Reply #5: Exactly right. [View All]

[Lasher]

Now Greenspan hopes to salvage credibility with his retreat: "The expansion of federal spending implied an increase in fiscal stimulus at a time when the margin of unutilized resources in the overall economy was probably thin," That means the tax cuts for the wealthy were stupid. Well you're a day late and a dollar short, Alan. How pathetic.

A real man would have said something like, "The tax cuts were ill-advised and continue to be harmful, with little or no actual benefit to the overall economy. They should be repealed, because we have seen that the supply side economic theory was never anything more than an attempt to excuse taking from the poor and giving to the rich."