Political Quotes

“we are experiencing the longest economic expansion in the history of this country. As of the end of January, we underwent 107 consecutive months of economic growth. Much of this can be attributed to the economic policies of Federal Reserve Chairman Alan Greenspan. In the midst of this unprecedented prosperity, it's easy to say, let's not change anything. Let's not rock the boat. Things are great, why rain on the parade? Why even ask tough questions that might upset the delicate and fine-tuned mechanism of the economy? But I think that we have to ask those questions. Today the Senate is considering the President's nomination of Mr. Greenspan to his fourth consecutive four-year term as Chairman of the Federal Reserve Board of Governors. In my opinion, if we are to confirm him to serve in that post again, we should not do so simply to reward him for the good that he has accomplished over the last few years--we should only do so because we think that he is the best person for the job for the next four years. In making that decision, we have to take a hard look at everything that has happened under Chairman Greenspan's watch--the bad as well as the good. We are considering him not only for his views on the economy, but for his ability as a manager, as the head of the largest, most powerful institutions in the world. Viewing his record as a whole, Mr. President, I am not convinced that Chairman Greenspan is the best man to guide the Fed for the next four years.”