Source – tarpley.net
– Hillary Clinton — The International Neocon Warmonger:
– As the National Journal reported in 2014, even the pathetically weak anti-war left is not ready to reconcile with Hillary given her warmongering as Secretary of State. And with good reason. Scratching just lightly beneath the surface of Hillary Clinton’s career reveals the empirical evidence of her historic support for aggressive interventions around the globe.
The “Giant Sucking Sound”: Clinton Gave US NAFTA and Other Free Trade Sellouts
The Clintons Abolished Welfare c.1995. Their Record the Same
Thanks to Bill Clinton who abolished welfare in 1995, 50 million Americans were cast into the human outer darkness. In order to get himself re-elected Clinton “ended welfare as we know it”. Clinton destroyed Aid to Families With Dependent Children (AFDC), which was one of the titles of the Social Security Act (SSA) of 1935 and replaced it with the shell of former self Temporary Assistance for Needy Families or TANF. The 2016 GOP House Budget submission aims to finish off the project by ending TANF.
In September of 1995, Speaker of the House Newt Gingrich and Chairman of the Senate Budget committee Pete Dominici of the Senate Budget Committee, and more than 154 Republican House member began to agitate for a Treasury default on the public debt of the United States. Such a default had never occurred in recorded history. Nevertheless, Gingrich and his fellow enthusiasts of the Conservative Revolution were threatening to use the need to raise the $4.9 billion on the public debt to force Clinton to accept a reconciliation bill that would include a capital gains tax plus savage cuts in Medicaid, Medicare, Social Security and (in Title 4a, Aid to Families with Dependent Children, commonly known as welfare), farm support payments, student loans, and other entitlements.
As a result of this synthetic debt crisis described above, a draconian welfare reform bill was proposed by Representative Clay Shaw (R-Fla.), passed by Congress, and signed into law by President Clinton in 1996. This reform came to be known as the Personal Responsibility and Opportunity Act and represented a direct frontal assault on the most vulnerable groups of the American population. But the secondary impact and medium-term potentials of this misbegotten law, also made it a sneak attack against the American middle class. In blunt terms, international finance capital appear to be preparing a reserve army of homeless, unemployed, destitute, with the intention of hurling them against the living standards of suburbia. Middle class voters who supported such a welfare reform because they had been blinded by their propaganda-stoked resentment against the inner-city and rural poor, might soon come to regret their own gullibility.
Peter Edelman was the former assistant secretary for planning evaluation at the US Department of Health and Human Services who resigned in protest in 1996 over what was then still the welfare bill. Edelman had been an advisor to Robert Kennedy in 1967, and was proud that he has spent 30 years trying to fight poverty in America, Edelman kept silent until after Clinton had been re-elected in 1996, but then spoke out in an article entitled “The Worst Thing Clinton Has Done,” which was published in the Atlantic Monthly. In the Edelman’s judgement, ‘the bill that President Clinton signed is not welfare reform. It does not promote work effectively, and it will hurt millions of poor children by the time it is fully implemented. What’s more, it bars hundreds of thousands of legal immigrants – including many who have worked in the United States for decades and paid a considerable amount in Social Security and income taxes – from receiving disability and old-age assistance and food stamps, and reduces food-stamp assistance for millions of children in working families.” The bill, he pointed out, was stigmatized by Senator Kennedy as “legislative child abuse.”
Edelman cited data from the Urban Institute showing that even under the unrealistically optimistic assumption that two thirds of long-term welfare recipients would find jobs, the current welfare law would move 2.6 million people, including 1.1 million children, into poverty. Further, the 1996 law reduced the incomes of 11 million low-income families, fully 10% of all the families in America. Of the families thus impacted, 8 million families with children would suffer losses of an average $1,300 per family as a result of food stamp cuts. Many working families slightly above the official federal poverty line of $12,158 for a family of three would lose income.
But these statistics turn out to understate this vast problem. The fact is that jobs were not available in sufficient numbers to accommodate the welfare recipients that were going to have their benefits terminated in 1999, when the welfare law’s draconian two-year limit on welfare payments to many current recipients would expire. This was the point stressed by the US Conference of Mayors in late November 1997, with a warning that unless there were increased investments in job-creation, transport, child care, and health coverage, huge numbers of Americans risked abject poverty in 1999. These were the conclusions of a 34-city survey commissioned by the mayors.
Philadelphia Mayor Ed Rendell, the chairman of the mayors’ task force on the welfare-to-work issue, stated that “By the summer 1999, for the first time since the great depression, there will be large numbers of Americans in American cities without any subsidies at all, without any cash payments. We cannot let that happen,” Rendell pointed to a “serious mismatch” between the large numbers of welfare recipients seeking employment and jobs available to them. “Regardless of the training and child-care available, it is too much to expect that these numbers of welfare recipients are going to finds jobs in this market,” said Mayor Rendell. [Financial Times, November 22, 1997] One key problem was that inner city welfare victims had no cars and could not reach jobs at shopping malls and industrial parks in the suburbs given the lack of any serious urban mass transit system in many metropolitan areas where welfare was most common.
President Clinton failed the American people when he capitulated to the fascistic tendencies of Newt Gingrich and the profoundly reactionary proposals of the self styled conservative revolution. Clinton was a key part of the process of stripping away the economic rights of the American people. This was a direct assault on the New Deal and one of the most extreme assaults on the economic rights of the American people.
