Follow the little blue line. See the negative part, Alan? If you pay people to take money off your hands, what do they do? Went and bought a house they shouldn't have afforded.
Remind you of anyone?
Posted on 09/17/2007 7:54:07 AM PDT by SirLinksalot
Once upon a time, Republicans stood for small government, and left the private business of people's bedrooms to the people. Mentioning religion was considered bad manners in politics.
Those Barry Goldwater days are what former Federal Reserve Chairman Alan Greenspan misses, and says in his memoir that the party to which he has belonged all his life deserved to lose power last year for forsaking its core, small-government principles.
In "The Age of Turbulence: Adventures in a New World," published by Penguin Press, Greenspan has some withering comments for congressional Republicans and President George W. Bush for fiscal irresponsiblilty.
Greenspan has always claimed to be a "lifelong libertarian Republican," but "out-of-control" at the hands of Republicans controlled Congress and President Bush's failure to reign it in "was a major mistake."
In his book, he writes of the Republicans in Congress, who "swapped principle for power. They ended up with neither. They deserved to lose."
The housing boom according to Greenspan is mostly due to the death of communism, which the Wall Street Journal claims he says "unleashed hundreds of millions of workers on global markets, putting downward pressure on wages and prices, and thus on long-term interest rates."
Greenspan is heavily promoting the book, appearing last night on CBS' 60 Minutes, and NBC's "Today" and CNBC, interviews with foreign and U.S. media, book signings and speaking engagements.
The book's official release comes a day before the most-watched Fed meeting of the year.
On Tuesday, Ben Bernanke, must decide whether to cut interest rates to cushion the economy from the reversal of the housing boom.
The WSJ reports that Greenspan claims "President Bush chose Dick Cheney as vice president and Paul O'Neill as treasury secretary -- both colleagues from the Gerald Ford administration, during which Mr. Greenspan was chairman of the Council of Economic Advisers -- he 'indulged in a bit of fantasy' that this would be the government that would have resulted if Mr. Ford hadn't lost to Jimmy Carter in 1976."
The Bush White House, the "political operation was far more dominant" than in Ford's. "Little value was placed on rigorous economic policy debate or the weighing of long-term consequences," Greenspan writes in his memoir.
Last night on "60 Minutes," Greenspan discusses the Presidents he knew in detail. Greenspan liked Ford, who he writes, "was as close to normal as you get in a president, but he was never elected."
Profane Richard Nixon was described as "an extremely smart man who is sadly paranoid, misanthropic and cynical." Greenspan noted he was anti-Semitic, anti-Italian, anti-Greek, anti-Slovak. I don't know anybody he was pro."
Saying Ronald Reagan had a different, odd kind of intelligence, Greenspan mentioned his ability to instantly tap one-liners and anecdotes and make the country feel good about itself.
He described Democrat Bill Clinton as "a fellow information hound" with "a consistent, disciplined focus on long-term economic growth" and Hillary Clinton as a very smart and capable woman who could ver easily handle the job of President.
If he pines for small government, how the heck can he say that sHrillary, who wants the government to take over healthcare (1/7 of the economy), would be a capable president ?
Which is he touting, small government or big government ? He seems to be speaking off both sides of his mouth...
Greenspan has backed away from some of his comments in the book.
But SOME people (Ahem) thought negative real interest rates were the way to go. For a long time. I call these people Currency Whores.
Ring any bells?
< Start Greenspan Recession>
They still think we are stupid, and will continue to believe it.
Senile ...
Has the stink of a false flag, don’t it?
Follow the little blue line. See the negative part, Alan? If you pay people to take money off your hands, what do they do? Went and bought a house they shouldn't have afforded.
Remind you of anyone?
I guess he misses the Republican Party that was the minority for 50 years while the Dems grew the size of government (see the 1960s and 1970s).
Those Republicans who do not like the social conservatives must understand that it is the social conservative that are letting them sit at the table.
The problem is that when they get to the table, instead of acting like fiscal conservatives, they pig out. All conservatives are repulsed by that.
THe problem with these “leave my bedroom alone” types that pine for the goldwater years..is that they FAIL to acknowledge that the Democrats-and Liberals were the one’s who started the culture war through the Activist courts- They’re the one’s whom forced social issues upon politics- NOT Christians. They outlawed prayers in school, they had abortion leagalized, they made radical sexual politics (and femism) a mainstay of the American cultural tradition, they’re the one’s whom attacked American families throught the welfare state- Sorry GREEDSPAN: The Genie is out of the bottle in reality; and now we MUST fight him!!..
Me thinkssssssssss Andrea is brainwashing Greenspan.
Won’t be long before there is more back peddling as there was on the Iraq & oil .........
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Clarifying a controversial comment in his new memoir, former Federal Reserve Chairman Alan Greenspan said he told the White House before the Iraq war that removing Saddam Hussein was “essential” to secure world oil supplies, according to an interview published on Monday.
Greenspan, who wrote in his memoir that “the Iraq War is largely about oil,” said in a Washington Post interview that while securing global oil supplies was “not the administration’s motive,” he had presented the White House before the 2003 invasion with the case for why removing the then-Iraqi leader was important for the global economy.
“I was not saying that that’s the administration’s motive,” Greenspan said in the interview conducted on Saturday. “I’m just saying that if somebody asked me, ‘Are we fortunate in taking out Saddam?’ I would say it was essential.”
More from the “I’d rather be a Democrat if they’d just cut my taxes” crowd?
FReepers you are my Peepers.
BINGO!
RE: Leave my Bedroom Alone
Even this is an exagerration. Who the heck in the Republican party wants government to spy on what you’re doing in the bedroom ?
If any, it is the liberals who want to bring the bedroom out in the open. Who for instance is for FORCING gays to be Boy Scout Councelors, for the gay lifestyle to be taught to kids as acceptable, for FORCING businessmen to pay for gay partner benefits, for FORCING gay marriage on the general populace, for sexualizing TV programs on primetime (and when parents complain, simply wave it off and say, “just change the channel”, etc. etc. etc. ?
It isn’t conservatives who want to go into people’s bedrooms, it is liberals who want to open the bedrooms for people to watch.
Greenspan ought to stick to what he is an expert at shut the hell up regarding the culture wars.
Small. -- He's "touting":
Those Barry Goldwater days are what former Federal Reserve Chairman Alan Greenspan misses, and says in his memoir that the party to which he has belonged all his life deserved to lose power last year for forsaking its core, small-government principles.
Once upon a time, Republicans stood for small government, and left the private business of people's bedrooms to the people.
Mentioning religion was considered bad manners in politics.
And Greenspan will pay indeed for his mention of bad manners.
I’d like a link supporting this if you have one.
That's his first problem right there. He wants the freedom, but not the self-discipline and responsibility that comes with it.
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