taojones

Looking for a Cause for Thursday's Sell-off? Blame Greenspan

Greenspan had to deal with an administration that was hell bent on looting the treasury and lining their pockets for decades to come. I remember the blank stares from the senators when greenspan explained that the surplus that the clintons had left behind could not simply be returned to the bond holders(to reduce the national debt) because most were bearer bonds and with out offering incentives to offset the tax advantages we just did not know who(as a group) they are. thats why we all got that first 600 dollar check the government by law could not keep the money.He is a guy who see what is going on in a world of class "C" dunderheads but he should realize that pointing out that the emperor is naked will have consequences