filed under America | Economics | Election 2008 | Finance | World News
Greenspan: We’re fucked
11:06AM ON
09/17/2008
BY
Ari Savitzky
Lehman’s toast. AIG needs a massive bailout. Just another day in the slow and steady collapse of our financial system..
Adding insult to injury, former Fed Chair and de-regulation advocate Alan Greenspan has come out and basically said we’re totally screwed, at least in the immediate future.
[youtube:http://www.youtube.com/watch?v=fO9idrZs30M&e]
Don’t worry, though, John McCain says the fundamentals of our economy are still strong. Translation: I own 15 houses.
Greenspan, for his part, had this to say about McCain’s plan to extend the Bush tax cuts: “I’m not in favor of financing tax cuts with borrowed money.” A little late for that, eh Alan?
September 17th, 2008 at 1:57PM
joe bernstein Says:
And Obama took money from the CEO of FreddieMac-let’s face it,the big money boys basically own Washington.Neither McCain nor Obama seem to have any good specific answers for the economy,and Palin sure doesn’t.Biden has been in the Senate for 36 years and as far as I know didn’t do much to solve economic problems.
The only candidate this election cycle with solid economic knowledge was Romney,but the Republicans were afraid to pick him because he was a Mormon.What bullshit.The Democrats ran a Jew in 2000 and still got more popular votes.What is the thing about Mormons.I’ve known quite a few and the only thing I noticed is they don’t use alcohol,tobacco,or caffeine.Is that a problem?
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September 18th, 2008 at 10:05AM
jwest Says:
Well, you were in the INS for many years and as far as I know we still have illegal immigrants. Do we get to write you off?
Romney is a serious supply-sider. His economic policies would only make this situation worse. In the last 8 years, we’ve seen an unfettered test of supply-side economics. They don’t work. Free-market capitalism is the opposite of communism, and just as workable in the real world.
And, no, the problem with Mormons isn’t their abstinence - it’s the magical underpants.
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