Greenspan's a dolt

I watched C-Span's testimony today, and while he's a whiz at monetary mumbo-jumbo, he doesn't know shit about anything more macro than data-driven drivel about productivity/incentives to invest/financial shenanigans. When asked about jobs, for example, he drew a blank. When asked point-blank where a jobless American should retrain, he had no answer, none at all.
Representative Barbara Lee of California (my Godess) asked him, "Where are the jobs of the future? What do we tell our kids, who want to play by the rules, where they're going to get jobs?"
To this question, Greenspan said, in essence, I don't know.
Fact is, there was nothing in his testimony that gave heart to anyone that America was going to have a thriving economy an incoming job-seeker.
But, of course, the stock market soared on his testimony, because he said he wasn't going to raise interest rates, meaning that stocks would remain an attractive investment.
Result: The rich get richer. The poor stay poor--and jobless.