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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (5502)	8/30/2002 12:38:13 PM
From: Mannie	Read Replies (2) \| Respond to of 89467

Remember Greenie throwing his opinion behind Bush's tax cut plan? He said the biggest threat to the economy were an excess of surpluses building within the system. We'll we don't have to worry about that anymore, do we?

To: stockman_scott who wrote (5502)	8/30/2002 12:38:40 PM
From: yard_man	Respond to of 89467

that is rather amazing, IMO -- that he would go on the defensive at all. hmmmm. Wow -- he almost even concedes that it was a bubble ...

To: stockman_scott who wrote (5502)	8/30/2002 1:47:12 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

cowardly defense by Greenspasm on popping 1997 stock bubble he talked about possibly raising margin requirements for stock held as collateral the standing constant policy has been 50% margin i.e. use $10k to purchase $20k in stock he could have instituted changes to make margin at 30% i.e. $3k borrowed from total of $10k held such a cowardly statement that experts will pounce upon this is a new low for a traitorous incompetent Fed Chairman but many in the illiterate public will believe him I dont he killed the general economy in order to subdue the growing stock bubble because he preferred to use a very blunt instrument in its application rather than attack the bubble locally while sparing the economy well calibrated timing to avoid the bubble is an illusion? the LTCM bailout was carefully conducted public justification before Congress of outrageous stock valuations was ongoing and very much on the record misreading the Y2K Bug threat showed not only incompetence in listening to IT professionals, but lack of confidence in the USA's biggest export industry the issue is not well calibrating a policy to remove the bubble the issue was numerous permanent policies that reinforce the creation, feeding, and justication of such bubbles no, the illusion is of the ability to manage an economy reactively with late inaccurate data, using blunt broad instruments, adhering steadfastly to heretic economic principles and destructive monetary policies !!! did I say "coward"? yes, a real coward looking forward to the response from press/media/experts looking forward even more to his professional demise until his departure, we can expect INCREASING FINANCIAL MARKET VOLATILITY BEFORE ITS GRADUAL DECIMATION prepare for a USdollar freefall in the next 20 months the ultimate vote of NO CONFIDENCE with Greenspan and US leadership (Executive, Congress, Corporation) / jim