2007-09-17 10:37:30 · 9 answers · asked by Anonymous in Politics & Government ➔ Politics
Book cooker!~!
2007-09-17 11:00:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Greenspan is a fiscal genius used as a pawn by both major political parties for years. He knows of what he speaks.
2007-09-17 17:46:59 · answer #2 · answered by Anonymous · 2⤊ 0⤋
Greenspan was a good free-market economist. He made judgement calls based on traditional risk factors. He did not forsee the market crash, but economists are generally not any good at predicting the future, they can only tell you if we are in a recession right now or not based on the last 6 months. 20/20 hindsight is easy. But one could potentially accuse him of being too soft on the marketeers, who balked when he was continuing to attempt to increase the Federal Reserve rate. Instead, he did not increase it, and the resulting "irrational exuberance" that followed, resulted in the market crash that led (including myself) many of us to lose our jobs and (in my case) seek alternative careers. Many were able to secure longer term positions, and I was fortunate enough to be able to return to graduate school, but not everyone perhaps was so lucky. For anyone in such a position of public scrutiny, being single-minded and taking a tough stance on their policy is mission-critical. I think he could have been alot more of a tough cookie on this, but, again, that is easy for us to say after the fact. Who knows how much pressure institutional investors and big banks were putting on him to lower the rates (or at least not continue to increase them). The real estate bubble burst that we see now is still an after effect of the 2001 crash ... one will hope that Ben Bernacke is at least as tough if not tougher than Greenspan was.
2007-09-17 17:52:58 · answer #3 · answered by gradstudentvt 2 · 1⤊ 0⤋
Really, really smart guy. What he said in the book is true-Clinton did have a great economic team-I remember conservative brokers loved him. And he knows Iraq is about oil. But why he turned it all around within 24 hours of the book being out shows real cowardice. What do these guys have on him? Photos of him with a gay boy, what?
2007-09-17 17:43:58 · answer #4 · answered by Middleclassandnotquiet 6 · 1⤊ 0⤋
How much of a genius can he be when the Federal Reserve simply calls all the shots on money. Although Greespan is certainly not a genius, we the people are morons.
2007-09-17 17:47:32 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Mr. Greenspan is a banker. He is not a genius. He made some good guesses in his career.
2007-09-17 17:41:22 · answer #6 · answered by regerugged 7 · 0⤊ 2⤋
Fiscal genius. However, hindsight being what it is . . . I do think he could have been a bit more vocal on the tax cuts . . .
2007-09-17 17:40:35 · answer #7 · answered by CHARITY G 7 · 1⤊ 0⤋
greenspan is a libertarian repub. he was appointed by reagan. he was re-appointed by bush sr or bushgod i think.
repubs used to love him. now they hate him.
2007-09-17 17:41:10 · answer #8 · answered by soperson 4 · 1⤊ 0⤋
Eh, not worth wasting time on.
2007-09-17 17:42:10 · answer #9 · answered by Mark A 6 · 0⤊ 1⤋