Former President Bill Clinton is making headlines again, this time touting his liberal prescriptions to fix the economy. Those remedies are laid out his new book Back to Work: Why We Need Smart Government for a Strong Economy. The news media is doing their part to promote Clinton's work and his economic legacy, portraying him as the economic savior of America.
This should come as no surprise, since Clinton is still beloved by liberal journalists. New York Times book reviewer Michiko Kakutani called Clinton's book "a lucid one-man rebuttal of the Tea Party's anti-government agenda." Kakutani also summarized Clinton's plan, saying "Mr. Clinton serves up a succinct common-sense argument, why both spending cuts and increased tax revenues are necessary for addressing the debt problem."
In the past 20 months, liberal media members have routinely blamed 2008's financial crisis on George W. Bush, Republicans, Wall Street, and greed.
Someone that has hardly ever been accused of having a hand in what led to the tumult is former President Bill Clinton.
As NewsBusters has been reporting almost since the crash began, it was Clinton who signed into law two key bills -- the Financial Services Modernization Act of 1999 and the Commodity Futures Modernization Act of 2000 -- that ushered in the malfeasance that almost toppled the world economy.
On Saturday, a former editorial page editor for the Wall Street Journal, George Melloan, made the connection even stronger as he pointed a finger at someone most in the media have shamelessly given a pass for his involvement in this crisis (h/t @RLMcMahon):