So why is Greenspan trying to help our side?

[Quixote1818]

You have to know his statement is being put into an Obama commercial at this very moment.


Does he actually have some integrity and realizes the country can't take any more Republican voodoo economics?

What is he up to?

[amitten]

1. What statement? n/t

[Quixote1818]

9. "The Country can't take McCain's tax plan..." and

Alan Greenspan: "This Is The Worst Economy I've Ever Seen"

[Bread and Circus]

13. Yep that one too...you beat me to both... :)

[Bread and Circus]

11. He said "this is the worst economy I've ever seen" contrast to McCain's

the "fundamentals of the economy are strong" just 3 1/2 weeks ago.

It shows McCain doesn't know his ass from a hole in the ground.

[hisownpetard]

16. There's going to be a domino effect and lots of banks are going to fail. He wants to get off

the Titanic before it sinks, along with his reputation.

[54anickel]

2. He's only concerned with his own legacy. Don't read more into than what is there.

[msongs]

3. he said tax cuts bad.... without spending cuts. the spending cuts got ignored by most ppl here nt

[Cleita]

4. We have a side?

I thought when it came to this kind of stuff we are all Americans and there is no side. Maybe he's finally realized that.

[lligrd]

Protecting Himself

They'll turn on anyone to protect themselves. Going to get very interesting.

[Duer 157099]

5. If he has any hope for future sheep to fleece

he has to give them time to grow some wool back.

Besides, don't ignore the part of his warning that talks about cutting government spending on "luxury" items like social security, education, welfare, etc -- that's the sub context of his message

[WCGreen]

17. He's like 80 years old...

I don't think he cares too much about what tomorrow will bring.

Look, I don't agree with almost anything the guy has done over the last 25 years, but, he always seemed to have, at least in his mind, the best interests of the government as it relates to commerce and finance foremost in his mind.

He is all for shrinking government, but he has to know that the Democrats will parse his message in order to use it against McCain.

[dbonds]

6. I think his wife saw the light, she maybe have nudged him.

[Cha]

7. There's this..if Greenspan is speaking out then

it must really be bad and there's no way to put lipstick on it.

[still_one]

8. He is trying to cover his ass, not help us. He helped propel us to where we are

Remember, greenspan is mccain's hero

[liberalmuse]

10. He doesn't care for what Bush has done, yet...

like Powell, he played along. Have you read Paul O'Neill's book, 'The Price of Loyalty:...'? It will give you an idea of what Greenspan thinks of both Bush and Cheney, who was once a good friend of his.

[rwheeler31]

12. He is old , trying to save himself.

[Oak2004]

14. Pure and utter self-interest

Rat, exit ship.

[billyoc]

15. What does Greenspan care about the Republicans?

He did their dirty work for years, he's out now.

[mwooldri]

18. Greenspan is a hard to figure out guy.

Sure, before he was appointed Chairman of Fed Reserve, he contributed to Republican candidates... but after that no further political contributions were made that were recorded of any size.

Plus he worked continually throughout Clinton and part way into Buhs.

Mark.

[ContinentalOp]

24. He was part of Ayn Rand's inner circle.

How is he that hard to figure out?

[me b zola]

19. Our economy is about to bottom out

Greenspan doesn't want to be associated with that.

[PA Democrat]

20. Trying to save his legacy?

He does not want to be seen as one of the architects of the current financial meltdown.

[The Traveler]

21. Greenspan is the pope of the Corporatists

Do. Not. Trust. Him.

In a sane and moral world, he would be tried for crimes against humanity. He might be cleared ... but he would be tried.

Trav

[BlueInPhilly]

22. Greenspan is just telling the truth

regardless of his political inclinations. Plain and simple.

[PermanentRevolution]

23. It's all part of the pattern

The corporatist powers-that-be let the Republicans run things for a while, racking up huge profits for a select few and further stratifying society, until the blatantly infeasible Republican policies get close to causing catastrophic economic damages. Then they get the Democrats in to fix everything and actually get things working again, villifying us all the while as tax-raising anti-business socialists. Then, when things are better, they put the GOP back in charge to usher in the next golden robber-baron age of massive profits and class warfare. Repeat ad nauseam.

[curious one]

25. He wants to be on the winning side. Have you seen Andrea lately? She has gotten the clue from him.