Fed veteran Alan Greenspan lambasts George W Bush - Page 2 - Mercedes-Benz Forum

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post #11 of 71 (permalink) Old 09-15-2007, 10:06 PM Thread Starter
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Monetary Policy and the State of the Economy by Ron Paul

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #12 of 71 (permalink) Old 09-15-2007, 10:12 PM
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So when, how, and who, pays the bill for this miracle of an economic turn around?
First of all, the national debt has not, does not and will not make a dime's worth of difference in anyone's life. Second, the continuing strength of our national Bush-economy will continue to erode the debt over time. As long as the President continues to push for a reduction in the national deficit by offering balanced budgets the debt will take care of itself, Chicken-Little!

Don't believe everything you think
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post #13 of 71 (permalink) Old 09-15-2007, 10:14 PM
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^ Do they teach that at Harvard?
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post #14 of 71 (permalink) Old 09-15-2007, 10:15 PM
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Originally Posted by Jayhawk
Cluck, cluck, cluck...

Greenspan is a well known liberal, Clinton-lover, who damn near destroyed the U.S. economy in the late '90's by ratcheting-up then lowering interest rates until it broke. It took President Bush and his brilliant economic policies to undo the Greenspan mess and that old fart has never forgiven him. This book is just a cheap-shop full of B.S. and should be taken seriously only by those of you on the looooony left! Have at it!!
So you admit you believe the world is flat, there are four elements, Elvis is alive and well in Calgary, and health is a matter of balancing the humors???

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post #15 of 71 (permalink) Old 09-15-2007, 10:17 PM
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Originally Posted by GermanStar
Geezz GS, will you quit dragging that old piece of shit out at every opportunity. He and Allen Greenspan would make a perfect couple. You should introduce them and give the rest of us a break. Maybe the three of you could go off into the sunset together... Now there's a visual for you!

Don't believe everything you think
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post #16 of 71 (permalink) Old 09-15-2007, 10:19 PM
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So you admit you believe the world is flat, there are four elements, Elvis is alive and well in Calgary, and health is a matter of balancing the humors???
Of course! Silly...

Don't believe everything you think
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post #17 of 71 (permalink) Old 09-15-2007, 10:20 PM
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^ Do they teach that at Harvard?
That's HaHaHavard to you dummy...

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post #18 of 71 (permalink) Old 09-15-2007, 10:29 PM Thread Starter
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Quote:
Originally Posted by Jayhawk
Geezz GS, will you quit dragging that old piece of shit out at every opportunity. He and Allen Greenspan would make a perfect couple. You should introduce them and give the rest of us a break. Maybe the three of you could go off into the sunset together... Now there's a visual for you!
You really ought to study up a bit before making silly statements like that. Dr. Paul wants the Federal Reserve abolished and has introduced legislation to that effect rather recently. How in the world does that put him in lockstep with Mr. Greenspan? Read the link -- it won't kill you to learn a little something new now and then.

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #19 of 71 (permalink) Old 09-15-2007, 10:29 PM
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Originally Posted by Jayhawk
First of all, the national debt has not, does not and will not make a dime's worth of difference in anyone's life. Second, the continuing strength of our national Bush-economy will continue to erode the debt over time. As long as the President continues to push for a reduction in the national deficit by offering balanced budgets the debt will take care of itself, Chicken-Little!
So which is it???

Deficit is not a problem?
or....
As long as the president pushes to reduce the deficit , we are fine?

You're talking out both sides dude.

Greenspan uses words that are more than a sylable or two long so I suppose I can't fault you in not understanding. He (Greenspan, dude) was also appointed by this Clinton loving old dude named Reagan. Now check this. Reagan proposed a balanced budget amandment....how gay this that??? Bush didn't waste his time pushing to balance the budget like Reagan. No! He wants same same sex marraige banned under an amendment.

You might not be bright but take this lesson home. Bush and the Republican Congress ran up our national credit card to such countries as communist China. Reagan appointee Greenspan is calling foul.

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post #20 of 71 (permalink) Old 09-15-2007, 10:29 PM
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It does when it helps turn an economy headed straight into the dumpster around! ...and makes it into the strongest economy in U.S. history!
Make that strongest GLOBAL Economy, NOT strongest US Economy. And the $5Trillion Bushie CHARGED is a tax increase of record proportion that is passed to every tax payer for life.

Note our previous economy was cooking along fine with surplus budgets [in a Republican Congress], similar interest rates to today [those 10% home loans were back in Bush1, not Clinton].

I would ask you to back up your comments "It does when it helps turn an economy headed straight into the dumpster around! ...and makes it into the strongest economy in U.S. history!" but well, you don't have a fact to pull from ANYWHERE for that.

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Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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