Word: greenspans
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Dates: during 1990-1999
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...sure, there are few times in our congressmen?s lives that they look as stupefied as when Alan Greenspan comes to visit them on Capitol Hill. But as tax-cut-hungry Republicans in the House and Senate blinked their way through the Fed chairman?s testimony on the last two Wednesdays ?- testimony in which Greenspan repeatedly shot down the idea of massive tax cuts -- one sensed that another question besides "huh?" was nagging at them this time. Namely, wasn?t this guy supposed to be a Republican...
...more like the GOP leaders against the world. From the White House (Al Gore stopped by late Tuesday to trash the bill for neglecting Medicare) to the polls, the appetite for a cut that big just isn?t there right now. Even fellow Republican and economic icon Alan Greenspan is in on the finger-wagging. In testimony before the Senate Banking Committee Tuesday, the Fed chairman more or less repeated what he told the House last week: In this time of economic plenty, tax cuts aren?t bad, but debt repayment ?- and preparing for boomers? retirements ? is a whole...
...ALAN GREENSPAN Gets an A++ from Gore; set to keep his post in 2000. Chalk one up for inscrutability...
...Senate knows it, and judging by the polls ?- which still favor Clinton and his mantra of "first things first" (Medicare and education) - the public senses it too. Would most Americans like a 10 percent across-the-board tax cut? Sure they would. But they believe Larry Summers and Alan Greenspan and even Clinton when they say 10 percent is too much, and too much is a bad idea. The GOP moderates knew that too. But the party needed a win, and Denny Hastert asked so nicely...
Moved PermanentlyMoved PermanentlyFortune Investor DataPrivately, Alan Greenspan can crow a little. With one eye on the so-called "new paradigm," in which tech-driven productivity gains naturally outstrip price pressures, and the other eye on a shaky Latin America, the Fed chairman isn?t anxious to raise rates. But some of his FOMC colleagues at that big mahogany table have been getting antsy about the Fed?s turning into a paper tiger, kowtowing to the stock market and letting the economy run wild and free. This week?s numbers give Greenspan a perfect reason not to listen. "There?s just...