Go fuck yourself with a 13-inch rusted cattle prod:

Former Federal Reserve Chairman Alan Greenspan said on Tuesday the U.S. economic recovery was “extremely unbalanced,” driven largely by high earners benefiting from recovering stock markets and large corporations.

Small businesses and the jobless are still suffering from the aftermath of a credit crunch that was “by far the greatest financial crisis, globally, ever” — including the 1930s Great Depression, said Greenspan in an address to a Credit Union National Association conference.

How is this old, crusty cunt not in jail? He’s robbed millions of people of homes, jobs, and pensions by deregulating and slashing interest rates during his 19-year stint as head of the Fed. Oh, that’s right. He’s not in jail because he’s a rich, white man who helped those corporations he’s bad-mouthing make billions of dollars.

If Joseph Andrew Stack really wanted to shake up the system he would have crashed his plane into Alan Greenspan’s home. Of course, that would have taken some planning, and we all know people on the left can’t plan things for shit.

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Tags: Alan Greenspan, I Can't Wait Until This Dude Dies, Wall Street
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Today’s post is written by a wonderful author named  Aoi who writes at Politics By Satire. If you don’t check out her site, I will hunt each and every one of you down and cock/cunt punch you so hard that your unborn child will cry.

There is no fundamental theory of economics. No one knows how the economy works. A Ph.D. in economics doesn’t mean you can predict the economy. You might as well have a Ph.D. in fortune-telling. The two “sciences” are about as accurate. Both make predictions, and once in a while they are right, in the same way that a broken clock is right twice a day.

But amazingly, economists get six-figure salaries, and some make millions per year. And without every being right about anything. Imagine if other industries were held to the same low standard of performance.

• Airline pilots who occasionally manage to land an airplane
• Surgeons who once in a while don’t kill a patient
• Computer programmers whose software works once per month

All these people would be fired immediately. Or prosecuted. Or even lynched. But economists have created a mystique around themselves similar to what psychics have. Never mind that even the allegedly great Alan Greenspan recently admitted that he was essentially wrong for his entire career.

Despite their dismal track record, many economists are still claiming to have the perfect solution to the current crisis. I guess they magicked it up from their textbook Economic Spells and Incantations acquired while studying at Hogwarts School of Witchcraft and Economic Theory. And they claim to have the only workable idea for rescuing the economy, an idea that not coincidentally guarantees them even bigger salaries and fatter bonuses.

The latest report on TARP and executive pay at banks that received bailout money neatly proves that currently economists and similar experts can fail miserably and still be grossly overpaid. Some of the salaries are more than a typical person makes in 20 years, and the bonuses are often double or even triple what an average person makes in a lifetime.

So I want two things. First, a plan for economists in which pay matches performance. Of course, economists would then go unpaid, and that would free up a lot of money for people who actually do useful work.

Second, I want a job in which I can be wrong all the time and still get paid huge gobs of cash. But since in my line of work, things tend to explode, that is to say explode at the wrong time, if I make a mistake, I’m not likely to get that deal.

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Tags: Alan Greenspan, Doctorate, Economic, Economists, Kids and Teens, People, People and Society, Social Sciences, United States
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Fucking great. Thanks a lot Alan Greenspan. How could you say this:

Former Federal Reserve Chairman Alan Greenspan told a House committee Thursday that the nation will emerge from the current credit crisis with a “far sounder financial system.”

“We are in the midst of a once-in-a century credit tsunami,” Greenspan told the House Oversight and Reform Committee.

Greenspan said that whatever regulatory changes are made to respond to the crisis, “they will pale in comparison to the change already evident in today’s markets.”

He said that markets “will be far more restrained than would any currently contemplated new regulatory regime.”

Once-in-a century credit tsunami?!?!

Tsunami?!?!?

This is America bitch. We don’t have tsunamis.

We have hurricanes. This is a once-in-a century credit hurricane. Get it right old man.

Do it again and I will break your fucking face……

…I kid…..I wouldn’t dare hit an old person. I heard whatever happens to Alan Greenspan happens to John McCain…just what I heard…

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Tags: Alan Greenspan, Bailout, CNN, John McCain, Wall Street, We are all fucked
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