An Almost Perfect Predictor of GDP Growth and Bernie Lays the Boots…

[FreakinDJ]

An Almost Perfect Predictor of GDP Growth and Bernie Lays the Boots…


I recently watched a video clip of Bernie Sanders laying the boots to Alan Greenspan back in 2003, for Greenspan’s seemingly out of touch perspective of the average American. Now while we do have a repentant banker in Greenspan, a rare phenomenon for sure, I found the scolding interesting in that essentially every accusation Sanders lays on Greenspan could be repeated today to our subsequent central banking gods. During the video notice that all the figures Sanders explicates not only remain true today but have gotten far worse. Particularly note the national debt figure which has now increased by more than 400% since then!!! The clip is well worth the 5 minutes.


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But so let’s dig in a little to what Bernie is really saying to Greenspan. The overall theme of the trouncing is that the Federal Reserve, the keeper of American monetary policy, had implemented policies that clearly had done significant damage to the vast majority of Americans. Specifically Sanders is suggesting that the policies were a cancer to the economic prosperity of Americans and all the while creating extreme wealth for a select few. And while that is bad in and of itself, what Sanders finds despicable is that the Fed seems to not only deny the harm they were responsible for but Greenspan seemed to be alleging success by focusing solely on the massive wealth it had provided to the very few on top.


http://www.firstrebuttal.com/an-almost-perfect-predictor-of-gdp-growth-and-bernie-lays-the-boots/

DU used to be all about endorsing Income Equality for ALL Americans - Now not so much

Just thought I would remind everyone why most of us are here

[daleanime]

1. K&R.....

[LWolf]

2. K & R

[floriduck]

3. So sad how times have changed.

Some so-called Dems are now denying their original purpose to help the lower income victims. Their actions are as loud as their words.

Bern on!

[FreakinDJ]

4. Thank you

We have - for the majority here - been opposed to Bush's Crony Capitalism that led the country to the brink of destruction. Now we have folks here claiming a little Cronyism isn't so bad



So sad

[restorefreedom]

5. every time i see bernie take someone to the woodshed

it makes me smile.

gods, the guy is consistent.

and watching him lay down the lumber on mr mitchell, er greenspan, is a real treat.

[in_cog_ni_to]

6. I have to say,

that is my all-time favorite Bernie video! Such fun seeing Greenspan getting his arse handed to him! It also explains why Mrs. Greenspan hates Bernie.

PEACE
LOVE
BERNIE

[Kip Humphrey]

7. Bernie Sanders == Peace, Justice, Equality, Opportunity, Common Sense, and the Pursuit of Happiness

for all of us.


...in my lifetime ...for my children and grandchildren (soon to be 2)

WIN, Bernie, WIN!

[TIME TO PANIC]

8. That was awesome.

[Spitfire of ATJ]

9. A section of the Democratic Party is PROUD to have the support of Wall Street.

[FreakinDJ]

11. But but .. I can see Wall St from my porch

[valerief]

10. Sanders knows it's not rocket science. It's a govt that values greed and bullshit over basic human

rights.

[JRLeft]

12. Corporate democrats agree with Greenspan before he admitted he fucked up.

[shadowmayor]

13. Greenspan's a giant TURD

"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it." -- Congressman Louis T. McFadden in 1932 (Rep. Pa)

"To expose a 15 Trillion dollar ripoff of the American people by the stockholders of the 1000 largest corporations over the last 100 years will be a tall order of business." -- Buckminster Fuller

Greenspan was a major part of the problem. Never a part of the solution. Our media speaks of these "fundamental flaws" about as frequently as we hear about Fukushima, which is to say hardly at all.

And NO Alan, we do not have the highest standard of living in the world!!!! Guess he was feeling the Bern back in '03.