Alan Greenspan Endorses John McCain

Reuters:

There is more than a 50 percent chance the United States could go into recession, former Federal Reserve chairman Alan Greenspan told El Pais newspaper in an interview published on Sunday.

Greenspan, the U.S. Fed chairman from 1987 to 2006, endorsed the Republican presidential candidate John McCain in the interview.

"I'm Republican and I support John McCain, who I know very well and who I respect a lot," he said.

Read the whole story: Reuters

Comments

[mamacat]

After 7 years of a bad presidency, Mr. Greenspan finally spoke up about his role in it.
If McCain is elected, I wonder how many years it will take before Mr. Greenspan writes a book about how McCain's big mistake was in not listening to Mr. Greenspan's advice.

[BlazingChalice]

The architect of the Subprime crisis endorsing the enabler of the Iraqi Crisis.

Good marriage made in hell.

[ObGyn]

ROFLMAO. Didn"t Hillary just endorse Greenspan for his economic "genius" to solve the current problem? So, even he is rejecting Hillary.

[rojo7449]

He's a Republican who has never endorsed a democrat.

[Davwbaird]

Greenspam, LOL, the man is a complete fool and now disgraced.

[forpeace]

*

American Troops Going Insane--www.freedomfighterradio.net

God bless America?

Would god bless this?

http://www.youtube.com/watch?v=Tq5_vG3cYGM

*

[anniewade]

Wow...what a shocker! Who would be dumb enough to think he'd support anyone else but a republican? His insane policies have trashed the American economy and created great hardship for the lower-middle & middle class. They worked out great for the wealthy though, who are now richer than ever. I actually think this man is evil, really abhorrent, and I can't stand his obnoxious wife either. Hopefully his endorsement of McCain will prove to be the same kiss of death that his financial advice was for the country.

[tbone99]

Wow Alan - since you;re responsible for the housing crisis , did you ever think your support could be a little damaging. ?

[treadway123]

Damage control over here! Calling Lieberman, Calling Lieberman ----------------------------------Hey Lieberman where do we stand on this one? That's ok , you can just wisper it in my ear, but make sure it's the left one, I'm deaf on the right one , you see! Ya, good choice Mr greenspan. Nothing , like good publicity to help the elderly man who need to be reminded of every thing, befor he speaks.

[joebhed]

A truly great team.

[elpollo]

Greenspan should be given life and 99 years on the basis of the damage he has done to the English language.

[TheShadow]

I'm convinced: Now I know for a fact that there exists two morons in high places who don't understand ecnomics and the economy as a whole. The trouble is that one moron got us into the mess we are in, and the other will just make it worse if given half the chance.

[oafishcad]

This jerk raised interest rates right before the 2000 election to help the GOP win, then lowered them to lower than low just before the 2004 election to help Bush stay in power. Of course his partisan Republican distortions of our economy got us in the economic mess we're in now-along with the republican fiscal policy of Congress and the President. Democrats who want to win congress and the white house better take a page from the GOP winning handbook and repeat over and over and over-it was GOP fiscal policy that got us into the mess we're in. Americans need things repeated and repeated.

[moda31]

poor hillary must be heartbroken

[PrdAmerican]

HRC said she would readily put Greenspan on a committee to examine this economic disaster...that's like asking Michael Brown to head a comittee on re-structuring FEMA and US emergency response plans.

[ajax2]

Alan, the Treasury is empty. There is nothing left for you and McCain to steal.

[PrdAmerican]

Ahh, but the borrow and spend policy is a masterpiece...why tax and spend when the Chinese are willing to foot the bill....spend until you die, and let the grandkids pick up the tab.

[WIpatriot]

Exactly.

[themodernleader]

There is a clique that is in command of our financial system. This group is pampered by our elected leaders and the media. Individuals appear to have disagreements on policy. but if you listen carefully, you must conclude that they are all about supporting the same despicable policies that are bringing down our Republic.
Harvard economist Feldstein claims that he differs with the Fed on their direction. Yet, he has never mentioned a word about the need to create meaningful jobs, that is, regenerate an industrial-technological policy. And he was asked a throw away question by Bloom Business TV what he considered about the presidential candidates. He said that both Democrats vow to raise taxes, including capital gains, and that could not be good for equities and Wall Street. The implications are clear.
Our elite University professors and intellectuals are owned lock-stock and barrel by the monied class. The previleged knowledge of the university is being used to protect and further the aims of the emerging aristocracy. To hell with the Constitution. to hell with democracy. We know which side of the bread the butter is on. Historically, the intellectual has consistently sided with powerful interests over the common interests. Harvard University and other such institutions should have their tax shelters and other previleges yanked from them for committing irrreparable harm to our Republic.

[WIpatriot]

That's right, tml. If you examine the facts you will come to this conclusion.

[lisakaz]

Which "elite" professors you talking about? If you don't work in economics, I can't see how this applies to faculty I've know. Heck, I even took a class from the late Bob Eisner (a Keynsian worried about the national debt Reagan was running up in the 80s) and he hardly seemed owned by DC or any "monied class."

[mmckinl]

Yep ... Economics has become a scam to fleece the people...

The Economist Has No Clothes ...

http://www.sciam.com/article.cfm?id=the-economist-has-no-clothes

The Myth of Free Trade and the Secret History of Capitalism'

http://www.buzzflash.com/articles/hartmann/023

[glesslib]

He also endorsed adjustable rate mortgages a few years back, so I'll probably pass on his advice.