This Decade Will Be Rememberedd as the One Where Phil Gramm F***Ed the American People?
Tuesday, February 24th, 2009 at
2:14 am
Blaven! asked:
Apparently this guy caused the economic meltdown, California power outages, the collapse of Enron AND rising gas prices throughout the last eight years. All thanks to the Commodities Futures Trading Act he pushed through in ’00.
Apparently this guy caused the economic meltdown, California power outages, the collapse of Enron AND rising gas prices throughout the last eight years. All thanks to the Commodities Futures Trading Act he pushed through in ’00.
http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000
http://www.texasobserver.org/article.php?aid=2767
Oh yeah, forgot a link: http://money.cnn.com/2008/05/08/news/economy/senate_gas_prices/index.htm
Gramm snuck it into a bloated omnibus bill just before the end of the 2000 congressional session and the end of Clinton’s term in office.
Clinton should’ve read the damn thing before signing it. He should’ve vetoed it. But it was Gramm’s brainchild and he was rather deceptive in how he introduced the bill.
Tagged with: Cnn • Collapse Of Enron • Congressional Session
Filed under: Commodity Trading
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Didn’t Clinton sign that bill…..?
Presidents have a staff to go through bills before he signs them. Either his staff wasn’t doing their job, or Clinton really supported this piece of legislation, but is now claiming he didn’t know about since it turned out to be such a bad deal.