'Worst crisis since World War II'Alan Greenspan, a staunch, life-long Republican sure has a way of telling it like it is.
The current crisis rocking the markets and global economy could turn out to be the worst since World War II, former US Federal Reserve chairman Alan Greenspan said in remarks published Monday.
"The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War," Greenspan said in a Financial Times commentary.
Who could ever forget when he slammed all the Reagan-revisionists when he so eloquently stated in his recent book;
"The hard truth was that Reagan had borrowed from Clinton, and Clinton was having to pay it back. I was impressed that he did not seem to be trying to fudge reality to the extent politicians ordinarily do. He was forcing himself to live in the real world."And then, after eight years of economic prosperity the country elected another phony-conservative, George W. Bush who in the same mold as Reagan and his daddy, ran up another 4-5 trillion in debt ...
And to think, we still have Bush-Sheep saying the economy is 'booming'. Even Idiot Boy now knows differently.
I think Greenspan is trying to tell the country something. We should probably listen.