Greenspan on economy

Discussion in 'Politics' started by Truthmatters, Apr 4, 2010.

  1. Truthmatters
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    Greenspan Cites Evidence of Economic ?Momentum? - NYTimes.com


    Alan Greenspan, the former chairman of the Federal Reserve and a self-described Republican libertarian, on Sunday reinforced increasingly confident assessments by the Obama administration that the nation’s latest job numbers reveal a resurgent economy.

    Alan Greenspan“There is a momentum building up which is really just beginning, and it’s got a way to go,” Mr. Greenspan said on ABC’s “This Week” television program, when asked about Friday’s report that 162,000 jobs had been created in March.
     
    Last edited: Apr 4, 2010
  2. The Rabbi
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    The Rabbi Diamond Member

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    It's probably true. And? Unless Obama launches yet another stupid job-killer like cap n tax things will probably improve slowly and languish, with unemployment hovering between 7 and 9%. Inflation will run about the same.
    Compare that to Bush's 4% unemployment and 2% inflation.
    Do you miss him yet?
     
  3. Truthmatters
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    Hes the one who ignored all the signs of the creation of this mess and helped it along, Why would anyy sane person miss Bush?
     
  4. uscitizen
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    uscitizen Senior Member

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    Why would anyone listen to Greenspan? He is part of the problem not part of the soloution.
    His soloution is more of the same.

    He is also the one who engineered SS reform under Reagan, increasing SS withholding too much and giving the govt nearly 3 trillion of our money to spend.
     
  5. Truthmatters
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    Yeah but even he agrees the economy is looking up.
     
  6. Polk
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    Polk Classic

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    Once again, "The Rabbi" thinks he can just make up numbers.

    Unemployment was never 4 percent during the Bush administration. The lowest it was in any month was 4.2 percent (during his first month in office) and across his tenure in office, the average was 5.3 percent. From the first month of his presidency to the last, the unemployment rate increased by 76 percent.

    Ditto for inflation. Inflation is almost zero, and yet Rabbi is claiming it's creeping up on ten percent.
     
  7. The Rabbi
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    Wow. 4.2% instead of 4%. Boy you sure caught me in a whopper there.
    Fact is that unemployment, job creation, and inflation were all better under Bush, from beginning to end, than they have been in all of Obama's term so far. And even Obama's own projections don't show that changing.

    Are you missing him yet? Wouldn't you like a president who doesn't bow to the Burger King?
     
  8. Polk
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    4.2 percent at it's lowest. You claimed it was 4 percent over his tenure in office.

    And job creation was better under Bush? There wasn't a single net new job the entire time Bush was in office.
     
  9. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Why would we listen to the man most responsible for the mess we're in now?
     
  10. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    Ah yes, Alan Greenspan, the man who helped orchestrate the housing collapse.

    Meanwhile.....

    The Associated Press: White House braces unemployed for slow job rebound
     

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