9/23/07 Alan Greenspan on Meet the PressSun Sep 23, 2007 15:40
9/19/07 Alan Greenspan on C-SPAN Book TV
He Tells us why we attacked IRAQ (Kinda)
It hard to hear the B.S. between the lines!!!
9/23/07 Alan Greenspan on Meet the Press
(What am I hearing in this spin, my head is spinning!
Greenspan sees slowdown versus recession
MarketWatch - 2 hours ago
... toward an economic slowdown but it's too soon to say whether a recession is on the horizon, former Federal Reserve Chairman Alan Greenspan said Sunday. ...
WHAT ALAN GREENSPAN DID NOT (RET) DID NOT TALK ABOUT!!
TIME MAGAZINE NOVEMBER 13, 2000 - Page 34
SADDAM TURNS HIS BACK ON GREENBACKS
Europe's dream of promoting the euro as a competitor
to the U.S. dollar may get a boost from SADDAM HUSSEIN.
Iraq says that from now on, it wants payments for its
oil in euros, despite the fact that the battered
European currency unit, which use to be worth quite
a bit more than $1, has dropped to about 82 cents.
Iraq says it will no longer accept dollars for oil
because it does not want to deal "in currency of the
The switch to euros would cost the U.N. a small
fortune in accounting paperwork changes. It would also
reduce the interest earnings and reparations payments
that Iraq is making for damage it caused during the Gulf War,
a shortfall the Iraqis would have to make up.
The move hurts Iraq, the U.N. and the countries receiving
reparations. So why is Saddam doing it? Diplomatic
sources say switching to the euro will favor European
suppliers over U.S. ones in competing for Iraqi contracts,
and the p.r. boost that Baghdad would probably get in
Europe would be another plus.
-By William Dowell/ New York City
Saddam Turns His Back on Greenbacks
By WILLIAM DOWELL/NEW YORK CITY
Alan Greenspan's Blunt Words
September 23, 2007
Alan Greenspan's scathing criticism of the Bush administration carries far more weight than the volleys fired earlier by former Treasury Secretary Paul O'Neill, former assistant attorney general Jack Goldsmith and former counterterrorism czar Richard Clarke.
Mr. Greenspan's Republican credentials, intellectual depth and understanding of economics are unrivaled. When he spoke as Federal Reserve Chairman for nearly 18 years, people obviously listened. The attention he commanded has changed only marginally since he retired.
What has changed is his old oracular style, which has been supplanted by straightforward, blunt talk. That's evident in his memoir, "The Age of Turbulence: Adventures in a New World," in which he accuses President Bush and congressional Republicans of having lost their way.
That must have hurt. Mr. Bush and Vice President Dick Cheney felt obliged to respond. Separately, they "respectfully" disagreed with "my friend Alan," as Mr. Cheney called him. "Our fiscal record is admirable and good," said Mr. Bush. "After all, the deficit as a percentage of GDP is low relative to the 30-year average."
But the deficit is shockingly high relative to the successive budget surpluses Mr. Bush inherited in 2001. Every year since then, the government has been in the red, capped by the record $413 billion gap in 2004.
Mr. Greenspan writes that both the president and the Republican-controlled Congress "swapped principle for power. They ended up with neither. They deserved to lose" the 2006 congressional election. He observes that Republicans "viewed budgetary restraint as inhibiting the legislation they wanted. `Deficits don't matter,' to my chagrin, became part of Republican rhetoric."
Treasury Secretary Henry Paulson unintentionally proved Mr. Greenspan's many points this week when he pleaded with Congress to raise the federal debt ceiling, which stands at $8.9 trillion. The government is expected to reach that limit next month and Mr. Paulson wants to increase that by at least $850 billion "as soon as possible" to allow the payment of debt obligations.
"Governance has become dangerously dysfunctional" because of the scorched-earth partisanship that afflicts Washington, Mr. Greenspan observes in his book. He accuses the Bush White House of being more political than its GOP predecessors under Gerald Ford, Ronald Reagan and George H.W. Bush.
"I think Bill Clinton was the best Republican president we've had for a while," Mr. Greenspan writes. This astonishing observation says volumes about what the granddaddy Republican philosopher/economist thinks of the Bush II legacy.
Copyright © 2007, The Hartford Courant
Alan Greenspan News - The New York Times
“The Age of Turbulence” is really two books, one of which I suspect Alan Greenspan preferred writing and one of which he understood his audience would ...
ALSO SEE: WHAT'S MONEY.....
- Alan Greenspan vs. Naomi Klein on the Iraq War DEMOCRACY NOW!:, Mon Sep 24 19:09
- Greenspan and the Economy of Greed Paul Craig Roberts, Mon Sep 24 01:20
- Greenspan Confronted By Activists Mary, Mon Sep 24 17:02
- Declare This An Emergency Stan Norred, Sun Sep 23 18:48
- More Gulf War Veterans have died than Vietnam Veterans: OpEdNews, Sun Sep 23 18:25
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