The Word "Clinton" Appears Twice in Alan Greenspan's "The Map and the Territory"
Alan Greenspan: The Map and the Territory: Risk, Human Nature, and the Future of Forecasting:
Economic growth that creates new job openings does assuage the pain of job loss, but only up to a point. Through much of the twentieth century, we sought ways to contain the pain of the capitalist process. The most universally advocated was job retraining for job losers. In 1992, President Bill Clinton, however, described such government initiatives at the time as a “confusing array of publicly funded training programs.”21 Regrettably, my experience is that the political issue is not the outcomes of job training programs but whether the politician who advocates them gains electoral popularity as a result. This is the reason why there have been so many different overlapping job training programs on the books that lost their relevance years ago and should have been discarded. Community colleges appear to be doing a much better job...
Since 1969, during the Republican administrations, social benefit spending rose by 10.4 percent annually (Reagan’s mark was 7.3 percent). Meanwhile, “spendthrift” Democrats since 1965 oversaw a “mere” 8.1 percent annual increase (Clinton’s was 4.5 percent). Of the overall rise, 40 percent occurred during the twenty years of Democratic administrations and 60 percent during the twenty-eight years of Republican administrations. This seeming political anomaly was explained to me by President Richard Nixon (who introduced automatic indexing of Social Security benefits in 1972): “If we (Republicans) don’t preempt the Democrats and get the political credit, they (the Democrats) will.” Much to my retrospective distress, neither presidents Ford nor Reagan, for whom I worked, could or would effectively constrain... benefits...
It is not clear to me that Clinton would agree with Greenspan that we ought to give up on job-retraining programs and simply let the community college system deal with it.
And I suppose from Greenspan's perspective his:
during the Republican administrations, social benefit spending rose by 10.4 percent annually.... (Clinton’s was 4.5 percent).... Much to my retrospective distress, neither presidents Ford nor Reagan, for whom I worked, could or would effectively constrain... benefits...
is the equivalent of him standing up and yelling from the rooftops: "I've been voting for the wrong guys for 65 years!"
But it would be nice if that were said more explicitly--it's worth a page, or a chapter--and not four words inside parentheses that then need to be unpacked via a Straussian reading.