Greenspan says Clinton BEST! - Political Forum

top gun · 09-16-2007, 10:01 AM

Greenspan a loyal REPUBLICAN in his new book goes into many aspects of the 6 presidents he has served. For instance he personally thought the most of Gerald Ford... the least of Richard Nixon.

The guy is just a straight shooter... anybody any Party.

Best with the economy... President Bill Clinton!

President George W. Bush... not good!

The fact that he was most impressed with Clinton's management of our economy and very critical of the Bush handling should not be at all surprising.

To be honest the "tax cuts" so touted by the Bush administration are really tax put offs... We'll give tax cuts that mostly reduce upper income groups taxes and run the country on credit (deficit spending). We'll be out of office when future presidents have to deal with our children's tax burden to pay for the debt we've run up.

panteth4h2o · 09-16-2007, 04:03 PM

Greenspan was already warning the US of an impending recession in the Fall of 1999, which is before Bush even became president. Whoever became president in 2000, was going to inherit the recession, which was made even worse by the events of 9/11.

To be honest, some folks are complaining about the economy; but with the exception of gas prices, I honestly don't feel the effects of anything. *shrugs*

top gun · 09-16-2007, 04:59 PM

Quote:

Originally Posted by panteth4h2o

Greenspan was already warning the US of an impending recession in the Fall of 1999, which is before Bush even became president. Whoever became president in 2000, was going to inherit the recession, which was made even worse by the events of 9/11.

To be honest, some folks are complaining about the economy; but with the exception of gas prices, I honestly don't feel the effects of anything. *shrugs*

We did have the .com bubble warning at the end of Clinton's last term but the blow out was 6 months into Bush's first term. But none of that is what Greenspan is talking about.

Greenspan is discussing presidents with good sound economic policy. Clinton ranks highest... Bush not very well at all.

As far as how the economy "feels"... you're right. It's "feels" pretty good except for gas... and now the housing market slowing.

But that's not a true reflection of the real state of the economy. The Bush administration has traded short term good "feelings" for long term growth & stability. Bush is running our entire country on CREDIT (DEFICIT SPENDING).

It's like you can't afford what you are buying but your credit is good so another credit card company sends you another card and this happens over and over. You "feel" fine because you are paying all your bills on the Credit cards and you can buy anything you want... just by swiping the plastic.

BUT THEN THE BILLS ALL COME DUE! That's when your whole world comes crashing in. You have no more credit or if you do it's at an astronomical rate... you have to start letting some bills go unpaid and start selling off assets CHEAP just to make some other payments. Eventually if it's bad enough you go into bankruptcy.

That's the personal equivalent of the Bush administrations economic policy.

superdude17* · 09-16-2007, 05:05 PM

His praise of Clinton’s economic policy fails to note that it was inherited from the Reagan-Bush years of low taxes. Clinton raised taxes and did not grow the economy near to the extent we see today.

and you my friend are more partisan than i am. way 2 go.

Scribbler1 · 09-16-2007, 06:15 PM

Quote:

Originally Posted by panteth4h2o

To be honest, some folks are complaining about the economy; but with the exception of gas prices, I honestly don't feel the effects of anything. *shrugs*

I am convinced that is by design.

That's where the national debt comes in, I believe. The cowardly politicians in Congress refuse to jeopardize any votes by making people the least bit uncomfortable so they keep raising the debt so we don't get hit with higher taxes and/or a lack of services, including their personal vote getting pet projects, which generally turn out to be pure pork.

Therefore, we don't feel the hit of their criminal spending sprees. Everything stays all good and comfortable for us.

Kazikli Bey · 09-16-2007, 08:37 PM

Quote:

Originally Posted by superdude17*

and you my friend are more partisan than i am. way 2 go.

YOu know that saying 'Nothing is impossible', this is one of the exceptions.

Wheeldog · 09-17-2007, 01:52 AM

Based on my reading of the Greenspan comments, Clinton impressed him with his depth of intellectual interest, selection of economic experts and ability to work across political lines. Apparently, Greenspan considers Bush to be intellectually limited, prone to selecting officials who are political idealogs and largely inflexible in his policies. The fact that Greenspan, a conservative Republican, accuses the Bush administration of invading Iraq for its oil is particularly damning.

CHUQ · 09-17-2007, 04:29 AM

Quote:

Originally Posted by Wheeldog

Based on my reading of the Greenspan comments, Clinton impressed him with his depth of intellectual interest, selection of economic experts and ability to work across political lines. Apparently, Greenspan considers Bush to be intellectually limited, prone to selecting officials who are political idealogs and largely inflexible in his policies. The fact that Greenspan, a conservative Republican, accuses the Bush administration of invading Iraq for its oil is particularly damning.

Please do not confuse him with facts, for he will not listen. lol

Hypnox · 09-17-2007, 09:47 AM

Clinton Greenspan were all frauds and Sellouts.They were both incompetant.
Vote Republican in 2008!.

Scribbler1 · 09-17-2007, 10:12 AM

Just what did Greenspan "sell out" about?