Alan Greenspan Blames Republicans for Our Financial Problem

Discussion in 'Politics' started by KissMy, Dec 6, 2012.

  1. KissMy
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    KissMy Free Breast Exam

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    On Bloomberg TV Just Now Former Federal Reserve Chairman Alan Greenspan Blames All The Past Republican Administrations & Congress for Our Countries Financial Problems!

    Their drown it in the bathtub starve the beast tax cut unfunded mandates have destroyed this country. Had we properly cut spending & taxed to fund them all along everything would be fine. Instead Republicans exploded entitlement spending. Now the trust fund has been raided & it will cost a hell of a lot more to repay it with the interest it should have accrued all along now. We should have loaned money with a repayment plan to grow the economy instead of lending by redistributing it to the rich through the tax code to grow it. Now the rich will hide it instead of paying it back + interest with higher taxes. The country has been looted.

    PS: Also my OP is not a quote, it is my interpration of his fancy words. I will have to wait for a clip to replay to get his words.
     
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    Last edited: Dec 6, 2012
  2. jillian
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    jillian Princess Supporting Member

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    Yes
     
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  3. zeke
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    zeke Gold Member

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    Ouch. Thats gotta hurt.

    But then, some of the noted, professional economist's on here will come along and say how ole Alan don't know wtf he is talking about.

    Funny.
     
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  4. usmcstinger
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    usmcstinger Silver Member

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    I was Greenspan's failure to take action to prevent the .com bubble from growing out of control and bursting. He saw it and called it Irrational Exuberance and did nothing to prevent it.
     
  5. TNHarley
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    TNHarley Gold Member

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    LOL I think its funny how demis back up all the lazy good for nothings, criminals etc but absolutely hate Republicans! Blame everything on them! Democrats are fckn perfect! HAHA losers
     
  6. TNHarley
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    TNHarley Gold Member

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    Democrats pushed Fannie Mae! Oh yea that was Bushs fault even though he was AGAINST it
     
  7. zeke
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    zeke Gold Member

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    See. The noted, published (right here) whacko economist TN Harley has arrived to blame it all on Dems.
    wtf is Alan Greenspan anyway? (That wtf is "who" not "what".
     
  8. Wry Catcher
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    Wry Catcher Platinum Member

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    Spot on!
     
  9. 007
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    007 Charter Member Supporting Member

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    Greenspan is part of the reason this country is financially fucked, so of course he's going to blame whoever is convenient to shift blame away from himself.

    Just another lying POS trying to cover for his own failures.
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Drown it in the tub unfunded mandates is just another way of saying I'm schizophrenic
     

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