Former Federal Reserve Chairman Alan Greenspan applauded President Donald Trump’s landmark corporate tax cut and touted its economic benefits for America.
“Remember that the stock market is being driven to a large extent by the one thing that I think the Trump administration did right: got the 35 percent marginal corporate tax rate and brought it down to 21 percent,” Greenspan said during a recent discussion at the American Enterprise Institute titled, “The Bubble Economy – Is This Time Different?”
“I think that what is happening here in the United States is we’re underestimating the impact of that,” Greenspan said.
“All you have to do is move the tax rate several percentage points, and a whole cascade of projects will fall on a ‘let’s-do-it’ type relationship, and I think that’s what’s happening at the moment,” said Greenspan, who served as Chairman of the Federal Reserve of the United States from 1987 to 2006.
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4 comments:
The day Greenspan left is the day things turned to turds. I always said it 10 years before he left, and it proved true. Listening to what this man says is highly recommended.
Just don't come to me for stock market advice, LOL!
I approve.
10:14- I won't. Also, you said 10 years before Greenspan left, the economy would be like this? No one is impressed by lies.
It was revealed on outlaw TV that Greenspan either knew or strongly suspected the severe economic decline as early as 2004 and instead of trying to take steps to fend it off decided to take his more than excessive federal pension and skip and run. I have NO respect for a coward more especially when it hurts people that are just barely getting by.
Greenspan was intelligent enough to protect himself just like all of the washingtoncrats do, yet the people who are providing tax money for their every whim aren't important enough to at least be told of the impending financial doom. No kudos from me, I'd like to see him as poor as the rest of us. Not Fooled....Bob Aswell
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