Alan Greenspan Endorses John McCain

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.

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

Good marriage made in hell.

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

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

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American Troops Going Insane--www.freedomfighterradio.net

God bless America?

Would god bless this?

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

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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.

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

A truly great team.

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

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.

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.

poor hillary must be heartbroken

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

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.

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

Well how can that be? Clinton wants him to work with her. I guess he didn't get the memo. Greenspan and McCain... A matched set.

How can this supposed "economic genius" actually support the failed economic policies of this man and his predecessor? What an old school fool............

,At a recent meeting with the Wall Street Journal editorial board, Republican presidential candidate John McCain admitted he "doesn't really understand economics" and then pointed to his adviser and former Senate colleague, Phil Gramm - whom he had brought with him to the meeting - as the expert he turns to on the subject, The Huffington Post has learned.'

http://www.huffingtonpost.com/2008/01/21/short-on-economic-underst_n_82529.html

That John McCain? Or maybe Greenspan's thinking of a different one.

Is 100% "more than 50%?" I'd say so.

How on god's green earth can any economist who values his integrity ignore ALL empirical evidence of the abject FAILURE of Republican economic policies to endorse John McSame?

Fercrissakes.

Booms during Democratic administrations are "irrational." Booms during Republican administrations -- even when bought with debt on our children's heads? Sound economic policy.

Greenspan's epitaph should someday read,
"I have run out of irrational exuberance."

The supply of his bullsh*t has exceeded the demand.

Susie Orman on Larry King blamed Greenspan. This is good for us, the old codgers share the same economic vision, and policy that got us into this mess.

Greenspan has just proven his irrelevance and his self-interest in maintaining the status quo regarding financial regulation. I'm sure any credible inquiry into exactly how we got ourselves into such a financial pickle as a nation would lead right to his door.

I heard an interview with Greenspan a few months ago, and he not only said there was a greater than 50% chance of a recession, but he said there was an almost equal chance of stagflation.

And for anyone who is unsure what the difference between recession and depression is, the only real difference is how they are pronounced. There's an old economist's joke that explains the difference a little better - "A recession is when YOU lose YOUR job. A depression is when I lose MY job."