Alan Greenspan

“Crossing The Aisle”: BiPartisanship Of America’s Presidents From FDR To Obama

A common theme in American history is the “crossing of the aisle”, the bipartisanship encouraged by just about every American President, and the utilizing of leaders of the opposition party to help make his administration successful.

Franklin D. Roosevelt had Henry Stimson as his Secretary of War from 1940-45, with Stimson having served as Secretary of State under Herbert Hoover. He also had Frank Knox as Secretary of the Navy from 1940-1944, who had been the Republican Vice Presidential nominee in 1936.

Harry Truman had Warren Austin as his United Nations Ambassador from 1947 to 1953.

Dwight D. Eisenhower had Robert Anderson in various roles, as Secretary of the Navy, Deputy Secretary of Defense, and Secretary of the Treasury, during his eight years in office from 1953 to 1961.

John F. Kennedy had Robert McNamara as his Secretary of Defense and D. Douglas Dillon as his Secretary of the Treasury and Henry Cabot Lodge, Jr. (who he had defeated for the Senate in 1952, as his Ambassador to South Vietnam.

Lyndon B. Johnson kept on McNamara, Dillon and Lodge as close advisers in his administration, after he succeeded to the Presidency upon Kennedy’s death.

Richard Nixon had Sargent Shriver as Ambassador to France, John Connally as Secretary of the Treasury, and Daniel Patrick Moynihan as Ambassador to India.

Gerald Ford had Moynihan stay on as Ambassador to India, and then as Ambassador to the United Nations.

Jimmy Carter had James Schlesinger as Secretary of Energy, and Lawrence Eagleburger as Ambassador to Yugoslavia.

Ronald Reagan has Mike Mansfield at Ambassador to Japan, Jeane Kirkpatrick as Ambassador to the United Nations, William Bennett as Secretary of Education, and Paul Volcker as Chairman of the Federal Reserve.

George H. W. Bush had Richard Stone as Ambassador to Denmark, and Robert Strauss as Ambassador to the Soviet Union.

Bill Clinton had Alan Greenspan as Chairman of the Federal Reserve and William Cohen as Secretary of Defense.

George W. Bush had Norman Mineta as Secretary of Transportation.

And Barack Obama has had Robert Gates as Secretary of Defense, Ray LaHood as Secretary of Transportation, Jon Huntsman as Ambassador to China, John McHugh as Secretary of the Army, Ben Bernanke as Chairman of the Federal Reserve, and now has pending the nomination of Chuck Hagel to be Secretary of Defense.

Notice that Obama has had more members of the opposition party in his administration than any President!

Alan Greenspan And David Stockman: Tax Cuts For the Wealthy Based On Borrowed Money Are Wrong And Do Not Pay For Themselves!

Alan Greenspan, the former head of the Federal Reserve Board, and clearly a conservative and Republican in his philosophy, was on the ABC News This Week show yesterday.

Greenspan was asked if a continuation of the Bush tax cuts was a good idea with such a tremendous deficit situation. His response was that, in theory, tax cuts are good, but NOT on borrowed money!

Greenspan also said tax cuts DO NOT pay for themselves in the sense of economic expansion!

Is there any need to go further in seeing that what conservatives and Republicans are enunciating is totally hypocritical? πŸ™

We cannot afford, supposedly, to give extended unemployment compensation to those who are long term out of work, even though giving this to them promotes spending and the creation of jobs! But we can give more tax cuts to the top two percent, even though it has been shown that in most cases these people SAVE the money, rather than spend it, and DO NOT create new jobs because of receiving more tax cuts!

To top it off, former Reagan Budget Director David Stockman came up with exactly the same prescription: that tax cuts to the wealthy top two percent on borrowed money does not stimulate the economy! Instead, economists tell us it creates a more stratified society, already the most stratified in the industrial world!

But does this affect Sarah Palin, John Boehner, Mitch McConnell, or others in the GOP? No, just keep on borrowing money and raising the deficit so that the rich can become richer, the middle class is made poorer, public services are cut, and the poor become even poorer!

Is this the kind of America we want? To think this is justice requires a warped sense of morality! πŸ™