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Greenspan to Stephanopoulos: This is 'By Far' the Worst Economic Crisis He's Seen in His Career

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September 14, 2008 11:07 AM

ABC News' George Stephanopoulos Reports: Former Federal Reserve Chair Alan Greenspan said this morning that this is "by far" the worst economic crisis he has ever seen. "There's no question that this is in the process of outstripping anything I've seen, and it still is not resolved and it still has a way to go," he said in an exclusive "This Week with George Stephanopoulos" interview.

Greenspan also noted, "let's recognize that this is a once-in-a-half-century, probably once-in-a-century type of event."

Looking ahead, Greenspan changed a previous prediction on whether the economy is headed towards a recession. When asked if the chances of escaping a recession were greater than 50 percent, Greenspan responded "no, I think it is less than 50 percent." But in a "This Week" interview last December, Greenspan predicted "that the probabilities of a recession have moved up close to 50 percent, whether it's above or below is really extraordinarily difficult to tell. I think it's correct.

On the fate of investment bank Lehman Brothers, Greenspan said he did not know enough of the details to comment on whether the government should step in and help. However, when asked if we will see the failure of more financial institutions, Greenspan affirmed "I suspect we will."

"But in and of itself that does not need to be a problem," he explained. "It depends on how it is handled and how the liquidations take place.  And indeed we shouldn't try to protect every single institution.  The ordinary course of financial change has winners and losers."

September 14, 2008 | Permalink | User Comments (220)

User Comments

guess you republicans are lookin for anything to double talk your way out of things by covering up the truth and spreeding lies about Obama putting words in this mouth and basicly doing everything to spear the democrats and then attack us for tryin to fight back!!McCain/Pain havn't said and done anything but put Obama/biden down to make themselves look better which had been used time and time again.

wake up america!! votr for someone who will stand up for the middle class and change what has been happening the last eight years!! McCain/palin aren't going to change anything and haven't even explained their platform and I can't wait for the debats and hope Obama/biden call them on all their cards!!!

Posted by: jenn | Sep 14, 2008 11:19:04 AM

Yeah, notice there are no troll comments on this one. The truth hurts... republican economic policies putting us ALL in danger whether we voted for them or not. Please people, wake up!

Posted by: Leslie | Sep 14, 2008 11:35:59 AM

Yeah, notice there are no troll comments on this one. The truth hurts... republican economic policies putting us ALL in danger whether we voted for them or not. Please people, wake up!

Posted by: Leslie | Sep 14, 2008 11:35:59 AM

Oh jenn, I can't wait for the debates either. Unlike you, tho, I don't hope McCain/Palin will show the other two for who they are. I know they will. Hey Obama needs your change. It's his new campaign slogan.

Posted by: Kitty | Sep 14, 2008 11:37:07 AM

The policies of the Republican Party are broken. We cannot afford to be in Iraq, Afghanistan and Pakistan. And yes,Iran as well as we have Special Ops forces in country assessing Irans capabilities and vulnerabilities. Our economy is ruined, banks are collapsing on a weekly basis, The Treasury has taken over Fannie mae and Freddie Mac and the auto manufacturers are seeking government bailout as well. Many people in the north will not be able to afford to heat their homes this winter due to the high heating fuel costs.Yetthere are people out there who are willing to vote McCain - Palin and continue these disasterous policies. Please open your eyes and support Obama, let's hae a change!

Posted by: Snoop | Sep 14, 2008 11:38:14 AM

Yeah, notice there are no troll comments on this one. The truth hurts... republican economic policies putting us ALL in danger whether we voted for them or not. Please people, wake up!

Posted by: Leslie | Sep 14, 2008 11:38:31 AM

All this shows is that Greenspan left a mess when he retired, and that the Democratic-controlled Congress compounded the problems by doing NOTHING over the past two years.

Posted by: RKH | Sep 14, 2008 11:46:05 AM

Wait a minute. Greenspan says this is the worst economic crisis he has ever seen, probably a once in a century event, but it might not be a recession??

Please explain.

