Sep 20, 2007 01:14AM GMT
Question
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Politics - United States
Do you agree with Alan Greenspan that President Bush should have vetoed more Republican congress spending?
Former Federal Reserve Chairman Alan Greenspan criticized his own party in his memoirs. Greenspan claims that Republicans "deserved to lose power last year for forsaking its small-government principles."" 'In "The Age of Turbulence: Adventures in a New World," published by Penguin Press, Mr. Greenspan criticizes both congressional Republicans and President George W. Bush for abandoning fiscal discipline.' "
"Mr. Greenspan, who calls himself a "lifelong libertarian Republican," writes that he advised the White House to veto some bills to curb "out-of-control" spending while the Republicans controlled Congress. He says President Bush's failure to do so "was a major mistake." Republicans in Congress, he writes, "swapped principle for power. They ended up with neither. They deserved to lose.' "
Full article here
What do you think SodaHeads? Do you agree with Greenspan? Do you think Greenspan has a valid point or is this just politically motivated?
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Answered Yes, I fully agree with Greenspan!
I think Bush spent WAY TOO MUCH MONEY.. I just read that book "Conservatives Betrayed" by lifelong conservative Viguerie (he has a GREAT website by the same name) and he effectively made the case against Bush's spending. It also shows a lack of credibility on his part that he always agrees with thier proposals. Here is an excerpt from the book:
"President Reagan vetoed the transportation bill because it contained152 earmarks. In 2005 Presiden George W. Bush didn't blink at signing into law a pigsy peice of legislation containing 6,373 earmarks".
The book is full of concrete examples of this spending nightmare, but what Viguerie thinks is best is divided government. If either party is in control of both Congress and the White House spending will increase. -
Answered I agree with him to some extent.
I agree to the extent that Greenspan knows what he's talking about when it comes to economics, probably better than most in either party do. The part I disagree with him about is that his opinion should have been the only one considered by Bush and that they "deserved to lose" for not listening to him. There are too many other factors for Bush to consider when making decisions, so obviously he can't take Greenpan's opinions and ignore everyone else's when it comes time to make those choices. That being said, I do agree that spending has gotten out of control. Democrat-like numbers! -
Answered Yes, I fully agree with Greenspan!
We have spent ourselves into oblivion, and then we continue to spend
beyond our means. At some point we will have to pay the piper, and it
wont be a pretty sight. If you are a smart person you will be working
hard to get out of debt as fast as you can, because if you don't you
might be the next one out in the cold. -
Answered None of the above
You wonder what motivates people to say or do the things they do. I wonder his true motivation. Why was he not more outspoken when it would have done some good? Now we get a book? Why not speak out when it would have meant something to all of us? I know many who certainly would have listened to him. -
Answer: Legacy. He resided over the longest growth period of the US
economy. However, in doing so, our government spent future dollars and
sold our "soul" to China and other foreign countries that are holding
enough T-bills to crash us at any time of their choosing.
Answered Yes, I fully agree with Greenspan!
Yes, President Bush should have resisted the urge to spend like a Democrat.