Calling Greenspan's Bluff

Too often Alan Greenspan is regarded by members of both parties as some kind of all-knowing sage, when in fact he is an extreme right-wing economist whose views on the minimum wage, trade, taxes, and other issues are directly at odds with the needs of working and middle-class Americans. I get sick and tired of hearing how well the economy is doing when so many are having a difficult time. It's time people start calling Greenspan's bluff, showing how out of touch he is with the working class of this country. So I have made it my job, when he comes before Congress twice a year, to reveal how reactionary he is. On that day I was particularly outraged by a remark he had made earlier, when asked about the huge loss of manufacturing jobs. Greenspan said something about how it was debatable whether it was harmful to lose those jobs. - Representative Bernard Sanders (Independent-Vermont)This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website

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