Another example of ABC News limiting their video audience. Here we have this amazing content -- an outstanding 10-minute interview with Alan Greenspan from October 4 on ABC's This Week With Stephanopolous, and no one on the net has seen it---not even 500 views.
Greenspan proves he's not a Krugman-Keynesian, calling for no new stimulus and a wait-and-see approach to the nascent recovery. He issued his harshest words for the out-of-control debt and deficit numbers saying we are nearing the Def-Con 5 level for Treasury's capacity to fund our grand debt experiment.
- 21 straight months of job losses, the longest stretch in 70 years.
- 6 Americans for every 1 job opening...7 million jobs gone since Dec 2007.
- We are on track for almost 3% growth in the fourth quarter.
- We will penetrate the 10% unemployment barrier and stay there for a while.
- "NO NEW STIMULUS!" No new stimulus because only 40% of the first stimulus has been used, and there is a lot of debate in the economics community as to just how effective this is (tell me about it!)...stimulus still has 60% left to go.
- "If you try to do too much to help the recovery, you can actually be counterproductive."
- "This is what a recovery looks like."
- "Medicare is only 50% funded."
- "...quite concerned about the debt and deficit levels and projections for future levels. The national debt cushion we have kept for generations is being threatened."
***************************
Thank you!
***************************
See other non-embeddable ABC News Content:
Geithner With Stephanopolous Aug. 2
Greenspan With Stephanopolous Aug. 2
Geithner With Diane Sawyer Sep. 15