Alan Greenspan, economist and longtime head of the Federal Reserve, dies at 100

[Grins]

23. He did a lot of economic damage.

Smart, but when needed he decided being a Republican was more important than being an honest economist. He marveled at Bill Clinton's curiosity over the economy and the national debt, stunned when he turned theory into policy that turned into a surplus.

Then, on the FOURTH DAY of our "MBA president's" first term, this guy, no fucking less:

"The time has come, in my judgment, to consider a budgetary strategy that is consistent with a preemptive smoothing of the glide path to zero federal debt or, more realistically, to the level of federal debt that is an effective irreducible minimum.'' - Alan Greenspan, in Senate testimony, Jan. 25, 2001.

He was advocating for tax cuts because surpluses were bad. So he claimed. Too bad we never found out if that theory was true.

Bush signed the GOP tax cut bill into law 07 June 2001. And Clinton's surpluses evaporated! Revenues plunged, the economy slid into a recession, the stock market began a three-year plunge that wiped out investment profits. The GOP's projections of surpluses of $5.6 trillion over 10 years, became deficits of at least $1.4 trillion to $5 trillion.

And then 9/11 hit....