Posted by: jock59801 | Sep 14, 2008 11:50:16 AM

The decline in the economy coincides with the Democrats taking control of Congress.

Think people.

Posted by: JA | Sep 14, 2008 11:52:54 AM

This is why Democrats hold the lowest approval rating in history. Only in placed Republicans run the state such as Florida and Texas is the Economy booming. But in Democrat created cesspools such as Chicago Illinios the place Obama is in charge of is not only the murder capital of the world. Almost 2 out of 3 blacks are unemployed thanks to Obama and his PAY to PLAY politics with REZKO or the Media afraid to report that on Obama the scum bag

Posted by: fartty | Sep 14, 2008 11:54:16 AM

This is not saying much for Greenspan himself since he may of created the mess we are in now for not putting a lease on the economy while he was in office. Now we are in a market correction

Posted by: fartty | Sep 14, 2008 11:56:29 AM

How bad does it have to get before they wake up?

The Republican base is the backwash at the bottom of the glass. They will support any RNC PIG no matter how immoral and deceitful they are.

The RNC policies have WRECKED our economy and yet they are running McCain who will give us 4 more years of the same failed economic policies.

Sarah Palin LIED about visiting the troops in Iraq, a spokesperson for the Republican vice presidential nominee confirmed Saturday.

If Obama did such a thing his campaign would be over.

Palin is an AIP supporter and her husband was an AIP member who would REMOVE A STAR FROM THE US FLAG.

Posted by: John | Sep 14, 2008 11:58:21 AM

George Stephanopoulos get back to reporting the real news instead of opinions of people. What are you a talk show host like Oprah trying to help out your boyfriend Obama

Posted by: dean jan | Sep 14, 2008 11:58:37 AM

The stock market took a plummet the moment it became clear, earlier in the year, that Barack Obama would likely win the Democratic primary. And common knowledge, at that time, was that the Dems were a shoe in for victory.

Posted by: JA | Sep 14, 2008 12:00:15 PM

McCain's financial adviser, former Sen Phil Gramm is a major cause for the problems by deregulating futures trading and financial institutions. Gramm removed the laws put in place to prevent another "Great Depression" Do a search on Gramm and foreclosure, subprime, Enron, speculators

McCain said Gramm is a genius economist and McCain has said he does not understand economics

This is too serious for McCain that loves fighting wars, but will not answer questions about policy

What has McCain accomplished during 26 yrs in Congress?

Posted by: Julie | Sep 14, 2008 12:02:12 PM

And we can thank Greenspan for it! He began the expansion in the first place. And left the recession for "Helicopter Ben" to manage throwing more credit out on the market. What happens when you have easy credit, defaults and predatory lending. The banks get bailed out while the debtors lose everything, nad the taxpayers get the bill. Thnks Greenie! Now take your tv wife, and GO AWAY!!! Your lucky you are not in jail. You just might want to leave the country. No worry, WE will still be stuck here paying for your sin.

Posted by: argh! | Sep 14, 2008 12:03:16 PM

I wish someone would tell me how a minuscule 2-point change in interest rates can be the biggest calamity to befall the United States economic system.

In the past 200 years, interest rates have changed by far more than that in far shorter a time period - yet the financial institutions didn't collapse.

Obviously risk-management was not a specialty of the mortgage community - propping up housing prices that I estimate to be about 500% of what they should be (I mean really, should a 1200 square foot home on a 6000 square foot lot really be "worth" a million dollars in the bay area?).

I say let the whole system collapse and let housing prices fall to where they belong (in the 100K range) and let the banks that lend responsibly survive.

Posted by: Susan DeOrnelias | Sep 14, 2008 12:03:21 PM

George Will said, with a straight face, even, that he would have flunked the Bush Doctrine question. Hey George, your memory fading, or what???

The Bush Doctrine At Risk. By George F. Will Sunday, June 22, 2003; Page B07 Washington Post.

Even McCain surrogates will lie through their teeth and expect us all to believe them.

Posted by: David Hart | Sep 14, 2008 12:03:52 PM

This is the GOP's mythical Reaganomics crashing and burning in spectacular fashion.

