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Happy Anniversary!!!! Ten years ago today:

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Grins Donating Member (508 posts) Send PM | Profile | Ignore Tue Jan-25-11 02:37 PM
Original message
Happy Anniversary!!!! Ten years ago today:
Ten years ago today:

New York Times (with some things they should have said):

"WASHINGTON, Jan. 25, 2001 — Alan Greenspan, the Federal Reserve chairman, gave his blessing today to a substantial tax cut, but warned that it should not be so big that it would plunge the government back into deficit if the federal budget surplus fails to materialize as projected.

"In a clear shift from his previous position that reducing the national debt should be the focus of fiscal policy, Greenspan (the puckery Greek chorus boy for the Repuglican Party) said improvements in the economy's long-term potential and (from Bill Clinton's!!) swelling surplus projections had ''reshaped the choices and opportunities before us'' to permit a combination of debt reduction and tax cuts.

"...His comments were especially pleasing to the (Wall Street Republican ball-washers in the) White House, which has made President Bush's proposal for a $1.6 trillion tax cut over the next decade the centerpiece of its economic agenda."

Of course they were pleased. It's what they are all about.

The article ends with: "...(suggested that (Greenspan) was sympathetic to the concern expressed by many Democrats that a stampede to cut taxes could come back to haunt the nation if the surplus falls short of expectations."

What could go wrong?

http://www.nytimes.com/2001/01/26/business/in-policy-change-greenspan-backs-a-broad-tax-cut.html?pagewanted=all&src=pm
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Kurovski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-25-11 03:05 PM
Response to Original message
1. Nothing will change as long as people vote against their own interests.
Keep voting for Republicans and Blue dog dems, and those politicians are going to take the wealthiest and most powerful on a ride to disneyland, while every other sap sits at home eating saltines and Gatorade in front of the TEEVEE that tells them to vote for Repubs and Blue dogs.

Nothing will change.
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-25-11 03:10 PM
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2. Greenspan failed to account for the runaway spending the bu$h regime had planned.
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