White House nominates Greenspan to another term...

[Riptide]

Just saw it on the MSNBC home page. No further deatils, yet.

http://www.msnbc.msn.com/

[nadinbrzezinski]

1. CNN is reportng same

and all the vitriol from the right against Greenspan

Makes you wonder huh?

[wtmusic]

2. Greenspan will continue

giving his blessing to tax cuts for the wealthy. Bottom line.

[Tandalayo_Scheisskopf]

3. Doesn't make me wonder at all.

This means that they are really concerned about their chances at re-election, and want to keep someone in there who is one of their own and a known quantity.

Greeny is, after all, one of their own.The engineer of their massive wealth redistribution to the top 1.5% of wage-earners.

[k in IA]

4. MSNBC just reported that Greenspan's term is not up until 2006 and

he is term limited so he will have to step down in 2006.

Are these guys getting desperate or what? What are they trying to do?
edited to add - Just read that Greenspan's term as Fed Chairman was set to expire next month but his full 14-year term on the Fed's board of Governors expires in 2006.

[Gothmog]

5. Greenspan sold his soul to Bush

Greenspan supported the stupid tax cuts and in return Bush gives him another term as Fed chief. Greenspan has sold out.

[rawstory]

6. Here's a link

http://www.reuters.com/financeNewsArticle.jhtml?type=bondsNews&storyID=5181746

[Media_Lies_Daily]

7. Greenspan must have agreed not to raise interest rates until....

...after the election.

Of course, that's assuming nothing bad happens and the NeoCons indefinitely postpone the elections until the "crisis" is over.

[abelenkpe]

8. fine

This just means he'll be in the driver's seat when the economy finally collapses. Better to blame the true mastermind of this debacle than someone else.

[napi21]

9. Hey guys, I don't like Greenspan either, but there is something

good in keeping the Fed Chairman on after a majorchange in administrations and Congress (hope, hope, hope!). It really is in the best interest interest of the Country to keep the stock market reasonably stable.

There weren't many people bitc*ing more about Greenspan during the Clinton years than me! All the man knew was raising interest rates! But his moves after 9/11 were good and brought some stabilization to the market. Is he playing politics now...probably. And when Kerry is elected, he will probably start to scream about the deficit. But for now, I really do this it's best not to rock the boat.

[noahmijo]

10. He did a great job under Clinton

[Bandit]

11. Bull

Clinton did a great job in spite of Greenspan not because of him. He jacked up rates consistantly trying to undermine Clinton. As soon as Bush* took power he started cutting rates to make Republicans and Bush* look good but it didn't matter because their economic policies don't hold water.