Greenspan is mostly right

[Tux]

http://news.yahoo.com/news?tmpl=story&ncid=749&e=1&u=/ap/20050311/ap_on_bi_ge/greenspan

If we can't control our spending, save more than we are now, and decrease the trade deficit, we're screwed.

[medeak]

1. my commercial banker said today

he'll be gone in a year.

[nothingshocksmeanymore]

2. Perhaps he should have thought of that before blessing tax cuts

for the uber rich

[punpirate]

3. Greenspin has never really been...

... right about anything. He's, for a long time, been one of the "destroy government by starvation and give the bennies to the market" types.

The problems we have now are directly related to tax cuts for the wealthy and for an unnecessary war (of which Greenspin has said not one whit, for fear of upsetting the delicate military-industrial complex).

Greenspin has basically run a far-right monetarist's agenda under the guise of a wise and sage advisor. He's done most everything wrong, and mostly to favor the markets by artificially low interest rates. He's a shill for Wall Street and their friends in the administration.

Greenspin is a creation of the business press, not a wizard, not a seer. He's the ultimate inside fixer.

[medeak]

4. Remember Clinton's advice when Bush took office?

"Just do what Greenspan says"