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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Busted on September 15, 2008, 03:05:34 PM
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Former Fed chairman Alan Greenspan was on Sunday’s “This Week” and told George Stephanopoulos that the current financial crisis is a “once in a century” eventwhich he wouldn’t bet on leading anywhere except to recession. Gloomily, Greenspan explained how US house prices, now in freefall, underlie the US government paper that permeates the world economy - and that consequently the rest of the world is suffering even more than America is from a home-grown US financial collapse.
And, on Saturday the Associated Press reported remarks by Greenspan that clearly indicate he doesn’t think John McCain is the one to steer America and the world through that collapse.
“Unless we cut spending, no,” the former Federal Reserve chairman said Friday when asked about McCain’s proposed tax cuts, pegged in some estimates at $3.3 trillion.
“I’m not in favor of financing tax cuts with borrowed money,” Greenspan said during an interview with Bloomberg Television. “I always have tied tax cuts to spending.”
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Ok. But isn't Greenspan ultimately responsible housing debacle we're in right now? I like Greenspan but his words don't hold as much weight as they used to.
I happen to back Obama's tax cut plan.
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Ok. But isn't Greenspan ultimately responsible housing debacle we're in right now? I like Greenspan but his words don't hold as much weight as they used to.
I happen to back Obama's tax cut plan.
oh the "take from the rich, and give to the poor" plan. figures "negro"
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this government bailing out of financial institutions needs to stop i.e. fannie mae / freddie mac. those guys fucked up and gave 800k home loans to people who made 40k a year. let them pay the price for it.
and mccains tax cut plan is retarded
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mccain actually has been speaking out on the bailouts for ove a year now. he's one of the rare repubs who doesn't believe in bailouts.