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Old 03-04-2011, 11:38 AM
 
Location: Chicagoland
41,314 posts, read 38,470,229 times
Reputation: 7104

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Now, we all know what he mean. The failed stimulus, $1+ Trillion taken out of the economy to be distributed by obama to his favorite leftist causes.

All the regulation this administration and democrat congress have implemented, more red tape, more bureaucracy = less jobs, business less willing to participate.

Greenspan Says Government

Quote:
Former Federal Reserve Chairman Alan Greenspan said a surge in U.S. government “activism,” including fiscal stimulus, housing subsidies and new regulations, is holding back the economic recovery.
Yeah, the ridiculous and doomed-to-fail obama home mortgage assistance program.

See, most government interference and diddling/meddling is for political reasons.

We have a long history of examples that tell us it never works.
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Old 03-04-2011, 11:48 AM
 
69,372 posts, read 53,591,148 times
Reputation: 9357
Now we got Greenspan saying the same darn thing I've said all along.. Its always great to have top economists confirm your correct and to validate what should be common sense to most folks...

Waiting for the "Greenspan is stupid" postings from liberals who know more than him.. Its coming...
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Old 03-04-2011, 11:49 AM
 
10,714 posts, read 6,886,379 times
Reputation: 4063
Quote:
Originally Posted by sanrene View Post
Now, we all know what he mean. The failed stimulus, $1+ Trillion taken out of the economy to be distributed by obama to his favorite leftist causes.

All the regulation this administration and democrat congress have implemented, more red tape, more bureaucracy = less jobs, business less willing to participate.

Greenspan Says Government



Yeah, the ridiculous and doomed-to-fail obama home mortgage assistance program.

See, most government interference and diddling/meddling is for political reasons.

We have a long history of examples that tell us it never works.
Why is the economy expanding and why did we just see the best jobs report in 3 years?
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Old 03-04-2011, 11:49 AM
 
Location: Dallas, TX
31,777 posts, read 24,001,037 times
Reputation: 12105
Greenspan must be thinking about running for President.

Quote:
“You had the authority to prevent irresponsible lending practices that led to the subprime mortgage crisis. You were advised to do so by many others,” said Representative Henry A. Waxman of California, chairman of the committee. “Do you feel that your ideology pushed you to make decisions that you wish you had not made?”

Mr. Greenspan conceded: “Yes, I’ve found a flaw. I don’t know how significant or permanent it is. But I’ve been very distressed by that fact.”
Either Greenspan is suffering with amnesia or he knows very well that a significant part of American populace does, and that history is inaccessible.
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Old 03-04-2011, 11:51 AM
 
69,372 posts, read 53,591,148 times
Reputation: 9357
Quote:
Originally Posted by Winter_Sucks View Post
Why is the economy expanding and why did we just see the best jobs report in 3 years?
That doesnt mean it wouldnt be better without governmental interferrance..

Coincidence the economy starts to expand when the stimulus bill stops being spent? Coincidence the jobs increase when tax cuts take effect and the government stops trying to pump up employment?
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Old 03-04-2011, 11:51 AM
 
Location: Chicagoland
41,314 posts, read 38,470,229 times
Reputation: 7104
Quote:
Originally Posted by Winter_Sucks View Post
Why is the economy expanding and why did we just see the best jobs report in 3 years?
Um...you are aware that the stimulus impact is long gone, aren't you? You are aware that technically the recession ended in June of 2009?

That is an unusual number of months to wait for the economy to create 200,000, which is no where NEAR where we need to be.

As Greenspan said, all the previous interference has weighed the economy down, all the uncertainly regarding obama's radical agenda weighed the economy down.
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Old 03-04-2011, 12:03 PM
 
10,714 posts, read 6,886,379 times
Reputation: 4063
The improving economy is sending our conservative friends into a hissy fit. Look at all of the posts trying to discredit the improvement of the economy.
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Old 03-04-2011, 12:04 PM
 
Location: Dallas, TX
31,777 posts, read 24,001,037 times
Reputation: 12105
Quote:
Originally Posted by sanrene View Post
Um...you are aware that the stimulus impact is long gone, aren't you? You are aware that technically the recession ended in June of 2009?

That is an unusual number of months to wait for the economy to create 200,000, which is no where NEAR where we need to be.

As Greenspan said, all the previous interference has weighed the economy down, all the uncertainly regarding obama's radical agenda weighed the economy down.
2001 recession was far more docile than the one that started in 2007. And it ended in Nov 2001. And it took sometime in 2005 to see jobs added anywhere close to 200K.

So, if "radical ideas" were responsible for reaching near that mark in about 20 months, what kind of ideas took the same to be accomplished in nearly 40 month under Bush?

Quote:
Originally Posted by Winter_Sucks View Post
The improving economy is sending our conservative friends into a hissy fit. Look at all of the posts trying to discredit the improvement of the economy.
Naah, they're just hoping for a disaster so they can score political points and gains. They're doing what Osama Bin Laden is rolling in his grave for.
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Old 03-04-2011, 12:20 PM
 
14,253 posts, read 14,736,031 times
Reputation: 13611
Quote:
Originally Posted by sanrene View Post
Now, we all know what he mean. The failed stimulus, $1+ Trillion taken out of the economy to be distributed by obama to his favorite leftist causes.

All the regulation this administration and democrat congress have implemented, more red tape, more bureaucracy = less jobs, business less willing to participate.

Greenspan Says Government

Yeah, the ridiculous and doomed-to-fail obama home mortgage assistance program.

See, most government interference and diddling/meddling is for political reasons.

We have a long history of examples that tell us it never works.

Help me out here .... why should we listen to the person who was the prime architect of the financial collapse of 2008?

Based on his record, we would be better listening to what he has to say but doing the opposite
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Old 03-04-2011, 12:32 PM
 
69,372 posts, read 53,591,148 times
Reputation: 9357
Quote:
Originally Posted by Winter_Sucks View Post
The improving economy is sending our conservative friends into a hissy fit. Look at all of the posts trying to discredit the improvement of the economy.
BZZZZ wrong as always.. The improving economy has us celebrating because it took a GOP Congress to fix what your party messed up.. Jees, they've been in office for a few months and whalaa.. the economy improving, jobs improving.. Even Greenspan, who is far from a "conservative" is agreeing that GOVERNMENT IS THE PROBLEM..

What we've been saying all along.

You need your failed stimulus to run out.. check
You need the gimmicks like cash for clunkers to end.. check
You need tax cuts passed.. check
you get the point..

What you liberals dont realize is that for government to spend, they have to take money out of the economy to do so.. Take that $1,000,000,000,000 spending stimulus bill.. Yep, removed $1,000,000,000,000 out of the economy.. How do you expect things to improve with less money floating around? Ooh and how was it spent? $300,000,000,000 of on FOOD STAMPS Yeah, that surely helped.. Ooh wait.. no that just increased inflation.. nothing improved there..
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