The world turned into one rancid speakeasy ruled by chronic gamblers and get-rich-quick schemers, willing to play anyone as a mark under their New World Order.

And McCain promises more of the same.

Posted by: Becca | Sep 14, 2008 12:04:28 PM

ok, just out of curiosit, why do you democrats on here think its the republicans fault for the economic crisis? please explain your thoughts instead of just jumping on the bandwagon..

Posted by: tim | Sep 14, 2008 12:05:34 PM

what ticks me off about these buyouts is that the useless CEO who gave us the mess and ran the bank into the ground get to leave with golden parachutes while the employees are left with nothing.
When are we going to stop giving welfare to corporations and CEOs while the average person starves and is in trouble.
I am so sick of this republican economy and it's all for the rich.
Talk about elitists!

Posted by: vwcat | Sep 14, 2008 12:09:18 PM

An economic crisis after two Republican administrations? Sounds familiar. Let's see. The Great Depression in 1929 started after two and into the third Republican administration. The recession of early 1990s started after two Reagan administrations and into the third republican administration. Now again. Some record these guys have. However, I would not be surprised if this country votes Republican again. Stubborn and stupid.

Posted by: Alex | Sep 14, 2008 12:09:52 PM

why should we stop giving corporate welfare and not personal welfare? do you realize how many billions we have wasted on that little democratic plan? its the same exact thing, but you "sympathetic" people on the left dont see it everyday, and dont see the money thats wasted on it so its ok. welfare in general is a waste. a complete waste.

Posted by: tim | Sep 14, 2008 12:11:58 PM

JA wrote:
The decline in the economy coincides with the Democrats taking control of Congress.

Boy are you dumb! The economy starting falling apart by the time the democrats got to congress and too late for them to do much. Besides, anything they can do has been filibustered by the elitist republcians.
this is the result of 30 years of failed republican policies and the failed trickle down theory that also caused the Great Depression in the 30s.

Posted by: vwcat | Sep 14, 2008 12:12:10 PM

i would rather vote for another republican than give a vote for socialism anyday. as a matter of fact, i think thats what i will do again.

Posted by: tim | Sep 14, 2008 12:13:33 PM

As a republincan I have to be honest. Plain interview was a disater. I just dont undestand why she was not better prepared. I am starting to belive that really says what ever!!! Take it from a hard core republincan Palin is not fit to me commander in chief. I was supposed to fell more confrtable with her after the interview instead I fet like she is just a an empy suit. Waht really bothers me is the honest factor. I dont think shes been honest. I am sorry I will put America first and that is by not voting for her.

Posted by: Diane R | Sep 14, 2008 12:13:45 PM

I watched the Gibson interview with Palin. She was shrill, rigid, nervous, and clearly out of her depth. How could McCain try and put her a heartbeat away from the Presidency? That's the real question. At least Obama made a rational choice when he picked Biden, whom even Republicans consider an expert on foreign affairs. Yes, I am also a republincan who is not being fooled by this palin hype.

Posted by: Linda Hoffman | Sep 14, 2008 12:16:19 PM

ahhh, have you seen the majority of the bills the democrats have tried to get passed in the last two years?! all of you on the left, have been fooled yet again by your own. the majority of the bills on the big issues , have been completely outrageous, or had just one element in them that was outrageous, therefore not even given a chance to pass. and they did this on purpose!!! they did this for this exact reason. so it made the average "mindless" american believe it was the REUBPLICANS holding up progress. well, im not one of those mindless americans. i realize what they have done in order for your vote and its shameful. to hold up any major progress so they can get votes. its not going to work this time.

Posted by: tim | Sep 14, 2008 12:18:32 PM

diane...

first off, palin is not running for president.. lol secondly, do you actually think barack obama is better prepared than her?! wow....

Posted by: tim | Sep 14, 2008 12:19:55 PM

tim - "why do you democrats on here think its the republicans fault for the economic crisis? please explain your thoughts instead of just jumping on the bandwagon.."

