Greenspan to Greenspam and Back Again.

Greenspan is the kingpin purveyor of federalism that worked for the Clinton administration in being the voice of a factual testimony to its accumulating assets that brought the country out of years of accumulated deficits; gaining surpluses never seen before since after WWII. That is until the change in guard to the Bush administration that totally reversed the good times toward the bad with the highest in accumulated debt in US history.

One could argue that 911 and the war in Iraq were beyond the control of economic forecasters, but anyone with a gene of common sense is keen to point out that Personalities do make a difference when it comes to leadership and the direction of a country. Could we say President Bush was just unlucky? The truth of the matter is no.

His father was involved in the first military action in Kuwait, with George Jr. having ties to the binLadin family, making them intimate players on the scene in concern to national security if Bush was elected.

We know binLadin was instrumental in military campaigns in Afghanistan, making the relationship to the Bush United States a duopoly to the Military Industrial Complex. Once you start recognizing the over-bearance of MIC in any administration it spells doomsday market pressures.

One could argue the stolen election was the cause to 911, because the dire poor in middle class societies outside of the US would suffer more under a Bush administration causing the disenfranchisement, but the story is not so clear really, when evidence shows clearly 911 was more than hijackers attacking the USA.

Specifically it was a plan to control Oil resources in a region that is quite volatile because there is no nuclear balance in the Middle East. Israel is the only country to have nuclear weapons and this is the threat to Arabs who have none, and can not have control over their own resources.

Yes Alan Greenspan should be ashamed of himself; but in reality the turn of events do prove and show the American people the contrasting realities. In fact Greenspan will come out of this when he admits this, and influences people toward the Democratic principles that led and kept the country out of debt and out of war, which has been their trademark ever since their success in ending the Vietnam War.

Even though a Republican ended the war in Vietnam his resignation proved the hard realities and forces vying on Nixon to uphold the MIC convictions, or support the greater ideology, The Parvenu Paroxysm Ambit.

Republicanism is a party for the minority who are rich supplanting the backbone of America who is really the middleclass. They are never concerned about the country or people, only themselves and how much more control they can have.

But the Democrats who managed to wipe out debt and gain surpluses never seen before; is a living testimony to the fact that working middle class are the folks who are responsible, can manage, have creditability, and are competent in concern to national financial systems. They go the extra mile to prevent the calamity of war. In hindsight it is an admirable characteristic.

I think Greenspan doesn't need the Bernake job to shift markets. His word is gold and wisdom when the time comes for him to compare the Clinton vs. Bush legacies. Anything that indicates helping the middleclass in the markets are winners and movers becoming the driving forces out of the Bush or Republican conundrum.

Greenspan although complicit in supporting the Bush administration after his Democratic term was stolen, his only choice was to try and hold on to slow the impending avalanche or immediately buckle into the pressures leaving an instantly failed Wall street at a time of launching the War. I am sure we remember the words you are either with us or against us. His book certainly tells another tale. But upcoming markets will prove the war was wrong, and is the reason to the downward slide.

Huge markets are developing for secure renewable energy resources, especially environmentally conscious groups. Oil is becoming more of a protected resource due to declining supplies, and Air Pollutional Global Warming Factors. Iraq oil will become conservative reserves, in an attempt to provide long term social stability. They have no other resources, except sand.

It will be worth Associating with Alan Greenspan because his name represents not only financial wisdom but an expansion toward environmental integrity. That is I hope. djermano@yahoo.com

by Dom Jermano (20 articles, 0 quicklinks, 40 diaries, 934 comments) on Monday, October 1, 2007 at 9:58:11 AM
 

I don't know why . . .

everybody's blaming Greenspan.  He's merely an economist.  He knows about markets and some "rugged individual" called homo economicus but, like most economists, nothing about society, which is what you elect politicians for.  Unless, of course, you elect someone like Reagan, who couldn't even spell the word society, and then turn him into a saint.

Face it, folks, you all fell for that Reaganesque BS about government (i.e., "we the people") being the problem, not the solution.  Now, you're scapegoating Greenspan.

by delia (0 articles, 1 quicklinks, 0 diaries, 111 comments) on Monday, October 1, 2007 at 12:55:31 PM
 

Greenspan's Fed

by Kent Welton (49 articles, 0 quicklinks, 0 diaries, 37 comments) on Monday, October 1, 2007 at 2:21:25 PM
 

Dirty Secrets of the Temple

Indeed it is and I wrote about in under the above title. The privatized money creation and control was the bankers' dream and Woodrow Wilson and Congress obliged allow them to pull off the greatest financial heist in history. SS scam the 2nd greatest.

by Stephen Lendman (221 articles, 0 quicklinks, 0 diaries, 76 comments) on Monday, October 1, 2007 at 2:48:24 PM