Leftist Alan Greenspan Declares Class Warfare
by karma432Federal Reserve Chairman Alan Greenspan, testifying before the Joint Economic Committee last week, commented that the 80 percent of the workforce represented by nonsupervisory workers has recently seen little, if any, income growth at all, virtually all growth going to the top 20 percent of supervisory, salaried, and other workers has.
The result of this, said Greenspan, is that the US now has a significant divergence in the fortunes of different groups in its labor market. “As I’ve often said, this is not the type of thing which a democratic society - a capitalist democratic society - can really accept without addressing,” Greenspan told the congressional hearing.
Had a Democrat said this, it would have immediately been branded “class warfare” by the right wing noise machine; but they were surprisingly silent when Greenspan declared the obvious.
Polite nods and then a quick segue back to Terri Shaivo….
One Response to “Leftist Alan Greenspan Declares Class Warfare”
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June 19th, 2005 at 1:04 pm
Tim–
In calling Greenspan a “leftist”, you have gone out on a limb. For starters, the article you link to doesn’t call him that; and I would respectfully point out that Greenspan has *consistently* supported the interests of Wall Street over those of Main Street. Perhaps you may want to put the term leftist in quotation marks….
–Nathan