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To: Ippolita
I have heard Democrat quips on how we are back to “Reganomics”, a derogatory name for what Democrats saw as bad economics. Well, Alan Greenspan, put in his place in 1992 under the Clinton administration, has publicly upheld the Regan economic view.

Great work on your speech, but please allow me to correct one issue. Alan Greenspan was originally appointed to Chairman of the Federal Reserve Board by none other than President Ronald Reagan, not Clinton. I always gave Clinton credit for reappointing him to the Fed, but please don't buy into the false impression from the media that Clinton is responsible for Greenspan getting into the Fed.

http://www.infoplease.com/finance/commentary/feature/feature_feds.html

From this article:
He has influenced the course of the economy since 1987, when he was first appointed Chairman of the Board of Governors of the Federal Reserve System - or Chairman of the Fed, for short.

Note, Greenspan may have been originally appointed to the Fed in 1983 by Reagan and promoted to Chairman in 1987. This is how my memory serves me, but I'm too lazy (and at work) to look the full history up. What I do know is, Reagan got him into the Fed originally, not Carter, not Clinton.

19 posted on 04/29/2004 10:45:09 AM PDT by Diplomat
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To: Diplomat
http://www.federalreserve.gov/bios/greenspan.htm

Alan Greenspan took office June 20, 2000, as Chairman of the Board of Governors of the Federal Reserve System for a fourth four-year term ending June 20, 2004. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. He originally took office as Chairman and to fill an unexpired term as a member of the Board on August 11, 1987. Dr. Greenspan was reappointed to the Board to a full 14-year term, which began February 1, 1992. He has been designated Chairman by Presidents Reagan, Bush, and Clinton.
32 posted on 04/30/2004 3:27:53 AM PDT by Ippolita (Si vis pacem para bellum)
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