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Hillary Clinton's plan to fix the economy
Clinton gave a good speech on her plans to address the nation's economic woes. But do we really need more help from Alan Greenspan?
Andrew Leonard [2008-03-24]

  • Greenspan = cause of problems

    Greenspan created this mess. He cut the interest rate to 1% in 2001. Then he systematically deregulated the banking industry. Then the housing boom happened. Then he refused to regulate CDO's based on the boom. Then the deregulated doomed loans died. Then Greenspan left. Putting him on top of the economic council is like putting Condoleeza Rice on the 9/11 commission. Condoleeza's gross negligence in ignoring all the warnings from Richard Clarke brought us 9/11, Greenspan's refusal to regulate brought us the financial sector crash. Clinton has shown her true colors today. Greenspan is anything but non-partisan, he is the very height of free market fundamentalism.

    -- Jason Wolfe from Newhall
    [Read Jason Wolfe from Newhall's other letters]
    Monday, March 24, 2008 03:34 PM
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