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.
Asked by Anonymous at 1:03 AM on Sep. 16, 2010 in Politics & Current Events
Answer by JuLiAnSmOmMy317 at 1:14 AM on Sep. 16, 2010
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.
Answer by QuinnMae at 8:29 AM on Sep. 16, 2010
Answer by gertie41 at 9:03 AM on Sep. 16, 2010
Answer by UpSheRises at 9:04 AM on Sep. 16, 2010
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:
Answer by LoriKeet at 5:56 PM on Sep. 16, 2010
And this one has cute little pictures! LOL
Answer by LoriKeet at 5:59 PM on Sep. 16, 2010
Answer by jessa1091 at 9:10 PM on Sep. 16, 2010