From The Union "Hardhead List"

[Max B. Sawicky]

> >But it should raise questions about
> >Greenspan's intelligence and the political orientation he brings 
> to his job
> >that he subscribes to a cult that worships capital and hates labor, no?
> 
> What central banker would subscribe to a significantly different 
> philosophy? I'm no Greenspan fan, but he's been more indulgent of a 
> low unemployment rate than many of his predecessors or colleagues.
> Doug

The latest UE rate is 3.9, by which standard AG would be
the greatest central banker in US history and a hero to
the working class.

We are reduced to theories about why he has no role in
what's going on, or why he's doing something he'd rather
not do because of external pressures.  I think there is
something in these theories, but it's not an easy case
to make.

mbs