6 Ways Greenspan Caused the Current Economic Crisis »
Posted by: bizexpert 4 months agoRecently, public opinion has begun to turn on Dr. Greenspan for his perceived role in the current economic crisis. Dr. Greenspan has embarked on a media tour, defending his policies and his ideology. This article has scrutinized the facts and came to a conclusion on the current economic crisis.
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Dionys3 months, 4 weeks ago
Why does this administration always seem to find blame elsewhere.
I guess the buck doesn't stop "here."
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Blackacereturn3 months, 4 weeks ago
I think this is another it's not my fault blame them game. None of this happened when he ran the FED. Like he said on 60MIN bush didn't get it and he left a job he liked because they wanted to do things their way. It'd too bad he is a classy man and will not come out and let us in on the truth! Let us in on this tight wing spin!
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Teech3 months, 4 weeks ago
Damn that Greenspan! First he slashes taxes for the ultra-rich. Then he invades Iraq based on lies. Next he borrows and spends more than any other administration except Ronnie Reagan's. Then he keeps on borrowing and spending until we are 10 trillion in debt! Damn that Greenspan! It's about time somebody exposed him.
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HMMace3 months, 4 weeks ago
WHAT IS CAUSING THIS DEPRESSION IS BUSH SPENDING BILLONS ON HIS WAR...LETTING CHENY HAVE A BLANK CHECKBOOK...CHENY MAKING SECRET DEALS WITH THE OIL COMPANYS, IN ORDER TO HAVE 100 DOLLAR A BARREL OIL...THE BUSHS, AND THE CHENYS ARE LAUGHING ALL THE WAY TO THE BANK..WITH YOUR GAS MONEY..
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simonsez3 months, 4 weeks ago
Quit the caps or I will block your *ss and I hope everyone else will, too. If you want to be seen, quit the BS!
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Endoscopy3 months, 4 weeks ago
LOL
You obviously don't even know the definition of recession much less depression.
A recession is two quarters of negative GDP. This last quarter rose by .6%. Mot much but a recession killer.
A depression is a period of drastic decline in a national or international economy, characterized by decreasing business activity, falling prices, and unemployment.
Unemployment fell last month. Housing related business fell but others grew enough to make up for that.
Wrong.
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quackpot3 months, 4 weeks ago
Bush's economic policies of massive debt, together with the Bush-caused instability in the Middle-East that has caused oil prices to increase 4-5 fold since 2004 are the problems.
Greenspan's policies have, at most, been a band-aid that has prevented the economy from imploding before now.
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Endoscopy3 months, 4 weeks ago
I agree just as I didn't like the Democrats laughing at Republicans when they were saying the same things about the Democrats.
If you want to see some real deficit spending elect Obama. He wants to out spend Clinton.
Of course since you are rich by their standards you will have to pay for part of it.
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Charlson3 months, 4 weeks ago
Greenspan was quick to take credit when the economy was going great but when his policies came into question because of the down turn he now has to spin in order defend himself. Why is it our leaders no longer take responsibility for their failures?
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jmopinion3 months, 4 weeks ago
Notice how oil is spiking just as the rebate checks come out. Looks like most of the rebate will go to oil companies and Arabs.
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simonsez3 months, 4 weeks ago
Something called 9/11 happened. The world as we know it changed.
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joeblowe3 months, 4 weeks ago
I don't know for sure about any big, shadowy Conspiracy Theory, but it certainly DOES look like Herr Greenspan made errors. EXPENSIVE errors. I think the regulate/don't-regulate pendulum has swung WWWaaaayyyy too far towards don't-regulate when it comes to banks and other financial institutions. The current bubble-burst is evidence of that. First, Congress abdicates its Constitutional responsibility to coin and regulate the currency. Then, the banks relax their standards for supplying credit - while at the same time running a bill through Congress to greatly TIGHTEN the bankruptcy laws, hoping to protect themselves from their own bad decisions. Didn't entirely work. They are now the victims of their own greed and stupidity. Well, except that WE will probably bail them out. Again. I can't say, "God damn America" - but I will say, "God damn those as$holes in Washington that DID THIS TO US. Again."
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joeblowe3 months, 4 weeks ago
If everyone would just vote for Ron Paul, MAYBE we could get some progress back towards a Constitutional, REAL, currency. Unfortunately, one of the problems I have with Dr. Paul is his (mostly) hands-off policy when it comes to regulation. At least if control of the currency is returned to Congress, perhaps Congress would then see fit to keep a bit of an eye on the banks. After all, it wouldn't be crappy pieces of paper they were gambling with then...
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Endoscopy3 months, 4 weeks ago
LOL
Until an article like this everybody was singing his praises. How do we know this person is correct? Which of the posters out there are high powered economists that can separate the wheat from the chaff. I have listened to three economists discussing things and none of them agreed with any one. That was the point of the discussion. It is a very tricky business.
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reasonable13 months, 4 weeks ago
The Fed., a private agency, is able to apply bandaids to the economy. That is all!!! When they try to over-regulate, a backlash occurs, such as now. It's naive and simplistic to blame one administration, one party for economic woes. Cycles will occur and the Fed can actually make matters worse. (Like now when they are artificially regulating the free economy.) I detest the current fiscal policies, but congress is ultimately in control. I would love to see a massive cut in gov't. spending and agencies! Unfortunately, neither major party is fiscally conservative.
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