Fed's Massive Stimulus Had Little Impact: Greenspan

http://www.cnbc.com/id/43598606

In a blunt critique of his successor, Fed Chairman Ben Bernanke, Greenspan said that the $2 trillion in quantative easing over the past two years had done little to loosen credit and boost the economy.


Ooooops, just a minor $2 trillion dollar mistake that did nothing!! But hey, we can just raise the debt ceiling and let the next few generations try and pay for it. F'n idiots in congress and in the Whitehouse! :bash :bash

But remember, it's funny to Obama! Impeach his ass already!

[youtube:1qai7v2m][/youtube:1qai7v2m]

Only two hammer emoticons? Surely this deserves more than that! Here, you can have some of mine.

:bash :bash :bash



Is this the same Greenspan that conservatives have been bashing for years? Suddenly, his opinion is worthy?

Keynsian economics doesn't work? Could have learned that in the Great Depression where FDR presided over a decade of little growth and high unemployment.

Kate wrote: Only two hammer emoticons? Surely this deserves more than that! Here, you can have some of mine.

:bash :bash :bash



Is this the same Greenspan that conservatives have been bashing for years? Suddenly, his opinion is worthy?

Trying to look back through your posts. Have you ever had a direct responce to any threads? Or do you just like to attack the messenger as to try and deflect the topic and thus avoid discussing it? Starting to confuse you with LJ.

And can you show me where I bashed Greenspan? Did he make mistakes in my opinion? Yes but he was Einstein compared to Bernanke and his plethora of terrible decisions that have helped to almost destroy this economy.

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The Viking wrote:

Kate wrote: Only two hammer emoticons? Surely this deserves more than that! Here, you can have some of mine.

:bash :bash :bash



Is this the same Greenspan that conservatives have been bashing for years? Suddenly, his opinion is worthy?

Trying to look back through your posts. Have you ever had a direct responce to any threads? Or do you just like to attack the messenger as to try and deflect the topic and thus avoid discussing it? Starting to confuse you with LJ.

Yes, Viking, I have responded directly to people, even to some of your posts. Remember your outrage posting over the graduation prayers? That was some pretty serious discussion.

I find it humorous that you constantly find negative issues, on an almost daily basis, to bash the liberal perspective. I know you don't agree with that side of the aisle, but you deem it necessary to post your outrage nonetheless. You even add in these thing ---> :bash :bash :bash to make sure that we all know you are sufficiently outraged at what you have just posted.

The more of these ----> :bash :bash :bash that you put in a post, the more I know to pretty much ignore your rant.

Have you personally bashed Greenspan? I don't know if you have, but there are a lot of conservatives who claimed Greenspan to be full of sh*t, therefore, I find it funny that you hold up his opinion of the TARP bailout as something to be taken seriously while other conservatives have held him up as a point of ridicule.



Oh, here's some more hammer bashing emoticons for your enjoyment.

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You mean THIS Alan Greenspan?

Meet The Press
Guest: Alan Greenspan

MR. GREGORY: All right. Well, Dr. Greenspan, it’s not often that you hear Democrats and liberals quoting you. But, in this case, they did when it come to–came to tax cuts because of an interview you gave recently with Judy Woodruff on Bloomberg television. Here was the question: “Tax cuts [that] are due to expire at the end of this year. Should they be extended? What should Congress do?” You said, “I should say they should follow the law and then let them lapse.” Question: “So to those interests who say but wait a minute, if you let these taxes go my taxes go up, it’s going to depress growth?” You said, “Yes, it probably will, but I think we have no choice in doing that, because we have to recognize there are no solutions which are optimum. These are choices between bad and worse.” You’re saying let them all go, let them all lapse?

MR. GREENSPAN: Look, I’m very much in favor of tax cuts, but not with borrowed money. And the problem that we’ve gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day, that proves disastrous. And my view is I don’t think we can play subtle policy here on it.

And on what has become an article of faith in many sectors of the conservative movement:

MR. GREGORY: You don’t agree with Republican leaders who say tax cuts pay for themselves?

MR. GREENSPAN: They do not.

Repeating it over and over doesn't make it true...


Oh, and the obligatory: :bash :bash :bash :bash :bash :bash :bash :bash :bash :bash :bash :bash :bash