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Thread: Greenspan: Government “activism” killing economic recovery

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    Greenspan: Government “activism” killing economic recovery

    By golly, Greenspan got it right.


    Tomorrow, former Fed chair Alan Greenspan will go to the Council on Foreign Relations and argue that the main obstacle to economic recovery is the expansion of bureaucratic uncertainy caused by the “activism” of the Obama administration. Clifford Marks explains his thinking at National Journal, although he clearly isn’t impressed with the argument:
    Greenspan: Government “activism” killing economic recovery « Hot Air

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    Re: Greenspan: Government “activism” killing economic recovery

    Quote Originally Posted by Marshabar View Post
    lol that's like the pot calling the kettle black.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: Greenspan: Government “activism” killing economic recovery

    The point is it's true. And that TRUTH needs to be addressed. Liberal idiocy and lies are killing the economy and the nation.

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    Re: Greenspan: Government “activism” killing economic recovery

    Quote Originally Posted by Marshabar View Post
    The point is it's true. And that TRUTH needs to be addressed. Liberal idiocy and lies are killing the economy and the nation.
    I might agree with you about gov't activism killing the debt. But not the economy (in terms of GDP, wealth and job creation).
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: Greenspan: Government “activism” killing economic recovery

    Translation: Health care reform is bad for an economic recovery.

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    Re: Greenspan: Government “activism” killing economic recovery

    Quote Originally Posted by Marshabar View Post
    specifically, which activism/policies as of late? Firms have a lot of liquidity tied up on their balance sheets, because they are afraid to spend it... market uncertainty. The uncertainty caused by the Obama Admin was mostly due to him doing nothing... letting Bush tax cuts expire, but that was a long time ago... and the bailout of the auto industry, so which activism is he talking about that is currently ongoing?

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    Re: Greenspan: Government “activism” killing economic recovery

    Quote Originally Posted by StillBallin75 View Post
    I might agree with you about gov't activism killing the debt. But not the economy (in terms of GDP, wealth and job creation).
    The government can't create wealth, nor jobs.

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    Re: Greenspan: Government “activism” killing economic recovery

    Quote Originally Posted by SheWolf View Post
    specifically, which activism/policies as of late? Firms have a lot of liquidity tied up on their balance sheets, because they are afraid to spend it... market uncertainty. The uncertainty caused by the Obama Admin was mostly due to him doing nothing... letting Bush tax cuts expire, but that was a long time ago... and the bailout of the auto industry, so which activism is he talking about that is currently ongoing?
    Over-regulation. No body saw Obama shutting down drilling in the GOM. Every other business in the country is sitting back wondering who he's going to **** next.

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    Re: Greenspan: Government “activism” killing economic recovery

    Quote Originally Posted by apdst View Post
    The government can't create wealth, nor jobs.
    But it can adopt policies that facilitate those things.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: Greenspan: Government “activism” killing economic recovery

    Quote Originally Posted by StillBallin75 View Post
    But it can adopt policies that facilitate those things.
    Yeppers and that's exactly what Obama's not doing. You can't kill jobs, then turn around and claim to be business friendly.

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