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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 07:50 PM
Original message
Transcript of Reid calling Greenspan "one of the biggest political hacks
we have in Washington." I posted earlier about harry Reid's appearance on CNN's Inside Politics with Judy Woodruff. Reid showed the type of spine that we have been screaming for from our party. Here are some tidbits:

<snip>

REID: Judy, you understand, I hope, that I'm not a big Greenspan fan -- Alan Greenspan fan. I voted against him the last two times. I think he's one of the biggest political hacks we have in Washington. The fact of the matter is, he told us when we were in power and Clinton was president the biggest problem facing the American people was the deficit. And we did something about it. We, during the Clinton years, paid down the debt by about a half a trillion dollars.

Why doesn't he respond to the Republicans and tell them the big problem here is the debt that this administration is created? We had a $7 trillion surplus when Bush took office, now we have a $3 or $4 trillion deficit. That's, in fact, what Greenspan should be telling people.


<snip>


REID: This is interesting. The president has never seen a crisis he hasn't created. Social Security, judges. So the next thing I assume I'll be hearing from Republicans, they want to change rules some way, as they do on the House when you get a problem with ethics, they just change the rules. That's what they're threatening to do here on judges, maybe that's what they should try to do on Social Security. Change the rules.

That's what they seem to be wanting to do, rather than face the situation we have before us. The situation is Social Security is not in crisis. Social Security is not in crisis. The president understands that and that's why he wants to privatize it, to destroy it.

More at (about halfway down):

http://transcripts.cnn.com/TRANSCRIPTS/0503/03/ip.01.html
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nothingshocksmeanymore Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 07:51 PM
Response to Original message
1. The more I hear him, the more I appreciate him
in spite of our differences in positions on other matters
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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 07:54 PM
Response to Reply #1
6. I know I had some deep reservations about him at first,
but he has gained my respect for outspoken candor.
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nothingshocksmeanymore Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:01 PM
Response to Reply #6
9. I had recalled him during the energy issue and Yucca mountain
and knew he'd be a formidable opposition leader. Daschle had just gotten too weak or fatigued or compromised, perhaps by his wife's lobbying. I knew I would like his opposition style, I just didn't know how far he'd go towards trade offs, especially with women's rights. He seems to be holding tight on the judge issue and is good at that folksy stuff.
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roguevalley Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 07:52 PM
Response to Original message
2. Reid, you da man. Amazing. Finally! Someone said it out loud!
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bunkerbuster1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:11 PM
Response to Reply #2
14. About time someone called that pig Greenspan what he is.
Fuck you, Alan, you libber POS.
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wryter2000 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 07:52 PM
Response to Original message
3. Hokey smoke!
He said flat out that * wants to destroy SS? I may have the vapors!
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BootinUp Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 07:53 PM
Response to Original message
4. Good job Reid!
Don't ever let up on these facists.
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Career Prole Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 07:54 PM
Response to Original message
5. Thank you, hear?
I read your earlier post and had to run out and tell the only other Democrat on my shift because he's getting disheartened.
I'll print it out so he can hang it in his toolbox. :toast:
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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:05 PM
Response to Reply #5
11. We have to enjoy this little bit of Democratic sunshine
on an otherwise dismal day!

Give 'em hell Harry! :hi:
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deminks Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 07:57 PM
Response to Original message
7. I am beginning to really admire Sen. Reid.
He is stepping up when we need a fighter. I love this picture of him listening to * at the Robinson speech. It is like he just can't believe his ears. Neither can we.

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natrat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:01 PM
Response to Reply #7
8. at least if we go down as a country there will have been a voice
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Tigress DEM Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:29 PM
Response to Reply #7
20. God I so wish we'd gotten Kerry installed and Bush out on a rail.
I see him and I don't care. THAT is my President, for better or worse and he would have done a hell of a lot better than the pretender.

Especially with Reid and crew behind him.
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EVDebs Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:04 PM
Response to Original message
10. Common Dreams had an article titled "Greenspan Shrugged"
Edited on Thu Mar-03-05 08:09 PM by EVDebs
www.commondreams.org/views/041800-106.htm

which revealed the "maestro's" unremitting faith in deregulation. We are now suffering from the latest bout of it in the banking businesses' repeal of Glass Stegall. They are into everything marketing YOUR personal information as if they owned it, all over the world without regulation...open to ID theft and lord knows what else. Recently Choicepoint, BofA, SAIC, have all had hacks with vast ID thefts. Many of those thefts are to our security agents, such as David Kay in the SAIC case.

