Former Federal Reserve chairman Alan Greenspan is blaming the lagging
recover on the government's intervention! Specifically, he blames Obama and
the Democrat's outrageous deficits which are sucking money from the
Some good zombie komrad on one of the newsgroups thinks the problem is not
enough government spending! Too much government spending has historically
extended recessions and actually CAUSED the Great Depression. Insanity is
defined as doing the same thing over and over and expecting different
results. That is a wonderful description of Obama and the Democrats!
This should be a no-brainer. If you or I spend more than we can possibly
make we will go bankrupt. If the government spends more than you and I
make, it will go bankrupt.
Libertarian Alan Greenspan has a helluva nerve commenting on ANYTHING
in the realm of fiscal policy, after he stood by and watched the
meltdown he did so much to encourage! Reminds me of that immortal
line from "Casablanca" where the French officer is "shocked, shocked"
to discover gambling going on.
Greenspan had the brass-balled chutzpah to be "shocked" that the
markets didn't correct as his teeny-weeny Libertarian "brain" assured
him they would.
Get thee to a nunnery, Greenspan, along with the other fanatics,
religious and economic.
On Mon, 21 Mar 2011 15:34:21 -0700 (PDT), Higgs Boson
To be fair, we didn't let them even try to correct. We threw over a
trillion dollars of borrowed money at the problem before we even
understood how bad it was, mostly based on dire predictions from the
same people who caused the problem in the first place. Not
surprisingly, those are the only people who came away unscathed. They
even got fat bonuses.
Actually Greenspan was once pretty much on top of things. He handled the
Federal Reserve with the touch of a master to keep inflation under control.
Then he married a liberal (Andrea Mitchell). His last ten years of
government service were a disaster.
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