alan greenspan on george w. bush, taxcuts, and cheney

[JcKantelope]

Someone remind me why Cheney, Bush and Greenspan aren't all in jail? And why just when Obama takes office that suddenly deficits are the biggest issue in the world

[AryanKnight]

-What'th, -why isn't this criminal Bank'ster Greenspan in prison for his committing egregious Fraud upon the people of n.America, as an agent of the subversive jewZionist Rothschild/Rockefeller-mobster­­s which have hyjacked the Treasuries of all major nations. Seems about time our worthless usMilitary stand-up like men and go after these so-called FederalReserve & IRS criminal-agents of the warmongering Rothschild/Rockefeller-regime which is so terribly devastating people everywhere...!!!

[teton99]

Tax cuts enacted under Pres Bush in 2001 & 3 are due to expire Dec 31. If Congress does nothing families at EVERY income level will see a tax increase. E.g. $30,000 – 40,000 will increase on avg $893, $40-50, 000 – up by $923, 75,000 – 100,000 up by $1,837. Source Joint Committee on Taxation.

[bdhcarbon]

surplus would get too large?????? lol

[Relugus]

A surplus might lead to government money being available for programs that benefit the working and middle classes.

Greenspan could not have that,. Deficit prevents any programs or projects that might help ordinary people.

Greenspan wanted the deficit, as it keeps the middle classes firmly under foot.

[louiethegreater]

Unbelievable to find so many characterless people concentrated in one spot.

[superdiza]

Greenspan is unbelievable. He not only deceived the media congress and caused the government surplus to evaporate into a depression, he's also cheerfully describing it.

In other places he cheerfully admits to lying, and in other places still he admits to being wrong. He even said that the Fed centrla money making scheme which he headed is bad for the economoy.

This is how you wipe out the middle class back to feudalism.

[magyarman24]

SURPLUS... What the hell is that? Is that like the minotaur?

[Lillztr]

I LOVE SEX WHO ELSE IS WITH ME? j

[TAViX80]

i'm feeling naughty at the moment m

[DinaStrange]

he knew that he lied.

[rcroton]

You're all morons if you think Greenspan wrecked your economy. Looked where it was before him and his free marketeering colleagues and say the same to me after that. You've had about 20 years of growth with a lowering of inflation and interest rates. Instead of favouring making government huger (and it is HUGE in america in terms of % of GDP) he advocated cutting taxes to add liquidity to the market which was previously being taken away anyway. Sounds utterly sensible when it's put that way, eh?

[amdura]

You are very confused.

1). No one thinks it's just a single individual that wrecked the economy.

2). The Federal Reserve Bank is a private organization and, just like EVERY CORPORATION, their goal is to make profits for owners.

3). We live in an aristocracy, where the rich use their money to select and "influence" politicians and thier "appointees", so they can make more money.

Both the rise and the fall are well planned and make some people very rich.

Welcome to the 2nd world!

[JonDavidson]

Well, Greenspan sells out; he sells out his own economic sensabilities; notice the grimace on his face at 23 seconds when he makes the vague pronouncement: "tax cuts may in fact may do noticeable good". Also, how sincere does he sound when he says "in fact"? Oh well, if you live long enough, I guess you're gonna sell out to something...

Wish that wasn't true.

[tdmaker2]

Ever notice that it's The Right that usually resorts to calling names and getting heated? I think Republicans have amnesia or something because they seem to forget that they've been in power most of the last 8 years. Hey GOP...please listen to this...You're experiment hasn't worked so get out of the way and let the Democrats return this country back to it's fiscal strength last known during the Clinton years. I know, I know...the truth hurts.

Socialist? How about Bush bailing out the S&L?

[rigoletto68]

Destroyed the economy ...sad.

[nexus2xl]

Bitch. Bitch is Socialist.

[amdura]

He's a capitalist that doesn't want to tax or "interfere" when companies are making money, but is a socialist when the companies are loosing money and want a bailout.

This is a ridiculous double standard. Amercians are loosing their jobs, homes and saves, children are starving and unable to get medical help and these aristocrats want to drain every last drop of blood from the American people.

I don't know why people don't take to the F**KING Streets.

[nexus2xl]

I'm talking about the bitch interviewing him.

I personally believe he destroyed the middle class though.

[MikeNez11]

Alan Greenspan, for better of for worse, helped spawn a period of great growth in the US, we forget that he has PRAISED Clinton, and has stated the iraq war was for oil, and 40 billion per month goes to Iraq. With that amount of capital, one could arrive at the conclusion that if 500B was not used to wage war, the dow would be trading likely at levels of 13500 to 14,000. Lastly the market has become "irrationally negative"

[garyowen4ever]

al greenbax is more intellectual than Paris Hilton.

