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of the looting of America by the wealthy. The Reagan tax cuts for the rich, the raising of Social Security tax and then "borrowing" the Social Security reserves for tax cuts for the rich and the Republican "gifts" to the military/Industrial complex, and then replacing those reserves with IOU's, the artificial lowering of the interest rates to increase bank profits and to push people into the stock market to inflate stock prices, not to mention promoting the housing "bubble", and on and on, were Greenspan's ideas or he implemented them.
The trade deficits, government deficits, pending housing market bust, inflated stock prices, financial losses to individual investors can ALL be explained in terms of Greenspan's advice to Republicans and his policies at the Federal Reserve.
I was pleased to see that by his questions and comments, Jon Stewart does understand what I have said here, and he was trying to get Greenspan to admit to some of it, but Greenspan showed that he is a cagey old coot and wiggled out of it by repeating the right-wing mantra.
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