One word: deregulation

Posted by: jock59801 | Sep 14, 2008 12:23:27 PM

tim writes - "i would rather vote for another republican than give a vote for socialism anyday. as a matter of fact, i think thats what i will do again."

Socialism? Is that what you are afraid of? Ok let's see. What do you call no-bid contracts worth billions of taxpayer dollars? A free market? Bear Sterns bail out? Freddie/Fannie bailouts? Prohibition to bargain with pharma companies for best price on medications? Protectionist steel tariffs? Oil companies tax subsidies? Punish seniors for going to Canada to buy cheaper medicine? Who brought us all this nonsense?

Socialism is when government owns all the property and plans all business in the country. I have not heard Dems advocating that.

Fashism is when corporations have government in their pocket. You are gonna vote for some kind of an "ism" in any event. Don't fool yourself.

Posted by: Alex | Sep 14, 2008 12:24:37 PM

There’s something I notice about NObama in every speech he delivers it is heavily covered by the media; “he’s close and yet so far.” He connects with the people for a few minutes like a good lecturer but once a person leaves the lecture room, they can’t remember a damn thing what the lecturer talked about. He also talks down on people, he puts a distance between him and his audience, like a professor to his students. NObama cannot relate to a common man but he expects you to believe whatever he says and you have no right to question him. He made him self into an icon, untouchable in so many ways. But the more people know about him, the less they like him; due to the fact NObama is speaking in another world, he uses a language foreign to a lot of people. It is English but the way he talks, makes you feel inferior, you’re beneath him. That is my summation of NObama.
NO WAY NO HOW NO VOTE NOBAMA

Women are the majority and we REJECT obama!! WE will protest the Undemocratic party this election and N.O.T. Nothing on top of the undemocratic ticket..empty. NOBAMA!!

I WILL VOTE McCAIN/PALIN.

Posted by: HP Boston | Sep 14, 2008 12:25:31 PM

This is why Democrats hold the lowest approval rating in history. Only in placed Republicans run the state such as Florida and Texas is the Economy booming. But in Democrat created cesspools such as Chicago Illinios the place Obama is in charge of is not only the murder capital of the world. Almost 2 out of 3 blacks are unemployed thanks to Obama and his PAY to PLAY politics with REZKO or the Media afraid to report that on Obama the scum bag

Posted by: fartty | Sep 14, 2008 11:54:16 AM

---------------------------------
EXACTLY!!

Posted by: HP Boston | Sep 14, 2008 12:27:22 PM

Of course Barack Obama is better prepared than Palin. He has been living with these issues for years. He has an insatiable curiosity. And he is U.S. Senator. I have nothing against Palin, but she obviously does not know the issues or the world as well as Obama. And with Biden being the most knowledgable of the four, they make a pretty good team.

Posted by: jock59801 | Sep 14, 2008 12:28:35 PM

Greenspan is most singularly responsible for our current economic catastrophe. Amongst other disastrous decisions, he encouraged the widespread irresponsible behaviour by the banks and mortgage companies leading to the subprime debacle. The biblical message is that money must never be made available so cheaply. With all of his knowledge and at the end of his career, why didn't Greenspan understand this?

Posted by: ikas | Sep 14, 2008 12:28:59 PM

jock...

ok, this is my point. im a conservative, not a republican. that being said, i am just as disgusted with what the republicans have been as of late. and you're right. thats PART of the problem. but you know what i hate? i hate people who come in here and blame everything on what party or the other. those who actually believe it has been the last 8 years alone that have brought on this crisis. its just not that simple. there are many factors that have brought this on from the changes that were made under the clinton administration that made predatory lending a ton easier, to alan greenspans work in the past decade or so. our government wastes SO MUCH money, the average american ha no clue. and it simply cant be blamed on one party or the other as they would lik us to believe. thats not to say they both dont have their faults, but to come in here and throw the generic "the last 8 years have been a disaster" idea out there is cheap andshows that person isnt looking at the big picture. thats my point.

