Regulations Quotes



He and his brother were the largest political contributors in the United States, so they had enormous influence on Republicans (they only made political contributions to conservative organizations).


This is a very unusual quotation in that a cabinet secretary tried to discuss the method or the opposition’s analysis and thinking regarding man induced climate change. At the time the overwhelming proportion of scientists in the world had concluded that the data showed that in addition to the normal vicissitudes of climate change, there was a definite additional warming effect. Some conservatives, opposing any government action regarding global warming, found a few scientists, mostly unaccomplished who themselves did not believe the data supported the global warming hypothesis. Chu gave this rhetorical analysis.


Greenspan was not the amoral fool that this quotation makes him seem. Despite the fact that he was the most important financial officer of the country, he had an ideological faith that a free market was self-corrective in a democracy. The financial industry would police itself he believed. He also trusted the self interest of the financial corporations to restrain them from getting too greedy -- {637989}. He and many others were wrong and most Americans paid the price.