"SAIC is a major government contractor. Last month, a break-in at SAIC headquarters in San Deigo netted thieves “computers containing the Social Security numbers and other personal information about tens of thousands of past and present company employees.” Former weapons inspector David Kay - whose information was compromised because he used to work at SAIC - said, “I just find it unexplainable how anyone could be so casual with such vital information. It’s not like we’re just now learning that identity theft is a problem”"

from http://thinkprogress.org/index.php?p=336

Greenspan is a national security hazard and should be fired, immediately.
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madfloridian Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:06 PM
Response to Original message
12. Howard Dean, Jan. 2004, warned off when he said it. Glad it is said again
They, even his own party, made sure he backed off a little, and quickly. I am proud of Reid for speaking like this, our Dems are getting courage.

http://money.cnn.com/2004/01/23/news/economy/election_dean_greenspan/

Dean: Greenspan too political

Democratic presidential contender says Fed chairman's support of tax cuts is 'troubling."
January 23, 2004: 3:04 PM EST

LONDONDERRY, N.H. (CNN) - Former Vermont Gov. Howard Dean tried out a new tactic Friday while campaigning in New Hampshire, accusing Federal Reserve Bank chairman Alan Greenspan of making decisions that were "too political" and suggesting it may be time to replace him.

At an early campaign stop stop Friday morning, the one-time front-runner for the Democratic presidential nomination said that Greenspan, who has been chairman of the Fed board since 1987, has had a "long and distinguished career" but his decisions lately have been "troubling."

But in an interview later in the day, Dean said he has no desire to get rid of Greenspan.

In the campaign stop, Dean said that while he didn't think Greenspan himself is foolish, failing to oppose President Bush's tax cuts was "foolish enough" to warrant his replacement.

"The Fed should never succumb to political temptation," he said. "


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bunkerbuster1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:09 PM
Response to Original message
13. Gotta love that CNN "balance"
They give the Preznit googobs of time to lie about SS piratization; then they bring on a reThug to yack up some more talking points, and then and only then do they have Harry Reid on to clean up the bullshit.

I love what Harry said, God bless him and all that, but dammit, I hate CNN.


Oh, and how's this for another clear-as-mud Preznitial chunk o' verbiage:

You know, I would say this, I am nowhere at the early stages of the process. And I've only had nine trips around the country so far -- or nine states in my trips.
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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:16 PM
Response to Reply #13
15. It was pure chance that I saw this because I haven't watched CNN for
months. My husband was home this afternoon and turned it on, and just as I was about to tell him to change the channel, Reid came on. Almost as satisfying as Reid's remarks, was the SHOCK that Woodruff displayed over his comments.

She should display such shock at the utter idiocy of Bush's "explanations" of his SS scheme.
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bunkerbuster1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:18 PM
Response to Reply #15
16. I'd love to have seen RuffRuff's face
har har har. Yeah, we're fighting back, and we're not bending over and taking it any more--ain't that a shocker, Judy?
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bullimiami Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:21 PM
Response to Original message
17. hes not just a political hack, hes an idealogue
from the ayn rand school of i got mine and if i can steal yours too, tough shit.
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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:29 PM
Response to Reply #17
19. And a cold-hearted bastard to boot
He'll help Bush dismantle Social Security, and then he'll move on to further widen the income gap by helping Bush shill for a consumption tax to replace the progressive income tax.
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Tigress DEM Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:26 PM
Response to Original message
18. Democrats are going to shake the repub NUTS right out of the trees!
It's changing all over the board.

Got them on the run with the Gannon stuff.

They SHOULDN'T have tried to mess with AARP.

Conyers is standing up to them about a "crises" in election reform that has nothing to do with vote fraud and something to do with what do we do if "terrorists" destroy 1/2 the congress?

(What? They got a love letter from Osama they aren't sharing? Or do they think that between impeachment and scandals and pure American "lightbulbs" going on from one coast to the other they will have to appoint repub replacements to maintain their insanity?)

Boxer is taking the govenator to task on cleaning up the poisonus jet fuel mess in CA water that the DOD made and won't fix.

Hilary is going for real paper trail in elections.

Canada Min Lloyd Axworthy stood up to Condi and told her to tell her Prez to act like a person.

1000's demonstrated on Bush's world tour (Brussels, Mainz and Madrid for example) but they did find about 30 people in Germany for a pro-Bush ralley. (Bet they paid them.)

And on and on.... the lies of this administration are beginning to wrap around them like... like ... a huge boa constrictor the size of the Golden Gate Bridge.

THIS IS GETTING FUN TO WATCH.
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jpgray Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:30 PM
Response to Original message
21. Seriously, compare this to Daschle
Tell me Reid isn't about 1,000 times better.
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FourStarDemocrat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:33 PM
Response to Original message
22.  This is great. Reid is saying exactly what needs to be said.
Finally--finally--I'm hearing some decent thigs out of Democrats.
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Johonny Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 08:34 PM
Response to Original message
23. I don't know
"Why doesn't he respond to the Republicans and tell them the big problem here is the debt that this administration is created? "


I've read lots of comments from the last 4 years from Greenspan worrying about the deficit. I never really was scared by a Greenspan comment until he came out today with his sales tax pat on the back. Personally I think Greenspan has moved into the Hoover territory where he's been in his post too long and has generated too much power beyond his actual job duties.
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renoray Donating Member (194 posts) Send PM | Profile | Ignore Thu Mar-03-05 10:24 PM
Response to Original message
24. Wow! Thats the actual Harry Reid I voted for!
I had taken to calling Reid a jellyfish (sometimes he can sting, but really he no spine), but he is really starting to show the backbone we need to see. Notice how Guckergate exploded right after he took a shot at Reid? Maybe Harry can be our hammer?

