Government released revised estimate for Q4 GDPInitial estimate was 2.6; revised down to 2.2Economic growth dipped from 5% in Q3 to 2.18% in Q4PMI was expecting 58.7 but plunged to 45.8, indicating contractionAlan Greenspan commented that the U.S. economy is weakGreenspan cites declining U.S. productivityPoints to declining gross domestic savings brought on by entitlement programsGreenspan refuses to blame Fed policy for productivity and savings declinesHe predicts continued low interests rates to create the illusion of wealthIn 1966, Alan Greenspan blamed the Fed and their cheap money policies for stock market bubble and economic imbalancesToday, he still believes this to be true, but no longer cares about the consequences of reckless economic policyThe Fed's job now is to just do whatever it takes to postpone the painInflating bubbles with the certain knowledge that the outcome will be bad, while pretending that they will eventually raise rates