IP: Greenspan's New Deal

[David Farber <dave () farber net>]

> X-Sender: @ (Unverified)
> Date: Sat, 29 Sep 2001 22:26:19 -0400
> To: undisclosed-recipients:;
> From: Monty Solomon <monty () roscom com>
> Subject: Greenspan's New Deal
>
>
> Greenspan's New Deal
>
> Save the poor! No breaks for the rich! Has the Fed chairman become a
> tax-and-spend Democrat?
>
> - - - - - - - - - - - -
> By Damien Cave
>
> Sept. 28, 2001 | When Federal Reserve chairman Alan Greenspan
> testified before the Senate Finance Committee Tuesday he raised some
> seriously surprised eyebrows. First, he appeared with Robert Rubin,
> President Clinton's treasury secretary, and not with the current
> holder of that office, his close friend Paul O'Neill. Then, he agreed
> with Rubin and stated his opposition to the current Republican tax
> cut agenda.
>
> Neither the capital gains tax cut favored by congressional
> Republicans, nor the reduction in corporate income taxes -- a
> proposal floated by the White House -- would do much to revive the
> economy, he said. If a fiscal stimulus should be pursued at all, he
> and Rubin concluded, it must be large -- up to around $100 billion,
> including what has already been authorized by Congress -- and it
> should be targeted as broadly as possible, not just at corporations
> and the wealthy.
>
> http://salon.com/tech/feature/2001/09/28/greenspan/index.html



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