Reply #12: Greenspan is nothing like Chauncey Gardiner

[Tactical Progressive]

Chauncey was a lovable oaf who didn't know what he was doing.

Greenspan isn't lovable or an oaf, and he knew exactly what he was doing when he tried to strangle the Clinton economy for Bush and the Republicans in election-year 2000 using an unprecedented series of interest rate hikes, resulting in the collapse of the nascent internet boom. Just as he knew exactly what he was doing when, immediately after George W Bush was selected he turned on a dime, calling emergency Fed meeting after emergency Fed meeting to bring the rates back down in another unprecedented series of interest rate reductions.

He was an extreme-rightwing libertarian insurgent doing whatever he could, and it was considerable, to use the Fed's control over the economy to impose his right-wing politics on the nation. He used it against Gore, then with Bush in, he opened the free-money spigot, and kept it open for nearly half a decade, for his fellow right-wingers to suck down trillions in tax cuts and wars. He was as treasonous towards this nation in 2000 as the Supreme Crooks were when they manhandled the 2000 election for Bush.

Greenspan was as corrupt as anyone on the national stage in our generation, and that's the exact opposite of an innocent like Chauncey Gardiner. The mystique is nothing more than the usual: right-wingers and their mainstream media shills venerating a right-wing thug.