Greenspan a hack? How the Fed plays politics with interest rates

Excerpts from this website:
http://david_brubaker.home.comcast.net/FedIntRateChart.v3.htm

During every four-year presidential term, there is a period of 24 months when the Federal Reserve Board's actions on interest rates will have the most impact on the state of the economy during the next presidential election.

During the periods when their actions will most affect the state of the economy during the next presidential election season, the Fed's actions are diametrically opposite depending on the party currently in the White House; but at other times their interest rate actions are similar regardless of the party currently in power.

During that sensitive period of time in every presidential term since 1960, the Fed has acted to stimulate the economy if the incumbent is a Republican and to slow the economy if the incumbent is a Democrat. Through recession and boom, inflation and stability, deficits and surpluses, there is not a single exception to that partisan pattern.

All of Alan Greenspan's obscure statistics that no one else ever heard of are just a smoke screen to camouflage the Fed's blatantly partisan activity.

Most important point to make:

"During that sensitive period of time in every presidential term since 1960, the Fed has acted to stimulate the economy if the incumbent is a Republican and to slow the economy if the incumbent is a Democrat. Through recession and boom, inflation and stability, deficits and surpluses, there is not a single exception to that partisan pattern."

I'm tired of this crap. It's time for Republicans to atone for their sins.

Greenspan was put in at the Fed. Mark my words.

This is the one that will kill the U.S. economy. Depression, here we come...

http://www.lewrockwell.com/bonner/bonner75.html

I was so aggrivated with Greenspan back then. What was this idiot doing!!!

Hell, the media even declared Greenspan "The Most Powerful Man in the World"!

thinking, "Are they out of their minds?" Now I realize, they were completely in their minds. I trusted motivations more then.

Carter never did get the creddit he deserved. Still doesn't.

Time to call a spade a spade.

Why is deficit spending bad policy in all fifty state capitals, but not at the Fed? The guy needs some lithium!

Greenspan is just a little too exuberant for my taste. He supports or has supported every budget busting idea the president has ever introduced!

it is a template for the Bush tax cuts and 'revenue enhancements' needed to pay for them back then. History is repeating itself.

coupled with *²'s lies did Gore in.. Remember too, that the gasoline prices were highest in "swing states" :(

Unbelievable...

as if to say, hey nobody noticed what we're doing so let's really do it big. Nobody will ever notice.