Don't you think it's odd that Greenspan NOW after NINE years .. is worried about the "urgency to rein in budget deficits" ..? Particularly AFTER he was 100 percent in favor of bush's budget-busting tax cuts for the wealthy with the following results ....
Let's see what else was a HUGE mistake by 'greenspan' .. oh yes - his ERROR on .. Regulation of the financial industry ..2008 greenspan
"I made a mistake in presuming that the self-interests of organizations, specifically banks and others, were such as that they were best capable of protecting their own shareholders and their equity in the firms."
Another thing about greenspan .. ALL through Clintons term (the 90s) he continually PREACHED the 'virtue' of fiscal restraint ...yet all through reagans 80s when the deficit was TRIPLED.. . .. STILL not a peep .. from alan . .. . NOW .. let's remember his performance when he was working for Charles Keating at Lincoln savings and loan as a consultant drawing huge FEES .. . What did he 'miss' then ... AGAIN ..(working for 'republicans') ? .. oh my .. even way back then .... he was still providing cover for financial crooks .. his own words AGAIN
Of course I'm embarrassed by my failure to foresee what eventually transpired," he said later. I was wrong about Lincoln. I was wrong about what they would ultimately do and the problems they would ultimately create.
So what do we have here with greenspan .. ? He has been cataclysmically wrong three times Here it is AGAIN ... 'greenspans' support of reagans triple and the 'bush' double of the deficit is ALL anyone needs to know about HOW to evaluate anything that comes out of his mouth.. Just a reminder ...greenspan was ALSO in favor of the bush SECOND tax cuts ..in 2005 AFTER we were involved in two wars ... TAKE another LOOK
.....It's obvious that Alan Greenspan's reputation is DIRT ..with those who know .... so FUNNY ..the 80s - deficits are good - (him & cheney) the 90s ...ooops FISCAL RESTRAINT puleeeze! the NAUGHTS ..Deficits just don't matter ..2009 OOOPS DEFICITS MATTER AGAIN ...! ......he's just another political hack who at one time had a little power to help the country from financial hardship and he MISSED THEM all ... .. I would suggest you listen to Krugman .. He called ALL of them RIGHT..
AI
