The Democrats' Long Slide Downward, Chapter 1: Gore
The Democrats' Long Slide Downward, Chapter 2: Kerry
The Democrats' Long Slide Downward, Chapter 3: Dean's DNC
The Democrats' Long Slide Downward, Chapter 4: Reid Blasts Greenspan
WashPost | Gingrich becomes them
Federal Reserve Chairman Alan Greenspan generally gets accolades for his public pronouncements. Yesterday he got a brickbat from Senate Minority Leader Harry M. Reid (D-Nev.), who blasted Greenspan as "one of the biggest political hacks we have here in Washington." [...]
"Why doesn't he respond to the Republicans and tell them the big problem here is the debt that this administration is created?" he said. "We had a $7 trillion-dollar surplus when Bush took office. Now we have a $3 or $4 trillion-dollar deficit. That's, in fact, what Greenspan should be telling people." [Wait, stop, that was actually a valid point! Maybe the Dems aren't just frothing at the mouth, stark raving mad. Maybe they actually have a future as a party after all!]
[...] Reid also differed with Greenspan on monetary policy, arguing that he was keeping interest rates too high. "We should put the brakes on Mr. Greenspan's nomination before we once again empower him with the ability to put the brakes on the economy," he said then. [Ok f*ck that. They're screwed. 1% for so long and now a measily 2.75% too high? Liquidity trap anyone? If you want to bitch about some thing, how about the SAVINGS RATE? Oh wait, that was what Greenspan was doing on the Hill yesterday. *sigh*]