Greenspan: Patron Saint of America's Affluentocracy »
Posted By populist 1 year, 4 months ago in News
Already six to nine months into the recession, government leaders are still telling us that it is just a period of slow growth, a pit stop in this economic race that we'll eventually win, so worry not, my friend. That explains to us what "garbage numbers" government is using to rose-color the state of the economy in terms of growth, unemployment and inflation. We are probably the most lied-to people by their government on the planet, at least among presumably developed and educated nations.
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populist
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Luis-CiferComment removed: Abusive1 Reply
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populist1 year, 4 months ago
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Here's what Ron Paul had to say about this insane inflation policy in a recent article:
"Every dollar created and spent by government makes the dollars in your pocket worth less and less. Eventually any currency controlled by government will be debased to worthlessness, and will wipe out the savings of the citizens who put faith in that currency."
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quackpot1 year, 4 months ago
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And to think that there are a few who actually like the Bush economy. To think that there are a few who support the Bush-McCain policy of:
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--Passing on massive debt to the next generation
--GREATLY reducing the value of the dollar via massive printing of new money
--Gifts to the Ultra-rich
--SPEND SPEND SPEND-
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populist1 year, 4 months ago
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unbelievable, isn't it? It's like Keynes was resurrected, telling us how saving is bad, bad, bad.....and still, people claim that Bush is for "free markets"
The only thing that Bush likes "freedom" in is the freedom to spend this country into oblivion - and never having to take responsibility for it..
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jordan111 year, 4 months ago
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They think the economy is fine, & go along with this massive deficit & the 'rich' having less tax consequence than they have because they don't understand any of this. They live in sound bite land, & go along with the ridiculous assertions that all is just fine because they really can't assimilate what is happening. In short, they hear what they WANT to hear & believe whatever makes them comfortable. The truth is too hard to take.
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Justice4All1 year, 4 months ago
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Bush has destroyed the US economy no doubt. But not everyone has been hurt. I have invested heavily in energy stocks and made a bundle. I moved overseas a few years ago and sold my house so todays falling home prices are good for me because I will be returning to the US in a couple years and will need to buy a house. Also I get paid in foreign currency.
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In spite of profiting from the mistakes of those who supported Bush I still think Bush should be impeached and put on trial for war crimes.
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babykiss1Comment removed: Spam
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mmrhe1 year, 4 months ago
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Let the finger pointing begin!...Wasn't it Greenspan who warned us about the dot com bubble and our current situation?
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He may have been PART of the problem but I don't think we can paint hium as the Darth Vader of our current tragedy -
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cherry123Comment removed: Spammer
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acloveComment removed: Spammer
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AnteUp1 year, 4 months ago
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I posted an article the DAY PROPELLER CHANGED on David Cay Johnston's
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book, "Free Lunch". Needless to say I think I was the only person who read
it or voted - frankly, I didn't know how to Share the Story on that fateful day!
You do not have to be an economist to understand where SEVERAL administrations have been leading us. On page 49 he discusses a predicted migration, in just the next 10 to 20 years, of 40 MILLION American jobs overseas. The estimate was made by Alan Blinder - Vice Chairman of the Federal Reserve under - ta-dum! - Alan Greenspan! He proclaims himself a "free trader down to my toes". Blinder also acknowledges, "If you look backward you see low-skill, drudgery work like call centers. If you look forward you see a lot of professional work like accountancy" going overseas.
Will Happy Days EVER be Here Again?
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