Bill Clinton’s odious presidency

We Interrupt This News of Donald Trump...

 

BY MICHAEL WALSH MARCH 13, 2016 

The "progressive" machine of cultural Marxism can only destroy and not create. Now, courtesy of Salon, even Bubba feels its remorseless lash:

Bill Clinton’s odious presidency: Thomas Frank on the real history of the ’90s

Everyone remembers the years of the Bill Clinton presidency as good times. The economy was booming, the stock market was ascending, and the mood was infectious. You felt good about it even if you didn’t own a single share.

And yet: What did Clinton actually do in his eight years on Pennsylvania Avenue? While writing this book, I would periodically ask my liberal friends if they could recall the progressive laws he got passed, the high-minded policies he fought for—you know, the good things Bill Clinton got done while he was president. Why was it, I wondered, that we were supposed to think so highly of him—apart from his obvious personal charm, I mean?

It proved difficult for my libs. People mentioned the obvious things: Clinton once raised the minimum wage and expanded the Earned Income Tax Credit. He balanced the budget. He secured a modest tax increase on the rich. And he did propose a national health program, although it didn’t get very far and was in fact so poorly designed it could be a model of how not to do big policy initiatives.

Other than that, not much. No one could think of any great but hopeless Clintonian stands on principle; after all, this is the guy who once took a poll to decide where to go on vacation. His presidency was all about campaign donations, not personal bravery—he basically rented out the Lincoln Bedroom, for chrissake, and at the end of his time in office he even appeared to sell a presidential pardon.

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So now the libs get around to admitting what we were saying back in the halcyon nineties! Which is why that even Bill's aging spouse, still coughing her way through her doomed campaign for the White House, has had to disown him.

Evaluating Clinton’s presidency as heroic is no longer a given, however. After the bursting of the dot-com bubble in 2000, the corporate scandals of the Enron period, and the collapse of the real estate racket, our view of the prosperous Nineties has changed quite a bit. Now we remember that it was Bill Clinton’s administration that deregulated derivatives, that deregulated telecom, and that put our country’s only strong banking laws in the grave. He’s the one who rammed the North American Free Trade Agreement (NAFTA) through Congress and who taught the world that the way you respond to a recession is by paying off the federal deficit. Mass incarceration and the repeal of welfare, two of Clinton’s other major achievements, are the pillars of the disciplinary state that has made life so miserable for Americans in the lower reaches of society. He would have put a huge dent in Social Security, too, had the Monica Lewinsky sex scandal not stopped him. If we take inequality as our measure, the Clinton administration looks not heroic but odious.

It's all so (bleeping) hysterical.