tag:blogger.com,1999:blog-14237465.post2507666952274775333..comments2024-03-19T17:23:46.337+11:00Comments on One Salient Oversight: Greenspan isn't impressedNeil Cameron (One Salient Oversight)http://www.blogger.com/profile/03143948543305522865noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-14237465.post-22319679278734029632007-09-18T00:09:00.000+10:002007-09-18T00:09:00.000+10:00It will be interesting to see how history treats M...It will be interesting to see how history treats Mr. Greenspan's tenure.<BR/><BR/>I believe he deserves generally good marks. I share his high opinion of Mr. Summers and his low opinion of Bush's fiscal policies.<BR/><BR/>However, he does deserve some of the blame for the tech bubble and the recession that followed as well as the Wall Street bailout he and Mr. Rubin orchestrated in the wake of the Mexican peso crisis in the early 90's.<BR/><BR/>The so-called subprime meltdown may or may not be serious. We'll have to see how things work out in the next few months.<BR/><BR/>Your header, though, assumes that presidents have more power over the economy than they do. Without the cooperation of Congress, there is little a president can do directly. Vetoing wasteful spending bills is one thing presidents can do, and Clinton was definitely better at that than Bush.BLBeamerhttps://www.blogger.com/profile/00953399820620982720noreply@blogger.comtag:blogger.com,1999:blog-14237465.post-5580346526725428012007-09-16T15:10:00.000+10:002007-09-16T15:10:00.000+10:00The Federal Reserve should actually be taken entir...The Federal Reserve should actually be taken entirely out of the picture. They are not Federal and are not concerned about anyone who has little or no money. They want to give us the American version of the Euro by mixing our money with that of Canada's and Mexico's. How about we get an American dollar that is once again backed by hard currency for starters then work on stabilizing absolute values?Garthhttps://www.blogger.com/profile/06803393091005927029noreply@blogger.com