Blame-shifters are making Alan Greenspan and his Federal Reserve scapegoats in the current recession. The Fed is not only responsible for creating a bubble that has caused our economy to lose over half of its jobs since December 2007, but it also created an environment where people were willing to take on Other potential candidates do not appear ready for the job and Greenspan has become Bush's biggest economic asset. Bushes economic advisers and Congress who raised taxes three months into a recession are now expecting the Fed's to ease money supply and lower short-term interest rates. The inflation monster was still not appeased; every Banking Committee senator but Florida Republican Connie Mack griped or ranted for easier money. If the recession persists too long, the solution may lie in a cut to capital-gains taxes, strongly recommended by Greenspan. His main defenders are the financial markets and the American middle class.
Blame-shifters are making Alan Greenspan and his Federal Reserve scapegoats in the current recession. The Fed is not only responsible for creating a bubble that has caused our economy to lose over half of its jobs since December 2007, but it also created an environment where people were willing to take on Other potential candidates do not appear ready for the job and Greenspan has become Bush's biggest economic asset. Bushes economic advisers and Congress who raised taxes three months into a recession are now expecting the Fed's to ease money supply and lower short-term interest rates. If the recession persists too long, the solution may lie in a cut to capital-gains taxes, strongly recommended by Greenspan. His main defenders are the financial markets and the American middle class.