Alan Greenspan Says Americans Are Lazy and Stupid

Oct 8, 2005
1,797
1
0
Reality
#1
He speaks the truth.

Alan Greenspan Blames The Bad U.S. Economy On The Lazy Young Work Force And The U.S. Copying China

Alan Greenspan has an interesting new take on what's wrong with the U.S. economy.

He blames the young work force -- there are "major concerns about the productive skills of our future U.S. labor force" -- and U.S. trade policy mirroring China's.

Greenspan interviewed himself (or so it appears) for the Globalist recently about how the U.S. is handling job creation. He says that the U.S. is doing it backwards by trying to increase jobs via trade policy.

"Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal."

But that is exactly what China is doing wrong, says Greenspan.

"[The Chinese] are manipulating their currency in order to get low-quality, high-labor-content products produced — for maximum employment. They are distorting their economic structure and creating long-term economic damage."

It sounds like Greenspan is primarily worried that the U.S., in its quest to create jobs quickly and get the recovery on track, will employ the young U.S. work force in easy, lower-paying, unproductive jobs. And since the young work force is unintelligent and lazy compared to the workers they're replacing, the Baby Boomers, this spells bad news for the U.S. economy.

"[Baby boomers] are being replaced by groups of young workers who have regrettably scored rather poorly in international educational match-ups over the last two decades.”

"The average income of U.S. households headed by 25-year-olds and younger has been declining relative to the average income of the baby boomer population. This is a reasonably good indication that the productivity of the younger part of our workforce is declining relative to the level of productivity achieved by the retiring baby boomers. This raises some major concerns about the productive skills of our future U.S. labor force."

Greenspan would prefer the U.S. let in more skilled immigrants instead.

"Most high-income people in our country do not realize that their incomes are being subsidized by their protection from competition from highly skilled people who are prevented from immigrating to the United States. But we need such skills in order to staff our productive economy, so that the standard of living for Americans as a whole can grow."
Of course thats not the only reason but Americans are lazy and stupid.
 

Creasy Bear

gorgeousness and gorgeousity made flesh
Donator
Mar 10, 2006
49,644
37,806
628
In a porn tree
#2
The economy sucks because Americans are lazy and stupid!

Greenspan the Great and Terrible has spoken! Pay no attention to the little dumbass behind the curtain!



Fuck you, Greenspan. Stop trying to distract attention away from your own culpability in this mess.



http://www.nytimes.com/2008/10/24/business/economy/24panel.html

Greenspan Concedes Error on Regulation

WASHINGTON — For years, a Congressional hearing with Alan Greenspan was a marquee event. Lawmakers doted on him as an economic sage. Markets jumped up or down depending on what he said. Politicians in both parties wanted the maestro on their side. But on Thursday, almost three years after stepping down as chairman of the Federal Reserve, a humbled Mr. Greenspan admitted that he had put too much faith in the self-correcting power of free markets and had failed to anticipate the self-destructive power of wanton mortgage lending.
 

whiskeyguy

PR representative for Drunk Whiskeyguy.
Donator
Jan 12, 2010
36,557
22,221
398
Northern California
#3
I agree with Kirk on this one. Can I get my "sheeple" label revoked?
 

Mags

LDAR, bitch.
Donator
Oct 22, 2004
35,606
12,281
693
Ill Repute
#4
I also agree with Conspira Sheep on this one.
 

Neon

ネオン
Donator
Mar 23, 2008
51,824
18,546
513
Kingdom of Charis
#6
"[The Chinese] are manipulating their currency in order to get low-quality, high-labor-content products produced — for maximum employment. They are distorting their economic structure and creating long-term economic damage."
No, the Chinese are manipulating things like human rights, labor rights, etc. They are not bound by pesky things like OSHA or unions (they do have unions, but they mostly belong to The Party) or minimum wage.

"[Baby boomers] are being replaced by groups of young workers who have regrettably scored rather poorly in international educational match-ups over the last two decades.”
And who is responsible for the shitty education of this group? Baby boomers. So stop acting like they are some great generation. Baby boomers fucking suck.


Of course thats not the only reason but Americans are lazy and stupid.
This coming from a person who listens to Alex Jones. Moron, heal thyself.