F**k Greenspan

[edhopper]

From the Economist's Views Blog;

http://economistsview.typepad.com/economistsview/2005/09/greenspan_says_.html

Greenspan Says US Budget Deficit is Out of Control
Alan Greenspan told France’s Finance Minister that the United States has lost control of the deficit. The Finance Minister also says that after talking to Greenspan and hearing his concerns over inflation he believes, though Greenspan did not say so explicitly, that there will be further increases in the target federal funds rate:

Greenspan to French Financial Minister:US lost deficit control, Reuters: U.S. Federal Reserve Chairman Alan Greenspan told France's Finance Minister Thierry Breton the United States has "lost control" of its budget deficit... "'We have lost control,' that was his expression," Breton told reporters after a bilateral meeting with Greenspan. "The United States has lost control of their budget at a time when racking up deficits has been authorized without any control (from Congress)," Breton said. "We were both disappointed that the management of debt is not a political priority today," he added. Ministers from the Group of Seven rich nations on Friday called for vigorous action around the world to curb rising imbalances in international trade and investment accounts. A decrease in the U.S. budget deficit were cited by the G7 as one way to ease those imbalances. ... Breton spoke as International Monetary Fund Managing Director Rodrigo Rato said U.S. plans to cut its government expenditures now looked ambitious in the light of huge reconstruction costs to be borne in the wake of Hurricane Katrina. Breton said: "The situation that is creating tension today on the currency market ... is clearly the American deficit." ... Breton added that after hearing Greenspan talk about inflation: "One has the feeling -- though he didn't say so -- that interest rates will probably continue to rise slightly until his departure."...

There was no indication that Greenspan drew any connection between his support of tax cuts in 2001 and the current deficit situation.

Greenspan is a fucking hack!

[gademocrat7]

1. Greenspan needs to go and take his wife with him.

But not before he makes restitution for his utter failures.

[rateyes]

3. No, he needs to go now...

and, then we need to hound his steps until he makes restitution. We don't need this RW political hack in charge of the Treasury for another second.

[swag]

2. Funny.

Econo-blogs think alike:

http://www.theunknownideal.com/2005/09/greenspan_fretting_over_fiscal.html

[indepat]

4. Indeed, Greenspan is a f**king hack who knew full well the consequences of

what he was supporting.

[Kablooie]

5. Great idea! "F**k Greenspan"

Any women want to take him up on that?

{Ooh. Horrid images come to mind.}

[0007]

6. Linda Tripp comes to mind.

[bunkerbuster1]

7. How about Ayn Rand's corpse?

Seein's how Greenspan's such a big Libber.

[Mend]

8. Candy Crowley?

[stevebreeze]

9. oh if this were the only Greenspan sin we would be in good shape

unfortunately there was both NIRU (non-inflationary rate of unemployment) and the stock market bubble. It is worth remembering that Greenspan was an Ayn Randite. Their philosophy is basically that you can only help others if you are helping yourself. Greenspan is a self interested banker, and don't mind fucking the work person one bit.