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Reply #6: I just don't understand the choices. I can see why he might want some of them on the team. But ALL [View All]

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chimpymustgo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 11:45 AM
Response to Reply #4
6. I just don't understand the choices. I can see why he might want some of them on the team. But ALL
of them? "he'll have to babysit them all day" is so true. Unless they've all seen they light and the error of their ways - and their "flawed economic philosophy."

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The truth is most of the individual mistakes boil down to just one: a belief that markets are self-adjusting and that the role of government should be minimal. Looking back at that belief during hearings this fall on Capitol Hill, Alan Greenspan said out loud, I have found a flaw. Congressman Henry Waxman pushed him, responding, In other words, you found that your view of the world, your ideology, was not right; it was not working. Absolutely, precisely, Greenspan said. The embrace by Americaand much of the rest of the worldof this flawed economic philosophy made it inevitable that we would eventually arrive at the place we are today.

-snip-
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