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Greenspan to Bush: Knock that **** off.Follow

#1 May 07 2004 at 5:21 PM Rating: Decent
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http://www.nytimes.com/2004/05/07/business/07fed.html


In a speech that ranged from Americans' household debt to the nation's huge foreign debt, Mr. Greenspan said he was optimistic that most financial imbalances could be reduced smoothly through the effect of normal market forces.

"But that is certainly not the case for our yawning fiscal deficit," he told a conference at the Federal Reserve Bank of Chicago. "Our fiscal prospects are, in my judgment, a significant obstacle to long-term stability because the budget deficit is not readily subject to correction by market forces."


Gee, I thought debt was a good thing for the economy. How naive of me.
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#2 May 07 2004 at 5:50 PM Rating: Good
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Obscure truth and make up facts seems to be Bush's game plan so far.

I still love move he tried in which he tried to have fast food workers job classified as manufacturing not service industry so he could claim that Manufacturing jobs had increased during his presidency.

There argument was that ppl working at fast food restaurants dont really cook as much as they assemble a product. Of course when they started hyping the numbers they werent gonna bring to anyones attention that all the new manufacturing blue collar jobs that were created were mcdonalds minimum wage jobs
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