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
economy.

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.

Mike D

"Michael Dobony" wrote in message
...

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
economy.

The Alan Greenspan who said for most of his adult life that the market was
self-policing and self-correcting even in cases of outright fraud, but who
had to admit not too long ago that his beliefs had been shown to have some
serious flaws (e.g. the recent Wall St. meltdown)--that Alan Greenspan?

Yeah, there's a guy with credibility to spare. I wonder where he was on the
subject of deficits when the Bush administration was doubling the federal
debt?

On Thu, 17 Mar 2011 11:01:20 -0700, DGDevin wrote:

"Michael Dobony" wrote in message
...

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
economy.

The Alan Greenspan who said for most of his adult life that the market was
self-policing and self-correcting even in cases of outright fraud, but who
had to admit not too long ago that his beliefs had been shown to have some
serious flaws (e.g. the recent Wall St. meltdown)--that Alan Greenspan?

Yeah, there's a guy with credibility to spare. I wonder where he was on the
subject of deficits when the Bush administration was doubling the federal
debt?

???????? Doubling? It took 8 years for Bush to allow about $700 billion in
overspending. Yes, he should have vetoed the corrupt Democrat budgets. Now
they have a free hand at overspending by the trillions each year! The
budget does NOT start with the President, but with the House (read your
Constitution).

Yea, Greenspan was an arrogant idiot to think he could control the economy.
He did do a good job for a long time, but overestimated his control. His
ego was bigger than an Obama/Democrat budget deficit!

On Mar 17, 10:55*am, Michael Dobony wrote:
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
economy.

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.

Mike D

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.

HB

Higgs Boson wrote:

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.


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.