Posted on 12/01/2004 9:59:21 PM PST by CHARLITE
The White House used the front page of Monday's Washington Post to cashier a Cabinet member. A story headlined "Bush to Change Economic Team" said: "One senior administration official said Treasury Secretary John W. Snow can stay as long as he wants, provided it is not very long." Obviously the office will need filling before "very long."
The president should fill it with Alan Greenspan. He has headed the Federal Reserve System under four presidents — since August 1987. Now he is needed elsewhere.
Having been in Washington most of the 30 years since he became chairman of President Gerald Ford's Council of Economic Advisers, Greenspan understands political possibilities. Having served from 1981 to 1983 as chairman of the National Commission on Social Security Reform, he knows the issue. The man and the moment have met.
(Excerpt) Read more at jewishworldreview.com ...
It's long past time for Greenspan to retire.
Many think, and it makes sense to me, that Greenspan's obsession with inflation, when there was none, caused him to take the irresponsible action of raising interest rates by two full points in 14 months, which pushed the US into a recession.
I think Greenspan is part of the problem. Did you ever read his essay on why only gold is real money?
Green-Scum in just obeying his orders from the BANKERS of COUNCIL ON FOREIGN RELATIONS.
Whether gold or seashells or electronic bit-byte transactions. It has to be universal and be able to extend credit. Greenspan pushed the (international) gold standard. The central banks went fiat.
Yes, I understand.
I don't understand. Why must credit be involved?
Greenspan needs to go and go now. He really is part of the problem.
Of course my choice for his replacement of for John Snow is Dr. Larry Kudlow who is by far the most qualified person for either post. Personally I want him for Fed Chief.
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