Turnaround Parte Deux: Greenspan Cites Economic ‘Momentum’

Discussion in 'Politics' started by sargon20, Apr 4, 2010.

  1. sargon20

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    Dovetailing on the thread The economy has turned around; 162,000 new jobs last month, many in manufacturing


    Greenspan made the Sunday morning rounds. The news is surely to make the neo-cons very very depressed. First health care reform was passed, Micheal Steele dropping cash at bondage strip joints and now this very bad news. Time to drum up some more hate for gay marriage and the sanctity of life crowds.

    Greenspan Cites Economic ‘Momentum’
    Alan Greenspan, the former chairman of the Federal Reserve and a self-described Republican libertarian, on Sunday reinforced increasingly confident assessments by the Obama administration that the nation’s latest job numbers reveal a resurgent economy.

    ~~~

    Mr. Greenspan pointed out that corporate investment in new equipment “is coming back in a fairly substantial way” and that purchasing managers are building up product inventories for the first time in months.

    ~~~

    “We’re in a very different place than we were a year ago,” he said about the jobs situation on “This Week.” “A year ago we were losing 600,000 jobs a month. Now the process of job creation has started. We expect that it will accelerate.”

     
  2. justasimpleguy

    justasimpleguy Active Member

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    What the fuck does that ignoramus know about anything? All he loves is Ayn Rand's neoliberalism/objectivism/being a huge asshole. He was so wrong no one should ever listen to his again, ever.
     
  3. B_talltpaguy

    B_talltpaguy New Member

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    ^I can't help but agree...

    Regardless, the data he is talking about is around for all to see.
     
  4. sargon20

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    He's not exactly discussing economic theory just the facts. And at least he has admitted to his flawed model while the party he once called home hasn't questioned or changed anything about their beliefs in laissez-faire government that helped get us here. Nothing. In fact they are against all reform efforts. We need less regulation, more tax cuts and more war.
     
    #4 sargon20, Apr 4, 2010
    Last edited: Apr 4, 2010
  5. lucky8

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    Greenspan is sort of correct. The economy is on the mend, but interest rates are about to go up, which will cause another recession...like it always does...
     
  6. sargon20

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  7. lucky8

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    Bernanke will raise the rates within the next 2 years. I promise you that...
     
  8. sargon20

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    EQUALS


    :confused::confused::confused::confused::confused:
     
  9. lucky8

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    When talking interest rates, "within 2 years" is relatively short-term for predicting movements...
     
  10. sargon20

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    Well the lesson is clear

    Don't Short Obama

    Think of Obama as a stock. When he came onto the national scene, he was small and undercapitalized. Some investors (i.e., donors and organizers) went long, but plenty of the heaviest hitters bet against him. During the campaign, the prospects of his success were continually downplayed by the Clintons, the national media, and the Republicans.

    Those shorting the Obama candidacy got crushed. And since January 2009, so, too, have those who have shorted the Obama presidency—especially the performance of the markets and economy under Obama. The same Republican politicians and economic pundits who (wrongly) said Bill Clinton's 1993 budget would destroy the economy and the stock markets, and who (wrongly) said President Bush's tax cuts would usher in an era of endless prosperity and wonderful market performance, warned again that the presence of a Democrat in the White House would spell doom for the Dow.

    But never to worry. I'm certain the doomsayers will always have a job even if they are always wrong.

     
    #10 sargon20, Apr 4, 2010
    Last edited: Apr 4, 2010
  11. B_talltpaguy

    B_talltpaguy New Member

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    What, you thought they were going to continue to hover near zero forever?

    And you're the one acting like you know it all and everyone else needs to listen up? lol
     
  12. Trinity

    Trinity New Member

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    Listening to Greenspan? Well listen good.

    Greenspan on Heath Care Costs: Severe Consequences if CBO is Wrong

    ABC News (Video on website)

    Greenspan knows the CBO cost estimates for Obama's Healthcare are pure nonsense and actual costs will have a devastating effect on the economy. :rolleyes:
     
  13. cdunstan1

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    The Fed funds rate is 0-.25%. They can't really go down.
     
  14. D_Davy_Downspout

    D_Davy_Downspout Account Disabled

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    That's not really going out on a limb.
     
  15. B_Nick4444

    B_Nick4444 New Member

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    don't waste your time

    libs like to pick and choose "facts" "articles" and other notions, with no regard to isomorphism with reality (with which they are unfamiliar) or coherence
     
  16. D_Davy_Downspout

    D_Davy_Downspout Account Disabled

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    Remember that time when Greenspan admitted that his entire view of reality was wrong, in front of congress?

    Apparently not. Oh no, a fact!
     
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