Americans are short of credit, but Greenspan, it was all your fault.
If Americans want to blame the economic downturn, the first one should be blamed is Greenspan. When he was financial minister, he was one eager to push the economy by printing US dollars. By giving the innocent Americans what they didn’t earn promoting the advanced consumption.
Today, Greenspan came out and point the finger to say “we are in credit tsunami”. It is easy for Greenspan to point finger to say that, because his monetary policy was and will never change: come on folks, we have to print more US dollars!
Economic recession is Greenspan’s great leftover. It is time to point our fingers back.
If American reviewed what he did, it was not a surprise to see why he resigned.
“Greenspan, whose views remain closely followed by the financial markets, was the US central bank governor for 18 years and stepped down in January 2006 before a years-long housing bubble burst.”
He was very angry men, now he grab his chance and came back to point his finger. Did we really forget what the worst nightmare he was?
Greenspan, go away, please! Economy needs good news instead your moldering “dollar printing and credit pumping” monetary policy!