I don't always agree with Harry, but somebody lit a fire under his ass and I like it.
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NVMojo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 11:11 AM
Response to Reply #24
32. the fire was always there ...DC is not a nice environment to survive in ..
He has done well and I'm glad to see him getting lots of coverage!!!
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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-03-05 10:36 PM
Response to Original message
25. Greenspan is a hack.
I'll be glad when he doesn't have his divine position anymore.
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Daphne08 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 04:47 AM
Response to Original message
26. I like Harry Reid!
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JohnnyCougar Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 05:19 AM
Response to Original message
27. Guess what? He's mostly "pro-life"
What does this mean? That Democratic pro-lifers can still be part of the party, and talk shit to Bush like no other. There is no reason one issue should take away people from out party.
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9119495 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 09:12 AM
Response to Original message
28. I was proud when my Senator Harkin voted against Greenspan
last time and people thought I was crazy. Good for Reid. Btween he and Dean, I have reason to be optimistic.
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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 09:17 AM
Response to Original message
29. Let's let Senator Reid know that we LIKE what he is doing
You can contact him here:

http://reid.senate.gov/email_form.cfm
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blue neen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 10:52 AM
Response to Original message
30. I love it.
Sen. Reid is calling Greenspan out on his hypocrisy over the deficit.

Bushco's plan is about DESTROYING Social Security and it's time the Democrats get that message into the American mindset.

Great catch!
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tinrobot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 10:52 AM
Response to Original message
31. I like this guy
Finally, someone with a spine!
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go west young man Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 11:47 AM
Response to Original message
33. Go Harry Reid!
Finally a Democratic leader with some balls who's willing to say it like it is. Since the election I've sent my DNC envelopes back with notes saying "not another penny until I see some real fighting on our behalf". Reid has impressed me enough already that I am giving again. We still need to weed out the Repub-lites though. There are too many of them with no backbone. We need a major change up of the guard in 2006. With Dean as DNC chair and Reid raising the real issues I'm beginning to think if we just change out a few folks. Lieberman, Tim Roemer, Evan Bayh, of course ole Zell. Then we are shaping up to destroy em in 2008!
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Cocoa Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 12:12 PM
Response to Original message
34. did Reid get struck by lightning when he said it?
what he said is blasphemy in the elite media. :wow:
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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 03:42 PM
Response to Reply #34
35. No, but Judy Woodruff looked like she
wet her pants.
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hvn_nbr_2 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 07:05 PM
Response to Original message
36. Evidence that Greenspan is a hack
Here's another thread on DU that links to an article with statistical evidence of the Fed playing politics with interest rates, all the way back to the Kennedy administration.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=1639046&mesg_id=1639046
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BigBearJohn Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 07:07 PM
Response to Original message
37. Our day will come.
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baron j Donating Member (434 posts) Send PM | Profile | Ignore Fri Mar-04-05 07:55 PM
Response to Original message
38. I watched Greenspan on C-span last night..
Right when a republican former senator asked him if the national consumption tax would burden the middle class, a fire alarm went off, so he didn't have to answer. Looked suspicious...
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UL_Approved Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-05-05 02:23 AM
Response to Original message
39. Well, it had to happen some time
I've been wondering when the dam would break and the pent up anger over the Bush Armageddon would finally wash these fools away. One bee sting here, another there, and pretty soon our enemy is deceased. Democracy in action...
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errorbells Donating Member (185 posts) Send PM | Profile | Ignore Sat Mar-05-05 11:19 AM
Response to Original message
40. I agree with H R about Greenspoon, etc...
but America thinks Democrats have the problem.

transcript>
ANNOUNCER: Democrats wear their feelings about the Bush Social Security plan on their sleeves.
(barf)

I wake up, turn on the computer and see >>>

Top Stories - AP
Democrats Assail Bush's Budget, Deficit

http://story.news.yahoo.com/news?tmpl=story&cid=514&e=5&u=/ap/20050305/ap_on_go_pr_wh/bush_budget

America sees the headline, not the article...

Have had CNN blocked for months now on the tube.
Has anything changed?

I love Harry.

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Just Me Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-05-05 11:29 AM
Response to Original message
41. Greenspan basically considers "competition" as greed without rules.
He is a vulturous corporacrat hack.

He fails to hold the advantaged in this country to the same equitable level of sacrifice asked of 95% of Americans.

He fails to recognize that REAL COMPETITION only takes place when everyone adheres to rules, dismissing the most egregious of corporate crimes.

His whole philosophy seems driven by wealth generation without civil or moral bounds.

It's just fucking disgusting!!! :puke:
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