five standard requirements for certifying a drug “safe and effective” were
    circumvented to rush RU-486 to market.

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Posted May 15th, 2006 Filed in Clinton Legacy

Cisneros Report Adds “Coverup” to Clinton Legacy

Clinton Housing Secretary Henry G. Cisneros was suspected of tax evasion over a decade ago and the matter kicked off an investigation that will deliver its report tomorrow. In it, independent counsel David Barrett will say that the Clinton Justice Department obstructed the investigation:

It says that, for example, Attorney General Janet Reno said Barrett could only look at one tax year.

It also said Internal Revenue Service officials in Washington took a Cisneros investigation away from district level IRS officials in Texas and then said the evidence against Cisneros was too weak to justify a criminal enquiry, a decision disputed by one Texas investigator, the Times said

Actually, it’s even more pointed:

Mr. Barrett’s 746-page report said that the tax and obstruction phase of the inquiry ended without a definitive conclusion, but it declared: “These agencies’ treatment of possible charges against Cisneros was at best questionable and at worst represented serious wrongdoing. There seems to be no question that Cisneros was given special consideration and more limited scrutiny because of who he was – an important political appointee.” …

Mr. Barrett concluded that “in the end enough high-ranking officials with enough power were able to blunt any effort to bring about a full and independent examination of Cisneros’ possible tax offenses in the face of what seemed to many to be obvious grounds for such an inquiry.”

The bad news is that Barrett buckled under pressure and let one Clinton crony get away:

Then-IRS Commissioner Peggy Richardson, a close friend of Sen. Hillary Clinton (D-N.Y.), was involved in efforts to quash the probe, a source close to the case alleged.

But Richardson’s role was cut from Barrett’s report, which went through 26 drafts, because Democratic law firm Williams & Connolly successfully pressured Barrett to remove a section of the report naming her, a source said.

Captain’s Quarters observes:

The report, if the Daily News has its facts straight, will prove explosive to the 2006 re-election effort of Hillary Clinton, but even more damaging to her expected run at the Presidency in 2008. For instance, Williams and Connolly not only represents Cisneros in this probe, but also has as clients a couple named Bill and Hillary Clinton. It seems as though burying this report and getting a series of redactions helps a number of their clients out, a kind of anti-conflict of interest in this case. And it seems more than passingly strange that Cono Namorato winds up running the IRS division that would have been tasked with discovering a cover-up and malfeasance involving a former client after he gets done representing him.

But the Anchoress notes that Democrats fought to get fully 25% of the report redacted:

No, it’s nothing earthshaking. No, nothing indicts Bill or Hillary Clinton. But the Democrats worked hard to suppress the release of the report, and that alone makes it worth looking at. And for my money, when the Democrats are trying to run as the “ethical” party (only half as many Democrats on Abramoff’s list as Republicans, after all!) and trying to pin the “corruption” label on the GOP, it’s something that should be heeded.

Balloon Juice likens the release of this report to the Democrat’s “Fitzmas” from last year (which fizzled):

Will this be the equivalent of GUT for the Freepers in the never-ending anti-Clinton crusade? Will all of the paranoid accusations be confirmed? Or will they, as I suspect, wake up to a lump of coal?

I suspect that the potential of the report will be immense, but the fallout will be minimized because of MSM spin. After all, the “culture of corruption” angle doesn’t hit the right target, now does it?


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Posted January 18th, 2006 Filed in Clinton Legacy

Clinton Gave Nuclear Secrets to Iran?

In his new book, State of War : The Secret History of the C.I.A. and the Bush Administration, New York Times reporter James Risen claims that President Clinton personally approved a scheme in which

… the CIA deliberately gave Iranian physicists blueprints for part of a nuclear bomb that likely helped Tehran advance its nuclear weapons development program.

This is almost enough to tempt me to buy the book but I know I wouldn’t have time to read it.

HT to Say Anything


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Posted January 8th, 2006 Filed in Clinton Legacy, Iran, War on Islamofascism