Here's the short list of the people most responsible for creating the conditions that led to chaos in the financial sector that plunged the larger economy into the Great Recession IMHO:
(#1) Alan Greenspan
(#2) George W. Bush,
(#3) Henry Paulson
So who did Meet the Press turn to for sage advice on the current economy? Alan Greenspan, and Henry Paulson! Both are glaring failures at assessing economic conditions, and trends. These two rigid free market ideologues still cling to their failed ideology of market fundamentalism. Both made ominous predictions about the growing deficit, while at the same time both embraced the contradictory notion that we mustn't raise taxes on the wealthy.
'Meet the Press' transcript for February 7, 2010
MR. GREGORY: My question is whether the Bush tax cuts expiring is a bad idea.
MR. PAULSON: Well, I've got to say, anything right now that is going to, that is going to, in effect, be a, a, a tax increase has got to be--has got to be questioned. And an expiring tax cut is a tax increase.
MR. GREGORY: Dr. Greenspan, the tax cuts?
MR. GREENSPAN: Well, I, you know, I, I agree with what Hank is saying...
Of course a lap dog like David Gregory wasn't about to ask a follow up question to try to explore this contradiction.
So what did the old fraud Greenspan suggest instead?
Slashing Social Security.
...We have to recognize the fact that one of the things that we have to do, as tough as it's going to be, is that benefits are going to have to be paired in conjunction with tax increases to resolve this very serious long-term budget problem.
I find it astounding that NBC would present these two architects of of our current economic disaster as economic sages, without any reference to their roles in creating the disaster in the first place.
Sadly this free market fundamentalist nonsense is now what passes as expert economic analisys in the American MSM. Is it any wonder why our democratic institutions are in crisis with a press that doesn't tell us the truth?