Alan Greenspan Quotes
Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.
Greenspan, Alan. Interview by Jon Stewart. The Daily Show with Jon Stewart, Comedy Central, 23 Oct. 2013.
He was protesting President Truman’s appointments of old friends.
The United States had just ousted the popularly elected leader Patrice Lumumba {640611}, and backed Mobuto. Lumumba was an idealist who was not corrupt at all, but were not so sure about our new protégé. Sadly he turned out to be one of the worst kleptocrats of all time, and he stole with more United States money than we gave to many nations in toto. Many believe that one of the reasons, corruption of our “allied” leaders was so bad lies in the wording of this cable. Note that to the State Department writers there was “normal” corruption as opposed to excessive corruption. Once that view is taken there is a constant battle to determine whether each new act of corruption is “normal “ or not, and corruption is simply lessened by pushing back against the most abnormal schemes. These critics advocate a zero tolerance for corruption especially with United States AID money. The State Department has been ambivalent and have often used the corruption system to bribe leaders to obtain national objectives.
Bryan had reached the point where he advocated public financing of campaigns.
implicit in the weak ethics rules of the U.S. House of Representatives
Rove had bridged the traditional gap between the right wing Religious fundamentalists and large business, industrial, heavy donors to the party. These groups usually diverged on economic policy and cultural values however Rove had convinced both that they should tolerate the other for the sake of maintaining power for President George W. Bush who delivered enough to each to hold them in coalition. Rove’s style tended to moralize everything for the religious right including their cooperation with major exploiters of economic self-interest. Rove’s religious tactics which were so successful was a subject of great interest and analysis, especially since Rove himself was an agnostic.
She and her husband had been flown across the country for a campaign fundraiser by a private businessman in his corporate jet. Republican Speaker of the House Dennis Hastert was also on the flight. Her husband was censured for an ethical violation but Hastert was not.
Samuel Langhorne Clemens, 1835-1910
Alan Greenspan is an American economist who served five terms as the 13th Chair of the Federal Reserve of the United States from 1987 to 2006. He works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position (behind William McChesney Martin).
