Word: greenspans
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Dates: during 1990-1999
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...Samaranch is hardly free from being influential. He is one of the few individuals in the world (perhaps along with Federal Reserve Board Chairman Alan Greenspan) who can determine the entire fate of economies with a few choice words. A man so influential and powerful cannot be accepting a $16,000 Samurai sword from Nagano or a $300,000 international peace prize from Olympic affiliates in Seoul. And he cannot do so without expecting the IOC rank-and-file to follow his example. The Barcelona gentleman should do what many have been calling on him to do: step down...
...most battered part of the plan was the stock-market idea. Corporations hated it. Members of Congress in both parties hated it. And, most important, Federal Reserve Chairman Alan Greenspan--the patron saint of our prosperity--hated it. "I do not believe that it is politically feasible to insulate such huge funds from government direction," he said. That's Greenspanese for a simple concern: by investing some $700 billion in Social Security funds, the government-cum-shareholder would inject politics into the free market and unduly influence corporate decision-making. Would the government, for example, bring an antitrust or discrimination...
...little precious for Republicans to cite these worries, since the notion of investing Social Security funds in the market has been kicked around the G.O.P. for years. And Treasury Secretary Robert Rubin had a nice retort to Greenspan: an independent body would oversee the investments, he said, so "there will be no--zero!--government involvement...I might add that the Federal Reserve Board itself is a very good example...
...that Clinton didn't take for himself -- that hardy perennial, the tax cut. The good news for Republicans: In dismissing the Clinton Social Security plan before a House committee Wednesday, Fed chair Alan Greenspan had kind words to say about the GOP push for a 10 percent across-the-board tax cut. Now if only Greenspan would start guest-hosting the "The 700 Club...
Some are worried that the economy will falter if Clinton is removed, but that is giving the president too much credit for the decisions of Alan Greenspan. Finally, the most justified concern: some are afraid that the president's conviction would strengthen the hold of conservative Republicans over Congress. But the Democrats would be in a stronger position to keep the right wing in check if we had an honest leader in the Oval Office...