CNN: Greenspan a White House regular

http://money.cnn.com/2004/05/27/news/economy/fed_whitehouse/

NEW YORK (CNN/Money) - Federal Reserve Chairman Alan Greenspan has sharply increased his visits with White House officials since the start of the Bush administration, according to published reports.

The Washington Post, citing the work of academic researcher Kenneth Thomas, which appeared earlier in the trade publication American Banker, reported Thursday that Greenspan met with White House officials an average of three times a year from 1996 to 2000.

Since Bush took office in early 2001, Greenspan has met with White House officials an average of 44 times a year. He has already met with White House officials 12 times in 2004.

The Federal Reserve is independent from the executive branch. Fed chairmen have been careful to "avoid deals or the appearance of deals," with the White House in the past, said Donald Kettl, a political science professor at the University of Wisconsin and author of a book about political influences on the Fed.

Kettl told the post that Greenspan's meetings with current administration officials mark a "huge and historic shift," for a Fed chairman.

...more...

Hopefully, Greenspan will go down with the bush* ship.

Talk about a flip flopper.

Tax cuts good, tax cuts bad.
Inflation not a problem, inflation out of control
Social Security in no real danger, got to cut Social Security Benefits


I think Greenspan died a while ago and some evil Repub ghoul has entered his body.

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/05-18-2004/0002176472&EDATE=

WINTER HAVEN, Fla., May 18 /PRNewswire/ -- Every penny of the
$1.5 trillion generated by the 1983 Social Security tax increase is gone, says
Winter Haven-based economist Dr. Allen W. Smith, who says the crime amounts to
"the greatest fraud ever perpetuated on the American people."
Smith, author of the new book, "The Looting of Social Security: How the
Government is Draining America's Retirement Account" (Carroll & Graf, 2004),
says taxpayers are ignorant of the crime which began during the last year of
the Reagan administration and has continued under the George H.W. Bush and
Bill Clinton administrations and escalated under George W. Bush's watch. Smith
says the government has used the funds earmarked for baby boomers' retirement
to fund other projects, including George W. Bush's tax cuts for the wealthy.

"It's unconscionable to use payroll tax receipts from working-class
Americans to fund income tax cuts for the richest Americans," Smith says.
Smith has a Ph.D. in economics from Indiana University, Bloomington, and
has taught economics at the university level for 30 years. Smith has appeared
on CNBC, CNN, and CNN-fn as well as on more than 75 radio programs. Among
Smith's previous books are, "The Alleged Budget Surplus, Social Security &
Voodoo Economics," "Demystifying Economics," and "Understanding Inflation and
Unemployment"

Praise for "The Looting of Social Security"
"... presents what is at heart a straightforward grievance: for more than
a decade, political leaders from both parties have used various accounting
tricks to shift the Social Security surplus into the general budget, in
violation of federal law, and have lied about the nation's 'financial
status.'" -- Publishers Weekly

"With dismal clarity, Smith lays out the step-by-step history of how a
national pension plan was transformed into an outright shakedown of working
people." -- Boston Globe

"... has written a scathing account of massive fraud on the part of our
nation's leaders, who have plundered every cent of the Social Security Trust
Fund surplus that was specifically earmarked for the retirement of baby
boomers." -- Booklist

...more...

I thought they were both liberal but I should rethink that-right?

prototype ..

like Bush he wants to destroy all social programs and likes tax cuts for the rich.

Like a sleazy credit card vendor.

greenspan is just another regime tool, its past time for someone new.

You don't last that long in the halls of power by being partisan or colluded with the WH.

Anybody who says otherwise has no idea what they are talking about.

ROTFLMAO

Saw the tech stock bubble coming and other that jaw-boning about "irrational exhuberance" did nothing to stop it. Demanded that the federal government end deficits in the early Clinton years (when it seemed impossible) then gleefully went along with the Bush Tax Cuts (and their huge deficits).

Greenspan survived because his constituents (Wall Street) can throw tens of millions of dollars to the opponent of any President who crosses him. He's survived through threats and intimidation -- he's the fiscal equivalent of J. Edgar Hoover and it will be a great day in Washington when his tired old ass is put out to pasture.

Greenspan has been wrong about nearly everything he's said and done since 1990. His basic philosophy is provably shortsighted, his economic perspectives & predictions have been wrong, and his actions have either been useless or have created more variability than correction.

The ONLY way he's stayed in power is by playing to the partisan masters.
The Professor

his dogged raising of interest rates throughout the boom years of the 1990's. He claimed to be trying to hold off inflationary pressures (which never even threatened to materialize) when in fact he was trying his damnedest to choke off the recovery and discredit Clinton.

And where are those interest rate hikes now when inflation is here and real.

Ya know it would be so nice to find out in some purposeful and well spent inquiry into the shrub's administration all the wrong doings going on.

I mean everything brought to the face of the American public, much like Nixon's (as far as the attention given to Nixon's administration as well as the attention American's gave it).

Every little back room, under handed, deal. *sigh* I feel I will never know it all even if his monkey ass is taken out this November.

:hi:

Ive been around DU for about 2 years and my other half (better half?) has been around for much longer. Just have more time lately to come out of lurkdom tho! (hey something good * has done - he allowed me to jobless thus having time to post my wit.) :think:
thanks again for the welcome!

:hi:

Greenspan's frequent contacts with the Bush administration do raise questions for Kenneth H. Thomas, a lecturer in finance at the Wharton School at the University of Pennsylvania. "There's the appearance that might not just be affected by economic winds, but possibly by political winds," said Thomas, who obtained records of Greenspan's appointments back to 1996 through the Freedom of Information Act, and who published his findings in an article in the American Banker last month.

Thomas praised Greenspan's performance as Fed chairman, but noted that Greenspan provided critical support for the Bush tax cuts, and now advocates making the tax cuts permanent. In a presidential election year, Thomas said, Greenspan's close contacts with the administration "become at least a potential appearance problem."

Greenspan's meetings do mark "a huge and historic shift," said Donald Kettl, a professor of political science at the University of Wisconsin at Madison and author of a book about political influence on the Fed.

http://msnbc.msn.com/id/5074781/

"Other Americans to have received the KBE include George Bush, the former president, Rudolph Giuliani, the former mayor of New York, Steven Spielberg, the film director, and Alan Greenspan, the chairman of the US Federal Reserve Bank."

more...

http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2004/01/25/ngates25.xml

Where does his loyalty lie? To those who own the Federal Reserve Bank, or to the citizens of the USA? It looks like those who sign his paychecks, which observers say include GHWB with the Queen of England.

Section 9

Clause 8: No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.

Greenspan is a member of Skull & Bones, Yale's secret society to which the Bushes belong.

Also a member of the Trilateral Commission, Bohemian Grove, Council on Foreign Relations, and more.

or at Columbia, that he was in S&B?

http://www.federalreserve.gov/bios/Greenspan.htm

seems Greenspan caused this recession, for political reasons.

And now he's endangering the health of the economy, for political reasons.

Some Fed chairman!

for manipulating the price of gold but all evidence was lost on 9/11 when WTC7 went down?

but he was involved in a lawsuit with GATA - see:

http://www.goldensextant.com/Complaint.html

Reginald H. Howe, )
Plaintiff, )
)
v. )
)
Bank for International Settlements, )
Alan Greenspan, )
William J. McDonough, )
J.P. Morgan & Co. Inc., )
Chase Manhattan Corp., )
Citigroup, Inc., )
Goldman Sachs Group, Inc., )
Deutsche Bank AG and )
Lawrence H. Summers, )
Secretary of the Treasury, )
Defendants. )
______________________________________)