Discussion in 'Economy' started by Modbert, Aug 1, 2010.
Alan Greenspan To GOP: Let Bush Tax Cuts Lapse | The Seminal
1. it proves liberals who say pubs walk in lockstep are hacks
2. greenspan has seen his day and its good he no longer runs the show....i don't think slowing growth is good....
3. when obama follows the law and returns the bailout money to US coffers, then and only then should we start talking about following the law...the tax cuts could be extended or simply make a new law continuing the tax cuts by order of law, so no idea what greenspan is talking about
Why anyone would take what Alan Greenspan, the man most responsible for our current economic mess, says seriously is beyond me. This should also put to rest the silly idea that Greenspan favors free markets.
or, he's just learned the lesson that many free market capitalistas refuse to admit..
Platitude: Tax cuts will shrink the deficit.
Fact: Nope. Tax cuts to consumers will stimulate the economy. Tax cuts need to be targeted and stimulus money needs to be targeted too.
I find it interesting that cutting spending is seen as politically unfavorable, but somehow raising taxes isn't. Taxes raise and lower all the time, but spending continues on unabated.
The GOP has no balls to cut spending, but has the audacity to criticize tax hikes.
I'm not even going to comment on Greenspan other than to say it seems pretty convenient for the left to subscribe to the idea that somehow all the sudden NOW he's had some kind of economic epiphany. He's seen plenty of economic turmoil in his life and career. All the sudden he's now just becoming a liberal Keynesian?
Or maybe it's impossible for the chief central banker to be a free market capitalist, because central banking is the antithesis of a free market.
Suddenly, the left finds Greenspan credible.
Maybe the unfettered market has never worked in the history of man
Show us the last time it was tried.
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