Greenspan agrees: McCain is CUCKOO!

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    Sep 13, 2008 10:48 PM GMT
    We can't afford McCain's plan.
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    Sep 14, 2008 12:00 AM GMT
    Greenspan? So, Obama started off with "Change", and now it is just the same old crap with new rhetoric. Obama / Biden are just the same old beltway crap.

    You Democrats really don't want change, it's obvious.

    McCain / Palin, Change you can believe in.

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    Sep 14, 2008 12:33 AM GMT
    John, who do you think is in office now?

    Are you aware that McCain's positions on the economy, the war in Iraq, and health care are extremely similar to Bush's?

    Just checking.
  • SkyMiles

    Posts: 963

    Sep 14, 2008 12:39 AM GMT
    And who IS this "Green-span" fellow anyway? He'd probably just some biased librul' hack who doesn't know anything about economics anyway icon_wink.gif.
  • GQjock

    Posts: 11649

    Sep 14, 2008 2:05 AM GMT
    John43620 saidGreenspan? So, Obama started off with "Change", and now it is just the same old crap with new rhetoric. Obama / Biden are just the same old beltway crap.

    You Democrats really don't want change, it's obvious.

    McCain / Palin, Change you can believe in.



    Gallup: 68% "Concerned" About McCain's Similarities with Bush

    According to new numbers released by Gallup, one of the most respected polling firms in the country, more than two-thirds of Americans are "concerned" that John McCain will continue the policies of George W. Bush. Nearly half of those polled were "very concerned."

    http://www.kxmc.com/getArticle.asp?ArticleId=253001
  • Hunter9

    Posts: 1039

    Sep 14, 2008 2:53 AM GMT
    John43620 saidGreenspan? So, Obama started off with "Change", and now it is just the same old crap with new rhetoric. Obama / Biden are just the same old beltway crap.

    You Democrats really don't want change, it's obvious.

    McCain / Palin, Change you can believe in.



    what's funny is that you don't even try to mask the fact that you are a complete hack.

    job well done
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    Sep 14, 2008 3:44 AM GMT
    Colbert_Nation saidAnd who IS this "Green-span" fellow anyway? He'd probably just some biased librul' hack who doesn't know anything about economics anyway icon_wink.gif.


    It is obvious you're a sham . . . anyone with an ounce of reality knows that Alan Greenspan is one of the most brilliant minds of any lifetime. While the Chairman of the Federal Reserve from 1987-2006, he successfully guided the global financial markets during many years of severe turmoil and despair with astounding success thus earning him unconditional respect and admiration from leaders in the political, corporate and private arenas from around the world.
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    Sep 14, 2008 4:09 AM GMT
    Greenspan is actually a life-long Republican and a good friend of McFuckstick. Republicans are just getting nervous once again because they know their time ruling this Country is coming to an end. It's so hilarious listening to Republicans defend all the bullshit lies of McCain and his sidekick Moose-hunter.
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    Sep 14, 2008 4:11 AM GMT
    B787, Colbert knew that. He was making a joke silly
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    Sep 14, 2008 12:26 PM GMT
    Speaking of repugnican bullshit, it looks as if her trip to Iraq was bullshit too. Maybe she meant Canada.
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    Sep 14, 2008 12:35 PM GMT
    McGay saidSpeaking of repugnican bullshit, it looks as if her trip to Iraq was bullshit too. Maybe she meant Canada.


    I should hope she has been to Canada, she lives right next door to the Yukon! Maybe she went hunting.

    As for Greenspan's comments about McCain's tax cuts I am not surprised, although a Republican he is a fiscal conservative. John McCain used to be but being so close to the "Golden Snitch" has made him "change" some of his long-held beliefs. Cozying up to Christian Fundamentalists, supporting tax cuts that he initially opposed. Makes me realize that politicians are the same everywhere. They will say and do anything to get into power.
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    Sep 14, 2008 9:40 PM GMT
    GREENSPAN: "THIS IS THE WORST ECONOMY I'VE EVER SEEN"

    Former Federal Reserve Chairman Alan Greenspan offered a woeful outlook of America's economic situation on Sunday, saying the crisis with the country's financial institutions was as dire as he had ever seen in his long career, and predicting that one or more of those institutions would likely collapse in the near future.

    "Oh, by far," Greenspan said, when asked if the situation was the worst he had seen in his career. "There's no question that this is in the process of outstripping anything I've seen and it still is not resolved and still has a way to go and, indeed, it will continue to be a corrosive force until the price of homes in the United States stabilizes. That will induce a series of events around the globe which will stabilize the system."

    Appearing on ABC's "This Week," Greenspan would not definitively say whether the government should come to the rescue of Lehman Brothers, which has been forced to consider a possible sale after its stock shares plunged drastically this past week. Instead he called the situation surrounding the investment bank -- and the bailout that occurred this past spring of Bear Stearns -- as a "once in a half century, probably once in a century type of event."

    The circumstances for Lehman may, as Greenspan noted, be different. Bloomberg News reported on Friday: "Rising speculation that Lehman Brothers Holdings Inc. may fail is generating less concern among investors than when Bear Stearns Cos. imploded in March."

    Much of the issue, Greenspan added, was the trouble in the housing market, which he predicted would become stabilized by next year. Pressed by host George Stephanopoulos as to whether another major financial institution -- such as the struggling Washington Mutual, American International Group, or Merrill Lynch -- would fail in the interim, the former Fed chair responded in the affirmative.

    "I suspect we will [see one fail]," he said, "but in and of itself that does not need to be a problem. It depends on how it's handled and how the liquidations take place. And, indeed, we shouldn't try to protect every single institution. The ordinary cost of financial change has winners and losers."

    In light of these dynamics, Greenspan noted that the government was left with tough decisions: which institutions are "so fundamental to the functioning" of society that they demanded a federal safety net? Earlier in the week, the former fed chairman noted that such choses extended to tax policy as well.

    In an interview with Bloomberg Television, Greenspan argued that the country couldn't afford the tax cuts being proposed by John McCain without an equally massive reduction in spending.

    "I'm not in favor of financing tax cuts with borrowed money," he said. "I always have tied tax cuts to spending."