Bernie Sanders SMACKS down Greenspan with righteous anger!

[Aqaba]

Run time: 05:08 https://www.youtube.com/watch?v=tWDO9JukmvU   Posted on YouTube: September 23, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: September 24, 2008 By DU Member: Aqaba Views on DU: 2166

 
This is a MUST SEE. I don't know when this was, but notice that it was on CSPAN3 so I doubt many people saw it.

Anybody know when this was? Probably when he was still Fed Chairman.

Edit: BLAH. Brain fart, its Bernie Sanders. I had Barney Frank on the mind because he is on Charlie Rose right now.

[mcctatas]

1. Isn't that Bernie Sanders?

Ind. from Vermont?

[Aqaba]

2. Yes... had a brain fart... Barney is on Charlie Rose atm

[Hokie]

3. Bernie Sanders not Barney Frank

Still a great smack down.

[trthnd4jstc]

4. Yep. Bernie Rocks!

[K8-EEE]

5. Bernie is a TRUE MAVERICK!!

He isn't even IN a major party -- McCain is just a hack, I'm sick of the phony "Maverick" label....

[Mojorabbit]

6. I'd love to know the date this happened. nt

[Krakowiak]

16. 7/16/03 - see here

Bernie is a great man.

http://www.youtube.com/watch?v=nBnKh6B2cMw

[Mojorabbit]

17. Thank you so much! nt

[whistle]

7. Back in June 2005 I believe and now Bernie Sanders has a petition

...aganist the bailout with over 6.3 million signatures to be sent to Hank Paulson. Go here to sign:

http://sanders.senate.gov/petitions/?petition=Financial_Crisis_1

[sandnsea]

8. I wish everybody would watch this

The Greenspan's of the world just do not get it. They're operating an economy for the corporations so they don't care where the jobs are. They don't care if "purchasing power" means you have to buy dollar store crap or Chinese prescriptions that might kill you or your kids. It's more than "out of touch", it's total disregard.

[MikeNearMcChord]

9. My fantasy, is Greenspan frog marched in front mob of

unemployed Americans, Let them JUDGE HIM!!! Bernie Sander PWNED that righteous smug bastard!

[SILVER__FOX52]

10. Greenspan is a >>>

snake oil salesman !!!

[democrat0986]

11. i don't have enough posts

i don't have enough video replies yet to post a video up but i would like you guys to check out a video i made tonight. if you like it, i encourage you to post it here. it's basically a video trying to get people to register to vote. here's the link
http://www.youtube.com/watch?v=sASdea1KRgE

[bjobotts]

12. Greebspan's policies have destroyed the economies of other countries

[bjobotts]

14. whose laws did not stand in his way. Sees only with eyes of the wealthy

[bjobotts]

15. Spews out this "greatest country" crap to hide how he turns it into a corporatocracy greatest for ri

the rich only while others should be thankful they let us live here outside of cages if we pay enough of our wages back to them. I would piss on this man but it wouldn't change anything beyond being a step in the right direction. Economic policies to slowly destroy a nation=Greenspan.

[patriotvoice]

18. Don't you mean "Greedspan", not "Greebspan"?

:toast:

[democrat0986]

13. this is an excellent video by the way

what a smack down that was!! excellent job by Mr. Sanders.

[OakCliffDem]

19. K & R

[Kitty Herder]

20. Bernie Sanders rocks!

Greenspan is an evil bastard. It's good to hear him get told off.

[Hubert Flottz]

21. Thanks I needed that...

I wish they'd play that on Countdown, but I doubt that Andrea Mitchell would ever let that happen.

[bulloney]

22. Greenspan gave the shallowest bullshit non-answer I've ever heard.

Yeah, we may be developing the technology in the U.S., but that technology is being transported overseas and is being used against the American worker. Same with capital.

Sanders was right. We're trading good-paying manufacturing jobs for minimum-wage service jobs with few, if any benefits like health insurance, a la WalMart. It doesn't take a genius to figure out that, even with the 'cheaper' imports from China and elsewhere, that 'benefit' will run its course and Americans will not be able to even afford them as their wages lose ground to inflation.

We've been a nation running on debt and when the current financial market crisis appeared, it exposed how vulnerable Americans are.

During a program I recently attended, the speaker pointed out that Americans' savings rate was a MINUS FOUR PERCENT, compared to 10 to 50 percent in other countries. This country and its standard of living that Greenspan touted cannot exist when it is leveraged in debt to this extent.

Greenspan's remarks just show what an aloof idiot he is and it's scary to think he chaired such a powerful part of our financial system.

Hell, the Fed itself is unconstitutional in my opinion. The Constitution says that CONGRESS shall issue money, not some quasi--private/government bank that never gets audited.

[JHB]

23. Purchasing Power

Greenspan's argument hinges on maintaining the "purchasing power" of the workers. I'd be very interested in seeing inflation-adjusted stats for that since WW2: total, per capita, and median. When factory and office jobs get replaced with shelf-stocking and burger-flipping jobs, it damn well does not maintain the "purchasing power" of the work force.

He sings the praises of our standard of living, while either being blind to how it got that way or lying and just acting like he's blind.

I'd say more, but watching this tends to elicit enraged animal noises, and I can't spell those very well.

[pberq]

24. That is a great example of why we are talking about a bailout

As Bernie says, this guy could care less about the average American.

[daggahead]

25. Greenspan is part of the problem.

Read "Greenspan's Fraud," by Ravi Batra.

[mdmc]

26. Show me what a Democrat looks like

This is what a Democrat looks like!