TLP: Why Is That Man Talking In Public?
Credit: Dan Lacey, Painter of Pancakes
Or was that the Easter Bunny? Does anyone believe in either of them at this point?
Let's let Joseph Berger lay it out for us in the NYT. (Why Berger? Did Sewell Chan overdo it on Peeps and chocolate eggs?)
Alan Greenspan, the former chairman of the Federal Reserve and a self-described Republican libertarian, on Sunday reinforced increasingly confident assessments by the Obama administration that the nation’s latest job numbers reveal a resurgent economy.
“There is a momentum building up which is really just beginning, and it’s got a way to go,” Mr. Greenspan said on ABC’s “This Week” television program, when asked about Friday’s report that 162,000 jobs had been created in March.
Mr. Greenspan pointed out that corporate investment in new equipment “is coming back in a fairly substantial way” and that purchasing managers are building up product inventories for the first time in months.
“The momentum is very clearly there, and I doubt very much that we’re going to run out of that momentum until very late in the year,” he said, adding that the odds that the country would plunge anew into a recession have fallen significantly.
I know another AG who's a Republican libertarian, of the "raging" variety, and she might have a word or two to say about all this. Greenspan does tend to get her lathered up, and not in a good way.
Suffice it to say that every time somebody puts a microphone on the Maestro and points a camera at him, he wastes what someday will be dying gasps, taking another stab at trying to salvage something of his long-gone reputation.