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Click here to visit the new home of Politics Daily!Alan Greenspan, former chairman of the Federal Reserve Board, has been called many names, including the Oracle and the Maestro, but one he will never be called is Harry Truman. ...
(April 7) -- Who to blame and what to change? The tornado of economic arguments swirling around Washington these days addresses both failures that led to the recent financial crisis and the legislating of new rules aimed at preventing the next one. It shouldn't be surprising that a dominant player in all things economic during the period leading up to the crisis has emerged as one of the most vociferous participants in both parts of that debate. J. Scott Applewhite, AP Alan Greenspan, former chairman of the Federal Reserve, testifies Wednesday on Capitol Hill. Alan Greenspan, who was ...
For the first time since 1982, Social Security is expected to pay out more in benefits this year than it takes in from payroll taxes, another sign of how deep the economic recession has cut. The Congressional Budget Office projection marks a worrisome threshold that analysts had not expected to see until 2016, the New York Times reports. But since Social Security still has money in its trust fund, the shortfall this year will have no immediate impact on older Americans receiving the monthly benefits. Stephen C. Goss, the Social Security Administration's chief actuary, told the Times that ...
Top Obama administration economic officials, as well as former Federal Reserve Chairman Alan Greenspan, expressed confidence today that job growth will resume next year, but they cautioned that it will take time until the unemployment rate returns to its pre-recession levels. ...
Through their views on the virtues of free markets and individualism, Ayn Rand and the former chairman of the Federal Reserve Alan Greenspan will be forever linked as architects of the worst financial collapse since the Great Depression. ...
The White House released a visitor's log late Friday that revealed many of DC's biggest Democratic lobbyists have made frequent visits, despite President Obama's stringent new lobbying rules. The record of visitors also looks like a red carpet list of celebrities and Hollywood movie stars. And CEOs of all those Wall Street banks the government bailed out earlier this year came calling frequently, too. Many of the Democratic lobbyists who frequented the White House this year are also among the highest earning lobbying firms in 2009, including power player Steve Elmendorf of Elmendorf Strategies ...
In a recent interview, John McCain was asked to name a specific example of Sarah Palin's experience in terms of national security. Here's the exchange:Yes, it's true that our energy needs do affect our national security priorites. As Alan Greenspan noted, the Iraq war was really all about oil, not illusory weapons of mass destruction. And the reason Condoleezza Rice graced Libya's Moammar Ghadafi with a state visit last week--even though she'd promised she wouldn't until Libya fulfilled its international obligation and finished paying the victims' families for its role in helping blow up Pan ...
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