[illinoisgrad]

God I hate 60 minutes. Bunch of tax-loving borderline-socialist class warfare-inciting Keynesian boobs.

[atrickpay11]

Yeah, this interviewer sure seems like a socialist.

[gwho]

it's the monetarists, not the keynsians that are for floating aka fiat currency,

incrasing money supply when economy grows, and decreasing money supply when economy shrinks, exacerbating the trend in both cases, to lead to stagflation or recession.

you should be wary of the monetarists much more.

[chere7up]

Whatever Greenspawn your one of AMERICA's #1 enemy and Bernake. You are all CFR.. out to bankrupt EVERY Nation. World Dominion is the goal of the International Bankers.

Well guess what? You better fear because sleeping giants have awaken and Nantion do rise against you. Relentlessly will we pursue you thru OUR courts not a UN court. You will be sorry.

[jetstoknowhere]

Geez people get an education please... For everyones sake.

[chere7up]

Why do people with no common sense ALLWAYYSS say "get an education?" ouch I'm harmed.

Why dont you educate yourself & spend 2 hours watching "Money Masters" on google.

THATS what everyone's enlightened about. And if U dont get pissed when U see it, then tell us all to get an education and we'll tell ya to F off!

[jetstoknowhere]

Everyones out to get me 101 is not an education. But I guess Believe everything I hear or see on TV 101 is...Every story has at least 2 sides...Think with your head not what your gut ''feels'' If you watch something and get pissed then you can consider the facts very well can you?

[chere7up]

No ..I understood it well, and no one is out to get me. But let me tell you IF U care! America is close to losing its sovereignty. So "f" ing high school 101 isnt the issue here my dear! If that dosent bother you pace out to the country of ur choice. Why do you blog if you dont have a point?

Thosewho stand for nothing, Will fall for anything!

[jetstoknowhere]

America has its issues that need to be addressed. I just dont subscribe to liberal propaganda. Im a young college student, conservative, and from California. Youtube is just another place along with, school, work, and California that disregards anything conservative even if its a well thought out argument. So I apologize for not using this to be constructive, I have tried that before and I am tired of my words falling on blind eyes.

[jetstoknowhere]

All I can say is I am glad that I am an economics major. I can tell all of you aren't.

[zodie86]

im with you.. people who grab on to opinions of other people who know absolutely nothing about economics make really fools of themselves. i would bet that there is no educated free ecnomist (milton friedmans doctrine) who would be against greenspan. the people who are against greenspan are undereducated in the field of economics.

-economist from europe

[falkminuteman]

monopoly money is worth more to people than the dollar

[Drugsdrugsdrugs]

No if that was the case i'd be willing to trade all my monopoly for real money. not gunna happen. does it occur to you and whoever these people are that you can buy and invest in things with money?

[lazerus9]

Mr. Greedspawn

No one is buying this nonsense anymore. Even Leslie Stahl gazes incredulously at hearing your lame responces. We know that you were just following orders, but that excuse didn't work at Nuremberg and it will not work here. Come clean now and confess what you know. Sunlight is the best disinfectant. The truth will set you free!!

[thejobloshow]

Why. didn't. Greenspan. say. ANYTHING. during his tenure? Now this little snake thinks he can wash his hands like Pontius Pilate after all the damage is done? He should be strung up for treason!

[midguardz]

Its only a matter of time b4 you americans realise that your whole economy is in tatters because of Cheney & Bush taking everything for themselves & leaving nothing for the next president to work with. usa superpower ha! what a laugh! by the time Bush is finished with your america you guys will be a third world country. Its a pity too as I have stocks with USA markets so I know my stocks are being wiped out thanks to Bush also.

[eXi1e]

Go wrestle a crocodile or something, scrub...

[JoeTube27]

I would not go as far as saying a third world country. That is an extreme statement. Check you numbers.

[abruzz0]

I'm an American who realizes this. The media here has dumbed the population down to dirt as our dollar continues to go down the toilet.

[cherrielane]

It isn't Bush, it started back in the 70's and EVERY president since then has been involved in letting the U.S. tank!

Google: Walter Burien, it will blow you away!

The U.S. government keeps two separate "books"

They are filthy rich!

[dirtyshortsPU]

I'm in the export business... I love the weaker dollar... Get it!

[19Hawk14]

There's too much incentive for a republican in power...

[19Hawk14]

Bush is the Spin Master LoL