Global Economic Intersection
Advertisement
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
Global Economic Intersection
No Result
View All Result

Former American President Bill Clinton

admin by admin
July 9, 2014
in Uncategorized
0
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Written by Frank Li

I published an article about President Bill Clinton almost two years ago. I just re-read that article (The Myth of The Bill Clinton Presidency) – not a single word needs to be changed. Yes, Bill Clinton still is “the luckiest American President“, so far!

This post was triggered by a recent news story: Bill Clinton raked in $100M in speeches over last decade. Allow me to expound on him specifically, and the American Presidency in general …

Is there anything wrong for an American to make a lot of money by giving speeches? Of course not!

Is there anything wrong for a former American President to make a lot of money by giving speeches? Of course not, either, unless it’s just a “hide the money” cover for peddling political favors! Beyond skin deep, I see three serious problems with our system:

  1. Many American Presidents are too young (i.e. too inexperienced).

  2. They make serious mistakes while in office, largely due to their lack of wisdom, on top of “getting re-elected ad nauseam.”

  3. They enrich themselves during and after leaving office, to the detriment of the U.S., especially when foreign money is mixed with politics (Clinton Foundation).

Let me elaborate on each.

1. Most American Presidents are too young

Read: American Presidency: Raising The Minimum Age to 55!

2. Too many bad American Presidents

Three readings:

  1. American Presidents: Three Best and Three Worst.

  2. Correctly Assessing Chinese Leaders and American Presidents.

  3. American Presidency: Is It a Joke (II)?

Because this post is specifically about President Clinton, let me repeat his “two costly mistakes” while in office (The Myth of The Bill Clinton Presidency):

  1. He amended the CRA (Community Reinvestment Act) to its final, and lethal, form, thus contributing to a spectacular housing bubble that burst in 2008. For more, read: How the CRA Fueled the Housing Bubble.

  2. He failed to significantly adjust U.S. foreign policy after the Cold War. As a result, America actually became a major source of instability around the world, especially in the Middle East (U.S. Middle East Policy: What’s Wrong?). A strong case in point: The seeds for the 9/11 tragedy were sowed on President Clinton’s watch. For example, President Clinton actually refused Sudan’s offer to turn Osama Bin Laden over to the U.S.! Ron Paul was right on this (read: Ron Paul on 9/11: Ask the right questions and face the truth)!

For more on America’s failure after the Cold War, read: Three New Kingdoms.

3. Self-enriching

Pursuant to the US Constitution, the American Presidency was an unpaid position at the start of the republic and it remained so for a long time. That ensured that you had to succeed first (i.e. being financially independent), then you served with honor for a few years, and finally you returned home after doing your duty to your country.

Over time, the job was changed from unpaid to paid. For example, President Clinton was paid $200,000 a year while in office. Yet, the Clintons left the White House “dead broke” (Clintons ‘dead broke’ after White House). So they had to find a way to make some money, big money!

For an excellent example of a former American President, Harry Truman, read: Barack Obama vs. Harry Truman. Here is a quote:

Times have indeed changed from the presidency of Harry Truman to Bill Clinton and to Barack Obama!

4. Discussion

Ideally, the job of the American Presidency should be given to one of the most experienced Americans in both domestic policy and foreign affairs. But that’s not the case in America today.

Ideally, the American President should serve America, not just himself or his own party. But that’s not the case in America today!

Ideally, a former American President should be a senior statesman, staying far above partisan politics! But that’s not the case in America today!

Sad, isn’t it? For more, read: The American Presidency: Let’s Redefine It, Now!

America is changing for the worse, right at the top, and it’s infectious … Still wondering why many American politicians, especially a sitting President, pander to both the rich and the poor? Wonder not! They need the money of the rich to buy the votes of the poor! Oh, very importantly, they need to build bridges to a fat cat retirement!

In contrast, China is also changing, in the opposite direction! Here is an example:

Does “Saving America, Chinese Style” make more sense to you now than, say, 10 minutes ago?

5. Closing

Bill Clinton is not only the luckiest American President, but also the luckiest former American President in terms of becoming super-rich after leaving office!

Now, if you think former President Clinton is bad, wait after President Obama leaves office …

Previous Post

Selling Puts Vs. Buying Calls In Bull Markets

Next Post

China: Inflation and Deflation Both Moderated in June

Related Posts

Bitcoin Flirts With $24K, How High Will It Go?
Economics

Bitcoin Flirts With $24K, How High Will It Go?

by John Wanguba
February 3, 2023
Venezuela's PDVSA Toughens Oil Prepayment Terms
Business

Venezuela’s PDVSA Toughens Oil Prepayment Terms

by John Wanguba
February 2, 2023
German Economy Unexpectedly Contracts In Q4, Renewing Recession Fears
Economics

German Economy Unexpectedly Contracts In Q4, Renewing Recession Fears

by John Wanguba
February 2, 2023
Judge Dismisses Proposed Class-Action Suit Claiming Coinbase Securities Sales
Business

Judge Dismisses Proposed Class-Action Suit Claiming Coinbase Securities Sales

by John Wanguba
February 2, 2023
Aesop Targeted In $2bn Bidding War Between French Groups
Business

Aesop Targeted In $2bn Bidding War Between French Groups

by John Wanguba
February 1, 2023
Next Post

China: Inflation and Deflation Both Moderated in June

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins banking banks Binance Bitcoin Bitcoin adoption Bitcoin market Bitcoin mining blockchain BTC business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe finance FTX inflation investment market analysis markets Metaverse mining NFT nonfungible tokens oil market price analysis recession regulation Russia technology Tesla the UK the US Twitter

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • August 2010
  • August 2009

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized
Global Economic Intersection

After nearly 11 years of 24/7/365 operation, Global Economic Intersection co-founders Steven Hansen and John Lounsbury are retiring. The new owner, a global media company in London, is in the process of completing the set-up of Global Economic Intersection files in their system and publishing platform. The official website ownership transfer took place on 24 August.

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Recent Posts

  • Bitcoin Flirts With $24K, How High Will It Go?
  • Venezuela’s PDVSA Toughens Oil Prepayment Terms
  • German Economy Unexpectedly Contracts In Q4, Renewing Recession Fears

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

No Result
View All Result
  • Home
  • Contact Us
  • Bitcoin Robot
    • Bitcoin Profit
    • Bitcoin Code
    • Quantum AI
    • eKrona Cryptocurrency
    • Bitcoin Up
    • Bitcoin Prime
    • Yuan Pay Group
    • Immediate Profit
    • BitIQ
    • Bitcoin Loophole
    • Crypto Boom
    • Bitcoin Era
    • Bitcoin Treasure
    • Bitcoin Lucro
    • Bitcoin System
    • Oil Profit
    • The News Spy
    • British Bitcoin Profit
    • Bitcoin Trader
  • Bitcoin Reddit

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

en English
ar Arabicbg Bulgarianda Danishnl Dutchen Englishfi Finnishfr Frenchde Germanel Greekit Italianja Japaneselv Latvianno Norwegianpl Polishpt Portuguesero Romanianes Spanishsv Swedish