Cahill broke it down. “The data is clear that the last time a Clinton was in the White House, minorities were jailed at higher rates than during any of Clinton’s predecessors, with 673,000 new inmates in state and federal prisons. Black poverty and unemployment rates also skyrocketed during the Clinton years. As Ohio State University law professor and acclaimed author Michelle Alexander wrote in The Root, Clinton’s presidency ushered in the mass incarceration epidemic:
‘Human Rights Watch reported that in seven states, African Americans constituted 80 to 90 percent of all drug offenders sent to prison, even though they were no more likely than whites to use or sell illegal drugs. Prison admissions for drug offenses reached a level in 2000 for African Americans more than 26 times the level in 1983. All of the presidents since 1980 have contributed to mass incarceration, but as Equal Justice Initiative founder Bryan Stevenson recently observed, ‘President Clinton’s tenure was the worst.’
Bill Clinton’s landmark legislation in his second term was the Personal Responsibility and Work Opportunity Reconciliation Act, which gutted federal welfare programs by providing welfare in block grants
not tied to inflation. As a result, 20 years after Clinton’s welfare reform bill became law, families on welfare receive one-third less
Newman is the personification of the clueless voter. After initially denying that his tweet referenced Dr. Stein’s supporters, Newman made his agenda clear with a passionate defense of Bill Clinton that was totally devoid of facts. Newman said hey, HE was happy when Clinton was president (the ultimate house negro response). Newman also said that Clinton was no more racist than any other president. His characterization of Stein only being supported by privileged whites is bs. Blacks on the far left have gotten behind Dr. Stein and her running mate Ajamu Baraka, a man who has devoted his life to organizing for Black liberation. Black Agenda Report commentators Glen Ford and Margaret Kimberley, journalist Marc Lamont Hill and professor Cornel West are all enthusiastic supporters of Dr. Stein. While Newman’s nonsensical defense of President Clinton must first and foremost be attributed to his own stupidity, it’s also emblematic of the power of the Clinton machine, and the corporate media. So-called journalists trade truth for access, which Democracy Now! host Amy Goodman calls the Access of Evil. The Clinton machine uses Black ‘community leaders’ and local elected officials to spread the Clinton gospel.
Incredibly, Newman claimed that President Clinton could not be blamed for the 2008 economic meltdown; Clinton’s 1999
repeal of the Glass Steagall Act was the direct cause. Robert Reich, who served as Clinton’s Secretary of Labor, recounted the history in a recent blog post. “Hillary Clinton won’t propose reinstating a bank break-up law known as the Glass-Steagall Act — at least according to Alan Blinder, an economist who has been advising Clinton’s campaign. ‘You’re not going to see Glass-Steagall,’ Blinder said
after her economic speech Monday in which she failed to mention it. Blinder said he had spoken to Clinton directly about Glass-Steagall.
This is a big mistake.
It’s a mistake politically because people who believe Hillary Clinton is still too close to Wall Street will not be reassured by her position on Glass-Steagall. Many will recall that her husband led the way to repealing Glass Steagall in 1999 at the request of the big Wall Street banks.
It’s a big mistake economically because the repeal of Glass-Steagall led directly to the 2008 Wall Street crash, and without it we’re in danger of another one.
Some background: During the Roaring Twenties, so much money could be made by speculating on shares of stock that several big Wall Street banks began selling stock along side their traditional banking services — taking in deposits and making loans.
Some banks went further, lending to pools of speculators that used the money to pump up share prices. The banks sold the shares to their customers, only to have the share prices collapse when the speculators dumped them.
For the banks, it was an egregious but hugely profitable conflict of interest.
After the entire stock market crashed in 1929, ushering in the Great Depression, Washington needed to restore the public’s faith in the banking system. One step was for Congress to enact legislation insuring commercial deposits against bank losses.
Another was to prevent the kinds of conflicts of interest that resulted in such losses, and which had fueled the boom and subsequent bust. Under the Glass-Steagall Act of 1933, banks couldn’t both gamble in the market and also take in deposits and make loans. They’d have to choose between the two.
‘The idea is pretty simple behind this one,’ Senator Elizabeth Warren said
a few days ago, explaining her bill to resurrect Glass-Steagall. ‘If banks want to engage in high-risk trading — they can go for it, but they can’t get access to ensured deposits and put the taxpayers on the hook for that reason.’
For more than six decades after 1933, Glass-Steagall worked exactly as it was intended to. During that long interval few banks failed and no financial panic endangered the banking system.
But the big Wall Street banks weren’t content. They wanted bigger profits. They thought they could make far more money by gambling with commercial deposits. So they set out to whittle down Glass-Steagall.
Finally, in 1999, President Bill Clinton struck a deal with Republican Senator Phil Gramm to do exactly what Wall Street wanted, and repeal Glass-Steagall altogether.
What happened next? An almost exact replay of the Roaring Twenties. Once again, banks originated fraudulent loans and sold them to their customers in the form of securities. Once again, there was a huge conflict of interest that finally resulted in a banking crisis.
This time the banks were bailed out, but millions of Americans lost their savings, their jobs, even their homes.”
Dr. Stein’s platform would clearly benefit Black people. Black unemployment is currently at Depression era levels. Dr. Stein has proposed a Green New Deal, a revival of President Franklin D. Roosevelt’s New Deal that created over eight million jobs during the Great Depression. Dr. Stein also wants to end the racist so-called War on Drugs, legalizing marijuana and decriminalizing other drugs, release nonviolent drug offenders from prison, and treat drug abuse as a public health issue instead of a criminal matter. Dr. Stein’s plan to address police violence includes implementing community control of the police, and empowering independent outside legal representatives to investigate all deaths and serious injuries suffered at the hands of police. Currently use of force cases are investigated by prosecutors (who work closely with the police), which is a total conflict of interest. Eliminating mandatory minimum jail sentences, abolishing private prisons, free health care/college and cancelling student debt are also a part of the Stein platform.
Terrence Newman has been duped by the Democrats. I won’t follow him off the cliff. The Jill Stein platform is clearly the plan that is needed in urban neighborhoods.
Please help communities affected by the Louisiana flood.
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