The only virtue of Greenspan's remarks is that he now agrees that there is no reason to expect the social security system to go broke and therefore no great need to "reform" it. Maybe this will break the back of this increasingly ridiculous push to privatize that has hypnotized all kinds of opinionmakers in Washington, despite the contrary evidence that has been staring them in the face for quite some time. Barkley Rosser -----Original Message----- From: Carl Remick <carlremick at hotmail.com> To: lbo-talk at lists.panix.com <lbo-talk at lists.panix.com> Date: Wednesday, February 14, 2001 9:36 AM Subject: Re: U.S. not in recession, says Greenspan
>>U.S. not in recession, says Greenspan
>>
>>The New York Times 2/13/01
>>
>>Washington -- While warning that the economy still faces substantial
risks,
>>Fed Chairman Alan Greenspan said Tuesday that the United States is not in
a
>>recession and that the current downturn could prove to be as short as it
is
>>sharp.
>
>Another weapon from the Fed's countercyclical armamentarium: the jawboning
>of an ass.
>
>Carl
>_________________________________________________________________
>Get your FREE download of MSN Explorer at http://explorer.msn.com
>
>