Quote:
Originally posted by onetime2
His comments were in the latest FOMC (Federal Open Market Committe) press release. Check the Federal Reserve Board website. As far as his comments regarding fiscal responsibility, that has to do with a general long term strategy not a specific short term impact. The article you cite is eight months old and carries the same warnings about fiscal responsibility that he's been espousing since around 1987 when he began his tenure as the head of the Fed.
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Funny how when Bush 1 and Clinton (credit to both, where it's due...) commit to fiscal responsibility espoused by Greenspan and we get the longest stretch of economic growth *EVER*, and when Bush 2 tosses fiscal responsibility out the window we get... *shrug*
It isn't a recession, it isn't non-growth, but don't you think the US economy is capable of more, especially considering the evidence of the last 12 years?