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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow come Andrea Mitchell never mentioned this
while the trickle down no regulations posse were spewing their usual shit?
http://www.washingtonpost.com/wp-dyn/content/article/2008/10/23/AR2008102300193.html
<snip>
Alan Greenspan, once viewed as the infallible architect of U.S. prosperity, was called on the carpet yesterday, pilloried by a congressional committee for decisions that contributed to the financial crisis devastating world markets.
The former chairman of the Federal Reserve said the crisis had shaken his very understanding of how markets work, and agreed that certain financial derivatives should be regulated -- an idea he had long resisted.
When he stepped down as Fed chairman less than three years ago, Congress treated Greenspan as an oracle, one of the great economic statesmen of all time. Yesterday, many members of the House Oversight and Government Reform Committee treated him as a hostile witness.
"You found that your view of the world, your ideology was not right, it was not working?" said Rep. Henry A. Waxman (D-Calif.), the committee chairman.
"Absolutely, precisely," Greenspan said. "You know, that's precisely the reason I was shocked, because I have been going for 40 years or more with very considerable evidence that it was working exceptionally well."
Greenspan alternately defended his legacy and acknowledged mistakes. Waxman asked whether the former chairman was wrong to consistently oppose regulating the multitrillion dollar derivative market that has contributed to the financial crisis.
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How come she hasn't asked 'the so called oracle' what he thinks about this tax scam?
Guy Whitey Corngood
(26,505 posts)malaise
(269,185 posts)geardaddy
(24,931 posts)louis c
(8,652 posts)geardaddy
(24,931 posts)Mr. Sparkle
(2,950 posts)"Oh the emails , the humanity" is how i would describe her election coverage, literally missing the biggest elephant in the room.
Paladin
(28,275 posts)I will never, ever forgive her and Chuck Todd's obsession and trashing of Hillary Clinton over those inconsequential emails. Andrea Mitchell and Chuck Todd bear eternal blame for aiding and assisting trump and his fascist goons into office. MSNBC should have sacked them both.
Wounded Bear
(58,719 posts)so, the economy was just fine for them. That's what "trickle down" does...it increases income inequality.
tiptonic
(765 posts)That is so true. Semper Fidelis..
Wounded Bear
(58,719 posts)Trickle down works just fine at what it is designed to do, which is to hoover up money for the upper classe.
Sophia4
(3,515 posts)money, and they bought the properties in foreclosure in Los Angeles. Now they rent them out.
You see, what counts for the rich is not the having things or even really the selling things but rather the steady stream of money from things poorer people need and have to pay for every month or day or week or at least every year.
The rich make their real money, the big money, the income that sustains them, that is more than they need, that increases their wealth from things we have to pay for daily, weekly, monthly, annually. That is their income. The income they don't need accumulates, and that accumulated extra income is wealth.
That is why it is smart to have solar panels or a windmill or some energy form that makes you independent. That is why you want to buy and live in a house or apartment or room that is LESS than you need, not more than you need. That is why bicycling to work is smarter than a car if you can bicycle. That is why turning the heat down, driving less, doing less is important now. Every cent you spend on things you can do without feeds the Republican greed machines called wealthy people.
Bernardo de La Paz
(49,045 posts)MontanaMama
(23,337 posts)She led the HRC email brigade on msnbc. She NEVER has anything of consequence to say, she is a proponent of the both sides do it theory and her head is much too large for her body.
Wounded Bear
(58,719 posts)but because she's kind of obviously going senile. Can't finish her sentences, stumbles over her words, tries to talk fast and blows it.
Painful to watch.
MontanaMama
(23,337 posts)Something is off with her. I never watch her but will occasionally tune into her show on my way to work in the car. I cant last one segment without swearing and turning her off. I swear a lot these days but thats another conversation. 😒
Eyeball_Kid
(7,434 posts)But all they have is a mush-brain who couldn't stop obsessing about HRC's perceived misdeeds. And you're right. She's lost her ability to think critically and independently. She's living on repeatedly referencing those old memes and rumors and still makes millions.
Retirement doesn't come too soon for her.
malaise
(269,185 posts)I haven't watched her program for years
Ligyron
(7,639 posts)Her husband must have a lot of money or something.
JohnnyRingo
(18,649 posts)He had already stepped down, and I think he may have been interviewed by his wife, but the question was whether he would have done anything differently. He began talking about his era of banking deregulation by saying he couldn't believe the financiers killed the goose that was laying their golden eggs. They had it made under his stewardship and abused the deregulated system for short term profit.
Clearly he thought if given a free reign, the banks would police themselves and greed would not be a factor. It's hard to understand why he thought that, but it's been the basis of the Republican platform since Reagan.