Fed's Massive Stimulus Had Little Impact: Greenspan

CNBC ^ | 30 Jun 2011 | Margo D. Beller

[screaminsunshine]

But it sure was fun throwing all that dough around.

[Sacajaweau]

Greenspan has always said there would never be another depression because we have too many controls.

He's really embarrassing Geither....the little weasel...in fact they all look like little weasels.

[Oatka]

The boat was sinking, so we made another hole, and shazam, we’re still sinking.

Back in the Carter years, this analogy was going around. It seems apt here: "The Ship of State is awash in fiat currency and the crew is using the rudder for a paddle."

[PGalt]

Eliminate the FED. Jail Bernanke.

[PGalt]

No kidding... thanks for the info, you senile dumba$$.

Well-stated.

[Chode]

other than adding to our crushing debt you mean...

[Typical_Whitey]

A trillion wasted dollars is no impact? I guess this is a WTF moment.

[AnotherUnixGeek]

The Federal Reserve's massive stimulus program had little impact on the US economy besides weakening the dollar and helping US exports

Well, it also got us $2 trillion closer to the eventual default, so there's that.

[jetson]

Time for a White House pinata party!

[Freedom_Is_Not_Free]

You and a few others here called it before the fact.

[org.whodat]

Bingo, the majority of it went into the stock market. Shows how little they know, the average american does not give a damn about the stock market and could care ever less about it, it has nothing to do with them.

[cashless]

My God! The pot calling the kettle black.

This jerkoff instigated and covered up both the dot com bubble and the housing bubble along with their associated recessions and he thinks he has any right to be critical? Check yourself into the nearest mental institution since you, Sir, are an idiot.