[churchillbuff]

bump

[OldFriend]

Larry Kudlow is absolutely correct in laying the blame at Greenspan's feet. He has been pointing out the follow of G's policies for well over a year.....

The question is whether it was done due to senility or design. Either way, it's time for GREENSPAN TO GO.

[MFSanders]

You are correct about Greenie. However, the recession was delayed a couple of years. Should have and nearly did happen w@k����.ed. One reason it did not was because the Treasury started pumping extra currency into the economy. If you watched The O'Reilly Factor the other night, he had a Prof. on who has written a book recently about this entire thing. They were talking about the fact that Greenspan is ordering the shredding of a huge amount of documents. The Prof. contends that Greenspan said in one of the soon to be shredded documents that he was DELIBERATELY doing the rate reduction to burst the stock market bubble!!!! I tend to believe this. What Greenspan now fails to realize is that cutting the interest rates will only make things worse. Japan, for example, has had zero percent rates for years - and they are in a deep recession. Greenspan needs to GO!!!!!!

[SmartBlonde]

Unusual to find someone who understands economic issues AND explain them with clarity. Kudlow has been warning about Greenspan in spite of the worship-at-his-feet attitude of so many; maybe people are finally beginning to listen.

[mr.pink]

Greenspan deserves a public egging. He's a first class prima donna who's up front and center whenever it's time to take bows for economic surges, stiking poses of the it's me and only me, aren't I the greatest thing since sliced bread shameless sort.

But when things get ugly, the first class nancy runs and hides and lets congress and the pres take the blame as if he's some sort of helpless bystander whose slimey fingerprints have evaporated from the economic crime scene.

On a side note.... years ago I ran into Greenspan at a semi-grubby neighborhood market (not the place you'd expect him to be....but it was close to the FED in downtown NYC)... he was buying a quart of skim milk. S.S. boys in long coats were at the ready, and with myself sporting a three day beard to go along with very red eyes from a night of hard drinking, his posse kept their eagle eyes on me and my dozen eggs.

[lasereye]

Excuse me, I meant to address that post to mperkel.

[Enlightiator]

Does this mean the liberals can't keep on blaming Ronald Regan and "Reganomics"?

[ex-snook]

Someone sent me this which explains the recession.
--------------------

Joe Smith started the day early having set his alarm   clock (MADE IN JAPAN) for 6 a.m.  

While his coffeepot (MADE IN CHINA) was   perking, he shaved with his electric razor (MADE IN HONG KONG).    

He put on a dress shirt (MADE IN SRI LANKA), designer jeans (MADE IN SINGAPORE) and tennis shoes (MADE IN KOREA).  

After cooking his breakfast in his new electric skillet (MADE IN INDIA)   he   sat down with his calculator (MADE IN MEXICO) to see how much he could   spend today.    

After setting his watch (MADE IN TAIWAN) to the radio (MADE IN INDIA)  

He got in his car (MADE IN GERMANY) and continued his search for a good paying AMERICAN JOB.  

At the end of yet another discouraging and fruitless day, Joe decided to relax for a while.  

He put on his sandals (MADE IN BRAZIL) poured himself a glass of wine   (MADE IN FRANCE) and turned on his TV (MADE IN INDONESIA),

and then   wondered why he can't find a job in this recession.
---------------

Wonder if he tried saying 'want fries with that' or applied to K-Mart to stock the imports on the shelves?

[meursault]

Kudlow? Should we believe what he says? Not so long ago he was all over TV touting dot-coms, hyping the "New Economy," and saying, "The business cycle is dead."

[Zviadist]

Why aren't the long-term rates budging? Seems like this rate drop hasn't done squat for those of us who would like to refinance and take advantage of the lower rates.

[AMERIKA]

I blame 8 years of the Clinton Administration.

In fact if Clinton would have waged his "War on Terrorism" instead of bombing asprin factories, 9/11 would'nt have happened.

[dodger]

Kudlow is so darn sensible. He would be a fine Secretary of the Treasury ....

[stupid1]

I'll tell you why I think we're in a recession.

It's because goods and services in this country are way over priced, and the majority of Americans are uneducated and highly incompetent!!!

[Irish Queen]

Here in California last summer we enjoyed the Governor Gray Davis rolling black-outs lovingly called "Gray Outs".

Our current national economic woes should be proudly proclaimed the "Bill Clinton Recession"