Greenspan Buoyant on Jobs Outlook

[0rganism]

The Reagan appointee thinks the "jobless recovery" will start generating jobs any day now...

Greenspan Buoyant on Jobs Outlook

By John M. Berry
Washington Post Staff Writer
Friday, November 7, 2003; Page E01

Federal Reserve Chairman Alan Greenspan, in his most upbeat assessment of the U.S. economic outlook in years, said yesterday that the economy should soon start producing the kind of job growth that has been missing since the end of the 2001 recession.

Significant employment gains would provide a critical missing element of the nation's recovery from the recession, a period in which sluggish economic growth has given way in recent months to a sizzling expansion, climbing stock prices and rising business spending. An improving job market also would provide a big political boost to President Bush as he heads into an election year.

(0: yeah, cos he's been a farking disaster so far)

Greenspan sounded cautious about the job market earlier this year, as the economy weathered uncertainties related to the war in Iraq, concerns about corporate scandals and the unwillingness of businesses to make new investments. But yesterday, Greenspan said the economy appears poised for sustained growth strong enough to generate more hiring.

(0: that means it's time to jack interest rates, right Al?)

The odds "increasingly favor a revival in job creation," the Fed chairman said, via satellite, in a speech to the Securities Industry Association in Boca Raton, Fla.

(0: and what guarantees those jobs will be created in this country, Al?)

At the same time, the Fed chairman expressed dismay at projections showing large continuing federal budget deficits that could cause economic disruptions down the road.

(0: so tell puppet boy to stop laying economic landmines with endless wars on abstractions, already)

"The current debate appears to be about how much to cut taxes or how much to increase spending. No significant constituency seems to support taking the actions that will be necessary to move toward, and one hopes achieve, budget balance," said Greenspan, who provided key support for Bush's tax cut proposal in 2001.

(0: yup, we just haven't cut veterans' benefits enough to satisfy old Al; get the hatchet!)

read more if you can stand the spin.

[Jack The Tab]

1. What happened to this guy?

Wasn't he considered an economic genius during Uncle Bill's 8 years of peace and prosperity?

Goes to show how quickly someone will turn whore..

[mbperrin]

2. "Odds favor " is BUOYANT????

Goddam! What if he'd said "jobs will actually be created"?

I guess then he'd be out of his fu*king mind with boundless joyous enthusiasm, right????

[stevedeshazer]

5. Irrational exuberance? n/t

[PapaClay]

3. Good.

He can trade places with me and not to worry, he'll have a job any day now.

[stevedeshazer]

4. This is the part that makes me laugh (sarcastically)

The odds "increasingly favor a revival in job creation," the Fed chairman said, via satellite, in a speech to the Securities Industry Association in Boca Raton, Fla.

I've been unemployed since December 2002. I finally have a job interview after 11 months, I'm a top candidate for a job that pays half what I made at my last job. And to just get an interview, I had to beat out 300 applicants.

Yup, this is a golden opportunity. I may well get this job, then Bushco will get credit for creating another job.

Greenspan is a fossilized old turd. These neocon get-rich-quick scammers hang on his every word.

I'm still waiting for that trickle-down golden-shower kind of thang.


Greenspan, enumerating the necessary Supreme Court votes for Bushco....

[theHandpuppet]

6. A friendly bump for this thread...

... to leapfrog the troll.

[Noordam]

7. :kick:

:kick:

[Lost4words]

8. In other words Shit Floats!!!!

I used to respect this clown, not any more.

[gasperc]

9. Forgot to read"Iraq fucking us over" memo

I think Greenspan needs to read the memo about Iraq dragging the economy into the La Brea tar pits