HA! Temporary my ass. Has anyone ever known anything temporary when it comes to the govt? Hell, it took 100 years to repeal the temporary tax on phones used to fund the Spanish-American war.

This may be a scam, people. Since when does Alan Greenspan speak in an English-spelled dialect?

Let’s put this Randian flunkie to bed and go with Cato’s formula:

1) Sound money, Rule of Law, Property Rights
2) Don’t make multiple mistakes
3) There is no single policy for prosperity
4) Small Gov is good for the Economy

http://www.youtube.com/watch?v=jCaUA5l_bYc&eurl=http://hotair.com/archives/2009/02/18/video-after-porkulus-now-what/&feature=player_embedded.

Heartache: Greenspan backs bank nationalization

Suddenly, Lindsey Graham’s a Greenspanian,
and the wrong man moved. Alan Greenspan told Financial Times that the
US may have to nationalize banks as part of a once-per-century
necessity. ……

Waht a great insurance program.

Hoovernomics

sounds like it sucks

WashJeff on February 18, 2009 at 1:54 PM

I have no idea but probably someone I won’t trust. As for question 2, again I have no idea.

Whomever it is, watch them very closely. The potential for fraud and cronyism is just too great.

Some years later, after the split that occurred between many members of her inner circle, I began to read the stories written by those who described each other’s participation and contribution to the Ayn Rand phenomenon. I was surprised to discover that Rand never liked Greenspan and only deigned to include him in the book due to his friendship with Branden. Rand didn’t like Greenspan’s thinking and disagreed with him on many important issues. She later considered him a publicity-seeking hanger-on who rode her famous coattails to wealth and influence.

It was a revelation to me years afterward to acknowledge the true genius of Ayn Rand, who recognized early on the despicable character of Greenspan many years before he publicly revealed his true nature as just another statist bureaucrat.

starfleet_dude on February 18, 2009 at 2:32 PM

I agree that it’s not nearly as bad on the Great Depression on the ground in the general economy…today. But in the financial sector, it’s much much worse. Our banking system is insolvent. If they fairly valued their assets our big banks would be already be shuttered. Just wait until the commercial real estate market explodes. Oh, and don’t forget the derivatives market. Some estimates say there more than $700 trilion in derivatives, of which 10% are presumed worthless.

Assuming a stimulus would even work, a premise I disagree with (the impact of debt service will only compound the problem), all it would do is preserve the existing order, an order which is simply unsustainable. If you understand the power of exponents it’s easy to understand why I say it’s unsustainable. We need a reset and fundamental changes. Anyway we cut it there will be pain.

Five! Five Trillion! Five Trillion in Debt!!!!!!!!!!!!! and counting!

Atlanta Media Guy on February 18, 2009 at 2:30 PM

Lol…. you know, someone should make a youtube video with a bunch of clips of Obama, saying “Five! Five Trillion! Five Trillion in Debt!!!!!!!!!!!!!” to the same tune in the actual subway commercial.

As far as Graham, I still can’t believe S.C. re-elected that RINO. Sooner or later, he’ll go over to the dark side and make a deal to line his own pockets or head up a committee. He makes me sick.