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Allen Greenspans thinks the government needs to get out of the way of businesses?

The former head of the Federal Reserve said fiscal stimulus efforts have fallen far short of expectations, and the government now needs to get out of the way and allow businesses and markets to power the recovery.

“We have to find a way to simmer down the extent of activism that is going on” with government stimulus spending “and allow the economy to heal” itself, former Fed Chairman Alan Greenspan told a gathering held at the Council on Foreign Relations in New York on Wednesday.
http://blogs.wsj.com/economics/2010/09/15/greenspan-fiscal-stimulus-worked-far-less-than-expected/?mod=rss_WSJBlog&mod=marketbeat

Answer Question
 
Anonymous

Asked by Anonymous at 1:03 AM on Sep. 16, 2010 in Politics & Current Events

Answers (9)
  • I don't think the economy is just going to 'heal'.. People are broke!! Bills are stacking as more taxes are getting ripped from checks... unless there is a nationwide pay-raise IMO this thing isn't just gonna fix itself...

    And throwing out some B.S. stimlus $$ won't fix it either... that $$ will never be seen by the people who need it most, and they are the ones who will be paying for it...
    JuLiAnSmOmMy317

    Answer by JuLiAnSmOmMy317 at 1:14 AM on Sep. 16, 2010

  • Why? So they can keep screwing us up the ass?
    Anonymous

    Answer by Anonymous at 1:17 AM on Sep. 16, 2010

  • I wish they would have figured this out before Bush's stimulus, Tarp, Recovery stimulus Act, Stimulus 2 and the countless 'jobs spending bills'. Maybe we wouldn't be in the financial shape we are in now. The positive side of this is that now that we know that our elected officials can't be trusted with the checkbook, the American public is getting more involved in the government process.

    QuinnMae

    Answer by QuinnMae at 8:29 AM on Sep. 16, 2010

  • Anon, way to go---you said absolutely nothing of value and to top it off, you used filthy words....as if that makes you sound any better. NOT.
    gertie41

    Answer by gertie41 at 9:03 AM on Sep. 16, 2010

  • Allen Greenspan needs to get his head out of his ass.
    UpSheRises

    Answer by UpSheRises at 9:04 AM on Sep. 16, 2010

  • Good for him but he also thinks we need taxes to get out of this mess.
    itsmesteph11

    Answer by itsmesteph11 at 9:40 AM on Sep. 16, 2010

  • First of all it's ALAN Greenspan.


    Second, he's ONE of the people responsible for this economic mess we're in.


    Here's a little primer on how he's is ONE of the folks responsible:


    http://finance.yahoo.com/tech-ticker/article/60751/Who-Killed-the-Economy-So-Far-Greenspan%27s-the-Popular-Choice?tickers=leh,fnm,fre,xlf,gs,ms,bac

    LoriKeet

    Answer by LoriKeet at 5:56 PM on Sep. 16, 2010

  • LoriKeet

    Answer by LoriKeet at 5:59 PM on Sep. 16, 2010

  • Have to say I agree with Greenspan. It is not the governments job to create work with taxpayer money. Without business and the people who own them there are no jobs for the rest of us. That's basic economics. I live in NY state where the government is the biggest employer! That too defies solid economic logic! No matter who you are, unless you're in that top 2%, you're working for somebody! Without that somebody to create and manage their business, the majority of us remain unemployed! But too I am making the assumption that there is an absence of corporate greed. The government can make all the laws they want regarding business etc. but a person without a conscience isn't going to follow them! So if they don't like the business climate here they will take it elsewhere!
    jessa1091

    Answer by jessa1091 at 9:10 PM on Sep. 16, 2010

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