Posted on 10/01/2009 7:24:13 PM PDT by TheFreedomPoster
In an interview with Bloomberg yesterday, former Federal Reserve Chairman Alan Greenspan warned about possible future inflation and higher taxes as consequences for the unprecedented deficit spending taking place in the United States.
(Excerpt) Read more at myfreedompost.com ...
No $hit, Sherlock.
Too bad noone in power is going to listen
That was perfect! :-)
Hey AL, what does you liberal wife think?
He can thank his wife for holding the truth about obama from the public. (along with all the other democrats.
I agree. All this government spending has artificially held up the economy somewhat. It has not fixed the underlying problems and only by letting the market run its course can we truly get things turned around. Obama has only delayed things. November 2010 could be very interesting.
Why would anyone listen to him?
He was totally discredited on the idea of unregulated derivative markets, and admitted it in public.
Almost broke down crying in front of Congress.
Then wrote some articles complaining about computer models.
Now he is Wall Street’s Useful Idiot again about deregulation.
“All this government spending has artificially held up the economy somewhat”
Agreed. But Greenspan was 100% for it.
Part of their “failed market” cult—that there cannot be one.
Go away Alan, you’re a has been.
As a result of the escalating deficit problem, Greenspan predicted higher future taxes, “The presumption that we’re going to be able to resolve this without significant increases in taxes is unrealistic.”
The former Fed Chief also warned the government against overacting to the current financial problems with excessive government regulation, such as controlling executive compensation at institutions that didn't receive government bailouts.
Don’t worry. The liberal press will put a nice spin on it:)
scream it from the rooftops...congress is killing the country
The man does have a talent for obfuscating the obvious.
/johnny
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