CHENEY TRASHES GREENSPAN & Of Course-Blames Clinton: "The Real Bush Record" By Dick Cheney (WSJ)

[kpete]

Cheney op-ed: Greenspan's economic assessment 'off the mark' Jason Rhyne
Published: Wednesday September 19, 2007

In an rebuttal op-ed in the Wall Street Journal, Vice Pesident Dick Cheney takes on former Federal Reserve Chairman Alan Greenspan, who slammed Bush administration economic policies as fiscally irresponsible in a recent book, "The Age of Turbulence."

The Real Bush Record
By Dick Cheney


"I think his assessment is off the mark," Cheney writes, going on to characterize the economic downturn early in Bush's first term as having begun in the final months of the Clinton administration.

.................

"Less than eight months into our administration the nation came under terrorist attack," he said. "The events of 9/11 are the defining moment of the era from the standpoint of national security; they were equally significant from an economic perspective."

"The combined effects of recession and national emergency could have been devastating for America's economy," Cheney continues, yet "President Bush's tax cuts--following through on a promise he had made to the voters--resulted in a shallower recession, a faster recovery, and a platform for growth that remains sturdy to this day."

...........................

Recalling Greenspan's argument that fiscal discipline is a "long-term obligation requiring honesty and a willingness to make tough choices," Cheney insists that by that definition, "President Bush's record is superb."

more at:
http://rawstory.com//news/2007/Cheney_writes_to_correct_Greenspan_about_0919.html
http://online.wsj.com/article/SB119015858069931614.html

[ProfessorGAC]

1. What Greenspan Really Knows About Macroeconomics. . .

. . .wouldn't fill a thimble! But, compared to Cheney, his knowledge is Niagara Falls.
The Professor

[opihimoimoi]

2. Cheney is full of it ...as usual.....

[Toots]

3. Both are one of the reasons the world is shifting from the US Dollar

Neither can be trusted.....

[Uben]

4. "sphinxlike charm"

He meant to say "sphincter-like charm"

[Frustratedlady]

5. The Kid has to send the Bull Dog after Greenspan?

Hmmmm! Losing his ability to snow the public? You'd think no one believes him, but then, why would he think anyone believes the Bull Dog?

What a sorry lot.

[Kolesar]

6. If anybody doubted that conservatives were crybabies, there's another data point

Wah! It wasn't our fault!

[Whoa_Nelly]

7. First it was Saddam and 9/11

Now it's the oblique reference to Greenspan and 9/11

[niceypoo]

8. Hmmmm, the CBO differs with Cheney....

According to the CBOs Budget Update and Outlook (see chart, page 13) tax revenues will not reach the levels of Clintons last year in office before 2014. The Real, real Bush record.

Here is the chart:



Next time some republican tells you that revenues rise with tax cuts, show them this chart.

[tularetom]

9. 9/11 changed everything my ass

The "tough choice" the boy king advocated after 9/11 changed everything was to cut taxes and encourage everyone to go shopping while they attempted to run a war on borrowed money. Another couple of years of this kind of "fiscal discipline" will have us all speaking Chinese.

[whosinpower]

10. Platform of growth?!?

For war profiteers - yeah sure.

[Bitwit1234]

11. Picture this -----the know all--- benevolent cheney

Here we have cheney....who knows all there is to know about, any thing and every thing. He knows why this happened, he knows what will happen. He tells the world about his knowledge.

If this piece of crap knew so damn much why didn't he stop the stock market drop. Why didn't he stop the Katrina disaster. Why didn't he tell us about the housing crash. And most of all couldn't he have stopped the Twin Towers attack.

If sure is nice to have hindsight and have a platform to spew the propaganda to blame every body but the empty shell in the white house. This country deserves for him to have a long long bout of laryngitis so we can take a rest from his crap, which 75 per cent of this country doesn't believe any more.