Greenspan on economy

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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.
 
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The Rabbi

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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?
 
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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?
 

uscitizen

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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.
 
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Yeah but even he agrees the economy is looking up.
 

Polk

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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?
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.
 

The Rabbi

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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?
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.
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?
 

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.
 

Kevin_Kennedy

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Why would we listen to the man most responsible for the mess we're in now?
 

Dont Taz Me Bro

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

Meanwhile.....

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

The Rabbi

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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.
There wasn't a single net new job? How do you explain the fact that job loss was worse under Bush in 2001 than under Obama in 2009 and we still had lower unemployment?
Oh I know. It can't be. I am making this up. Anything that interferes with your warped view of reality must be dismissed at all costs.
You are one of the most shit-filled posters on this site.
 

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.
There wasn't a single net new job? How do you explain the fact that job loss was worse under Bush in 2001 than under Obama in 2009 and we still had lower unemployment?
Oh I know. It can't be. I am making this up. Anything that interferes with your warped view of reality must be dismissed at all costs.
You are one of the most shit-filled posters on this site.
Anything that doesn't back up your crazy beliefs are "shit-filled", in your opinion. I base my statements on evidence. You make kooky claims, then bitch when someone proves you wrong (like how you claimed unemployment averaged four percent during the Bush administration, and are now trying to claim that you meant it was near four percent one month).

Zero Private-Sector Jobs Created In Past 11 Years
By Jed Graham
Wed., Jan. 27, '10 6:21 AM ET

It’s been pretty widely discussed that the past decade was a lost one for job creation. But focusing on private payrolls alone would also wipe out nearly all of the employment gains from 1999, among the better years on record.

Next Friday’s employment report comes with an annual benchmark revision that the Bureau of Labor Statistics estimated would erase 855,000 private jobs (and add 31,000 government jobs).

Subtract that from the seasonally adjusted December payroll number of 108.44 million and that would leave just 107.59 million private payroll jobs. That’s the least since January 1999, when there were 107.40 million.

Zero Private-Sector Jobs Created In Past 11 Years
 

Political Junky

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Greenspan did admit that deregulation, which he, Reagan, and Bush all touted, was a failure.
 

Polk

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Greenspan did admit that deregulation, which he, Reagan, and Bush all touted, was a failure.
Regardless of how you feel about the guy, it takes a pretty big man to admit that something he pushed so heavily and for so long was a failure.
 

Political Junky

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Greenspan did admit that deregulation, which he, Reagan, and Bush all touted, was a failure.
Regardless of how you feel about the guy, it takes a pretty big man to admit that something he pushed so heavily and for so long was a failure.
True. I also feel he knows what he's saying when he says things are improving.
 

Kevin_Kennedy

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Greenspan did admit that deregulation, which he, Reagan, and Bush all touted, was a failure.
Regardless of how you feel about the guy, it takes a pretty big man to admit that something he pushed so heavily and for so long was a failure.
What one says and what one does, however, are not always the same thing. One can speak of free markets and deregulation to the heart's content, but if the actual policies one undertakes undermines the free market then you can't accurately call them a supporter of the free market. As Fed Chairman Greenspan did everything in his power to subvert the free market, and thus our current problems.
 

uscitizen

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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.
There wasn't a single net new job? How do you explain the fact that job loss was worse under Bush in 2001 than under Obama in 2009 and we still had lower unemployment?
Oh I know. It can't be. I am making this up. Anything that interferes with your warped view of reality must be dismissed at all costs.
You are one of the most shit-filled posters on this site.
Anything that doesn't back up your crazy beliefs are "shit-filled", in your opinion. I base my statements on evidence. You make kooky claims, then bitch when someone proves you wrong (like how you claimed unemployment averaged four percent during the Bush administration, and are now trying to claim that you meant it was near four percent one month).

Zero Private-Sector Jobs Created In Past 11 Years
By Jed Graham
Wed., Jan. 27, '10 6:21 AM ET

It’s been pretty widely discussed that the past decade was a lost one for job creation. But focusing on private payrolls alone would also wipe out nearly all of the employment gains from 1999, among the better years on record.

Next Friday’s employment report comes with an annual benchmark revision that the Bureau of Labor Statistics estimated would erase 855,000 private jobs (and add 31,000 government jobs).

Subtract that from the seasonally adjusted December payroll number of 108.44 million and that would leave just 107.59 million private payroll jobs. That’s the least since January 1999, when there were 107.40 million.

Zero Private-Sector Jobs Created In Past 11 Years
Yeah right! That article is from that liberal Investors Business Daily. Sheesh, do you think we were born yesterday?
 

oreo

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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?

Why would anyone listen to Alan Greenspan--after all he is--along with Robert Rubin--Clintons treasury secretary responsible for sub-prime mortgages--whereas this government thought it would be a great idea to co-sign our names to 50% of the mortgages in this country. Then Alan Greenspan and Robert Rubin were full supporters and defenders of the derivitives market--whereas Wall Street was buying up all those morgages they co-signed our names too, and started using them as collateral in the grand casino of trading.

Actually ground zero for this current economic collapse. Why would anyone respect what Alan Greenspan has to say?
 

LibocalypseNow

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Sorry to be so blunt but...F*CK Greenspan! He is a corrupt buffoon who helped cause the recent economic collapse. Now we're supposed to bow to him and hang on his every word? Sorry,not me. The Wall Street Fat Cats are getting rich again but that doesn't mean Main Street is. The American Tax Payer bailed Wall Street out and now they're reaping the benefits. Once again the average American Tax Payer got screwed. We will have another massive economic collapse and Wall Street will be begging for more bailouts at some point. So Greenspan and his lackey Bernanke can just F*CK OFF as far as i'm concerned.
 

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