Comments on: Greenspan’s Amnesia

By: flipspiceland

flipspiceland — Sun, 29 Mar 2009 20:34:34 +0000

Organized religion gets rightfully blamed for many things, but those who believe that god caused Bush to invade Iraq under some spell, because they listen to god are badly misled.

As an atheist, it matters not to me which god gets gored. Bush entered Iraq for far more sectarian ‘reasons’ and they can all be captured under one catgory: follow the money and when the trail runs cold you will know why the war was begun and why Obama won’t end it. And behind all of it you will find AIPAC, and all of its grovelers and sycophants.

By: farmera1

farmera1 — Sat, 28 Mar 2009 13:07:31 +0000

Here’s my take on people like Greenspan. When one has absolute faith in markets, drugs a god, or whatever, as an individual you aren’t responsible for anything. The definition of religion fits these
kinds of strong absolute beliefs rather well.

“a cultural or behavioural aspect of ritual, liturgy and organized worship, often involving a priesthood, and societal norms of morality (ethos) and virtue (arete)”

Greenspan was a true believer in Ayn Rand ( read his book AGE OF TURBULENCE) if you really want to understand what made Greenspan tick. Alan spent a lot of time with Ayn in his younger years. So when he has absolute faith in the markets as a fix everything belief, you personally aren’t responsible for anything. (You might ask how a true believer in Ayn RAnd came to run the biggest central planning agency this side of the old Kremlin but you have to read Alan’s book to get that answer and he does answer that question).

Just like consulting with the higher father while making the decision to invade some third rate Middle Eastern country listening to voices can get you in trouble. Obviously if your higher father told you to do it, you have no responsibility, and can sleep like a baby. No worries mate.

By: aitrader

aitrader — Sat, 28 Mar 2009 10:57:18 +0000

Ain’t senility great? I betcha Greenspan won’t be the last to claim, “I don’t remember that senator.”

As this depression gets rolling folks are going to call for the heads of the responsible to be offed and put on display. And the politicians will comply or they’ll be handed their walking papers.

Better to fess up and crawl away than stand up and deny. Greenspan’s denials are putting him at the top of the list.

By: gnomic

gnomic — Fri, 27 Mar 2009 20:01:19 +0000

>>franklin411 Says:
>>Herbert Hoover went to his grave in 1964 absolutely convinced that he had been right all along had >>the world only followed his dictates more faithfully. Greenspan probably feels the same way. Needless >>to say, the world strongly disagreed with both of them.

Uh, no. The 18 page GOP “plan” calls for no more spending. Obviously, the GOP believes Hoover was right and want to prove that Government isn’t the solution. Well, certainly not if they are in charge.

By: noel

noel — Fri, 27 Mar 2009 19:37:02 +0000

Sorry, I must be missing something. Why exactly is it ‘clearer it is that Liddy made the right call paying the bonuses and Obama should have gotten out in front and explained why they were justified’?

I reach the opposite conclusion the more I hear about it.

By: How the Common Man Sees It

How the Common Man Sees It — Fri, 27 Mar 2009 19:29:10 +0000

Whoops. Next time I’ll proof read before I hit the submit button :)

By: How the Common Man Sees It

How the Common Man Sees It — Fri, 27 Mar 2009 19:27:27 +0000

Because monetary policy is considered as much arty as it is science there is a gap of plausible deniability. Greenspan has set up a squatters camp right in the center of that gap

By: willid3

willid3 — Fri, 27 Mar 2009 19:22:57 +0000

its just spin. to not have own up what he allowed to happen in his watch

By: karen

karen — Fri, 27 Mar 2009 18:13:19 +0000

hate to disagree with all the great minds here on the dollar, but it looks headed to 24.60 tout de suite, next week, i mean.

By: Mark E Hoffer

Mark E Hoffer — Fri, 27 Mar 2009 17:18:46 +0000

“These guys are lucky we didn’t strap them to a chair and run 2,450 volts of electricity through those brilliant minds of theirs.” frank411

Spoken like a True lover of the State..

No Trials, No Juries, Just Decisions–Stalin would be pleased..