Thursday, April 21, 2011

Alan Greenspan Wrong On Every Issue‏

http://money.cnn.com/2001/01/25/economy/greenspan/

In 2001 Alan Greenspan said Bushes tax cuts for the rich are a good thing. In 2001 the economy was complete sh*t. The Internet bubble deflated. Enron, Worldcom (and many other behemoths) imploded. The economy was spiraling downwards.

Tax cuts were suppose to make everything all better.

2001 to 2011 nothing has gotten better and most things have gotten a lot worse. The tax cuts (all three sets of them) have been an complete failure.

It has been 11 consecutive years of economic disaster. The Tax cuts didn't fix anything. The Bailouts didn't fix anything. The Stimulus plans didn't fix anything. The jobs are still overseas and nobody acknowledges the real problem.

http://www.bloomberg.com/news/2011-04-17/greenspan-says-bush-era-tax-cuts-should-be-allowed-to-expire.html

So in 2011 Alan Greenspan now promotes the end of The Bush Tax cuts. Today he says they need to end. He now knows what I knew back in 2001. How come I can see this sh*t clearly but the Fed Chairman of the United States has no f*cken idea what he is talking about. How is that possible?

Remember in 2003 when Alan Greenspan said there was no housing bubble.
http://articles.baltimoresun.com/2003-04-13/business/0304110157_1_chairman-alan-greenspan-housing-bubble-economy

I knew there was a housing bubble. I said there was a housing bubble. Guess who was right? Yet people worshiped Greenspans every word (back in the day) and everything he said was dead wrong.

Issue after issue ..... wrong, wrong, and wrong again.

Here Greenspan is in 2004 supporting the offshoring of US Jobs. Not doing it may be "destabilizing"
http://www.cwalocal4250.org/outsourcing/binarydata/sell-out.pdf

What a jackazz!

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