Greenspan “Betrayed” Ayn Rand and Ruined the Economy

09 May 2011 11:25 #1 by BearMtnHIB
Exactly right.

Like a breath of fresh air when you hear someone nail it on the head.

http://finance.yahoo.com/blogs/daily-ticker/alan-greenspan-betrayed-ayn-rand-ruined-economy-says-124734929.html

Many parts of the world are completely our of this recession, so why are we still mired in it?

This recession would be OVER right now- had we followed the rules of the free market!

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09 May 2011 11:30 #2 by AspenValley

BearMtnHIB wrote: Exactly right.

Like a breath of fresh air when you hear someone nail it on the head.

http://finance.yahoo.com/blogs/daily-ticker/alan-greenspan-betrayed-ayn-rand-ruined-economy-says-124734929.html

Many parts of the world are completely our of this recession, so why are we still mired in it?

This recession would be OVER right now- had we followed the rules of the free market!


What "many parts of the world" are you referring to? China?

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09 May 2011 12:20 #3 by BearMtnHIB

What "many parts of the world" are you referring to? China?


China will have 10+ GDP growth this year
India will have 8+ GDP growth this year
Pacific Rim will have 8% GDP growth theis year
South America will have 6 to 8% GDP growth this year
Even Germany will have about 8% growth this year
Korea will have 8+% growth

The recession has been over for these places for more than a year now.

Our policies are keeping the USA mired in gook for years to come
USA = 1.2% GDP growth- not even enough to keep from losing more jobs.

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09 May 2011 12:35 #4 by FredHayek
When you looks at studies on the best nations to do business in, the US continues to fall behind many of Europe's more socialist economies. When even the Chicoms and the Germans get what makes a succesful economy, why can't Obama?

Thomas Sowell: There are no solutions, just trade-offs.

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09 May 2011 12:39 #5 by LadyJazzer
Given the garbage that he inherited on Day-1, I'd say he's done as well as anyone could do... (I shudder to think what it would be now if Geezer & Gidget had won the election...)

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09 May 2011 12:45 #6 by BearMtnHIB
Hey- Gidget would have done just fine.

And she would have looked good doing it too!

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09 May 2011 12:47 #7 by Kate

BearMtnHIB wrote: Hey- Gidget would have done just fine.

And she would have looked good doing it too!


I'm pretty sure Palin, if she were Vice President, would have resigned by now, but she'd look good doing it.

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09 May 2011 13:03 #8 by outlawdenn
The US has the highest corporate tax rate and the most regulation in the world . European nations are gravitating toward free market principals and their economies are improving because of that.

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09 May 2011 13:24 #9 by Nmysys
If failure was enough to get someone to resign, whether it be woman or man, Obama would have been gone a long time ago.

But of course, the Left is still hung up on Palin and in this case McCain. If only they were as objective (laugh) with their own?

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09 May 2011 13:34 #10 by Kate

Nmysys wrote: If failure was enough to get someone to resign, whether it be woman or man, Obama would have been gone a long time ago.

But of course, the Left is still hung up on Palin and in this case McCain. If only they were as objective (laugh) with their own?


I believe that the question was asked if McCain & Palin would have done any better than Obama & Biden. I doubt they would have done any better.

Then people (myself included) started making remarks about Palin's looks and her ability to quit mid-term. That's all.

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