As Americans we each have the right to not to be destitute. A society of destitute people is on the way to a dictatorship. If Madame Clinton wants your vote she must be asked- What would you have done in order to stop ending welfare as we knew it? What advice did you give your husband in 1995 when he signed the Personal Responsibility and Opportunity Act?
1999: Bill Clinton Signed Abolition of Glass Steagall and Allowed Interstate Banking
Bill Clinton’s repeal of the Glass-Steagall Act—which dissolved the firewall between commercial and investment banks—clearly indicates that Hillary would only serve the interests of Wall Street if elected president. Glass-Steagall prohibited low-risk commercial banks that dealt in managing deposits and providing loans from engaging in predatory high-risk speculation. The Gramm-Leach-Bliley Act, signed by Clinton in 1999, effectively nullified Glass-Steagall and opened up the savings and pensions of the working class for looting from parasitic bankers. Although this repeal was among a larger wave of Greenspan era deregulation that sowed the seeds for the 2008 crisis, it fundamentally altered the nature of banking by normalizing overly risky practices and therefore expanding the scope of the shadow banking cabal.
Moreover, it is near impossible to imagine Hillary reinstating Glass-Steagall considering that some of her biggest donors–most notably, Goldman Sachs, JPMorgan Chase, and Citigroup–are the same financial madhouses that lobbied heavily in favor of the Gramm-Leach-Bliley Act. In fact, according to the National Review, Hillary netted $400,000 from two speeches delivered at a conference hosted by Goldman Sachs in October of 2013. Hillary knows where her bread is buttered, which means there would no be no honest banking under another Clinton presidency. For the TWSP, the return of Glass-Steagall is only one of many regulations needed to tame the infinite greed of Wall Street vultures.
2000: Bill Clinton Legalized Derivatives
While the roots of our present crisis stretch back over many decades of free trade, privatization and shifts of power to the financial sector, no one act bears more blame for the 2008 financial panic and ongoing global turbulence than the Commodity Futures Modernization Act (CFMA) of 2000.
Following the repeal of Glass-Steagall and under continued pressure from Wall Street and reactionary senators like Phil Gramm, Clinton established the 1999 “President’s Working Group on Financial Markets,” chaired by Lawrence Summers, Alan Greenspan, Arthur Levitt and William Rainer. Summers’ and Greenspan’s reputations as Wall Street hatchet men precede them; Levitt went on to advise the Carlyle Group and Goldman Sachs; and Rainer – who replaced the courageous, ousted Commodity Futures Trading Corp. chair Brooksley Born – went on to found a derivatives exchange and several investment funds.
The CFMA proposed a series of “modernizations” (deregulations) of derivatives coinciding with the emergence of computerized “flash trading” capabilities that allowed Wall Street to steal untold billions from the productive sectors of the economy. Notoriously, it allowed for the creation and black-market trading of many synthetic derivatives, under the so-called “Enron Loophole.” Soon insurance companies, pension funds and other investors previously confined to stocks and bonds were involved in oil and food futures, credit default swaps, mortgage backed securities, and other forms of volatile speculation that wrecked many of these funds and led to the events of 2008.
In recent years, Bill Clinton has attempted to distance himself from the CFMA (“I think they were wrong and I was wrong”), claiming he and treasury secretary Larry Summers were misled by Alan Greenspan and that a veto-proof majority in Congress would have defeated his attempts at regulation anyway. Filmmaker Charles Ferguson, who interviewed Clinton for his film “Inside Job” chronicling deregulation and the 2008 crash, believes Clinton is simply lying.
Tellingly, Ferguson had to cancel a planned documentary on Hillary Clinton, presumably touching on similar themes, as he was unable to secure participation from neither Clinton’s friends nor enemies. “I also saw one reason why Hillary Clinton might not be thrilled about my movie,” Ferguson says. “In Arkansas, she joined the boards of Walmart and Tyson Foods. One of the largest donors to the Bill, Hillary, and Chelsea Clinton Foundation is the government of Saudi Arabia. The Clintons’ personal net worth now probably exceeds $200 million, and while earned legally, both the money’s sources and the Clintons’ public statements indicate a strong aversion to rocking boats or making powerful enemies.”
The Clinton Foundation receives millions from Wall Street banks, hedge funds, cartels and their related foundations. How can Hillary to have any independence on fighting Wall Street when her palms are greased by Barclays, Fidelity, Citibank, Duke Energy, ExxonMobil, George Soros’ Open Society Institute and countless other Wall Street tentacles? Even Chelsea Clinton’s own husband, Mark Mezvinsky, is a hedge fund operator currently trying to recoup millions in lost investments in Greece.
Simply put, whether Bill and Hillary Clinton have the intellectual power to have stopped derivatives, free trade, financial deregulation or any of a number of wars is immaterial. They have proved themselves to lack the moral courage required to bite the many hands that feed their political machine.

































Reblogged this on Wolfessblog — Guillotine mediocrity in all its forms! and commented:
This article proves that the Clintons are a blight on our once-great country — Her Reprehensible Cunt[on] MUST be stopped!
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