Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (142254)	8/9/2010 3:11:30 PM
From: Mary Cluney	Read Replies (1) \| Respond to of 541986

<<<Obama had the chance when he first entered office to be a visionary and instead all that election bonus got sucked into the health care mess. >>> Where do you get the cajones to repeat this nonsense over and over again? Thanks to Sarah Palin for expanding my pc vocabulary ggg.

To: Steve Lokness who wrote (142254)	8/9/2010 3:22:35 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 541986

"Are you more happy with your health care than before the bill was passed? " Yup. The drug donut hole is going away. I don't use those drugs yet, but I'm very happy it is being disappeared. "Now even Greenspan is worried about our debt!" Yeah. He threw out Atlas Shrugged, and bought a DVD of Lord of the Rings. All part of growing up. That got him growing intellectually again. Now all he needs to do is take a few courses in Biophysical Economics. Then Andrea will let him back in bed. Some parts of this may not be exactly accurate. Might be the Glen Yarbourough version of LOTR. Anyway, he thinks the king should tax Bilbo's treasure. Alan Greenspan: Repeal the Bush Tax Cuts Completely By DAILYFINANCE STAFF Posted 3:10 PM 08/07/10 Former Federal Reserve chief Alan Greenspan, who considers himself a lifelong Republican libertarian, wants all the tax cuts passed in 2001 and 2003 repealed, reports The New York Times. His position is contrary to the Republican stance in the discussion on this issue, currently among the most heated in Washington, and goes even further than that of the White House, which calls for keeping tax rates steady for all but the wealthiest Americans. The tax cuts were adopted under President George W. Bush, with Greenspan's implicit support then influential in swaying lawmakers. "I'm in favor of tax cuts, but not with borrowed money," Greenspan told the Times on Friday in a telephone interview. "Our choices right now are not between good and better; they're between bad and worse. The problem we now face is the most extraordinary financial crisis that I have ever seen or read about." R. Glenn Hubbard, an architect of the tax cuts, disagrees. According to the Times, the chairman of the White House Council of Economic Advisers from 2001 to 2003 says "such a large tax increase in the middle of a period of sluggish economic growth would be a very bad idea." But while Greenspan's reputation has been tarnished, with the Fed failing to restrain the runaway subprime mortgage lending that contributed to the financial crisis, the former Fed chief is still highly respected, and his opinion will carry significant weight in Congress' upcoming debate on whether to extend the tax cuts. dailyfinance.com