Posted by: tim | Sep 14, 2008 12:29:16 PM

alex...

you're right, ive been fooled.

Posted by: tim | Sep 14, 2008 12:30:14 PM

HP Boston

Your inferiority complex is hardly a good reason for any of the rest of us to avoid Obama. He makes sense to us.

Posted by: jock59801 | Sep 14, 2008 12:31:24 PM

first off, palin is not running for president.. lol secondly, do you actually think barack obama is better prepared than her?! wow....

Posted by: tim | Sep 14, 2008 12:19:55 PM

-------------------------------

I think Obuma is ill prepared to be GOVENOR OF ALASKA!!
I am so concerned about the money and media baking of Obuma, it is a dam

CRUSADE!!!

Posted by: HP Boston | Sep 14, 2008 12:31:30 PM

Greenspan should know he was part of the rape of America the last 15 years. Nothing well ever " Change " until the States take back the power from Congress.

Posted by: Tomjoad1776 | Sep 14, 2008 12:32:59 PM

hpboston...

good point. also look at the top 20 cities in america on the poverty list. i believe it was 16 or 17 of those have had a overwhelming democratic prescence over the years.

Posted by: tim | Sep 14, 2008 12:33:47 PM

tim

I agree, this has been a long time coming, and the Democrats have often been complicit with the deregulation and regressive trends of the last 40 years. We're trying to change that, and it will be a lot easier to do under an Obama Administration than a McCain Administration.

Posted by: jock59801 | Sep 14, 2008 12:35:06 PM

I think Obuma is ill prepared to be GOVENOR OF ALASKA!!
I am so concerned about the money and media backing of Obuma, it is a dam

Crusade!!!

Posted by: HP Boston | Sep 14, 2008 12:35:33 PM

Republicans are responsible because of their trickle down economy, something Reagen started. Trickle down pliloosophy of giving the corporations large tax breaks and in turn companies would create more jobs, but what happened is corps got greedy and shipped jobs overseas and gave CEO's huge salaries. So our trickle isn't trickling anymore!

Posted by: Jeanette Owca | Sep 14, 2008 12:35:41 PM

if we are on the subject of economics, i realize there are issues. but how can obama sound good? i just dont get it? do you see what he wants to do to taxes? personal and corporate? capital gains? you think jobs are leaving now?! just wait if this idiot gets in there. he should refer to the jimmy carter years, because thats exactly what he's looking at. this, while we are in alot worse shape globally. beginning of the end.

Posted by: tim | Sep 14, 2008 12:36:33 PM

As far as I can tell, this economic crisis is not so much a reflection of the ineptitude or corruption of one or another political party, but a reflection of a corrupt financial industry which ran (and continues to run) amok in an economic system with too little regulation and oversight. I'd say if we're going to finger-point we should be looking in a mirror. We _are_ America.

Posted by: icancanu | Sep 14, 2008 12:36:35 PM

HP Boston

Your inferiority complex is hardly a good reason for any of the rest of us to avoid Obama. He makes sense to us.

Posted by: jock59801 | Sep 14, 2008 12:31:24 PM

-----------------------------
You simply have an inferior candidate.

Posted by: HP Boston | Sep 14, 2008 12:38:45 PM

When Bush took office we had a surplus of funds now, we are in an economic ditch trying to dig ourselves out. The buck stops with Bush and a congress that was Republican controlled for most of his 8 years in office. I know you like to spin the truth, but the truth will set you free. Just admit that the trickle down theory has TRICKLED OUT! We need a change and a fresh look at the problems this country has, and an assimilation of the brightest minds to determine how to solve them. We need intelligence and experience. Obama & Biden.

Posted by: Yvonne Mitchell | Sep 14, 2008 12:41:08 PM

jock...

i feel the same way, just on the other side.. lol i agree, as a conservative, i want to march down to capitol hill and let them know we arent going to take it anymore!!! and you know what? its going to get to that point i believe. americans are going from irritatd to pissed off. it may take one or two more big downfalls (which is inevitable) and it HAS to happen. but economics is just one issue i dont see eye to eye on with the dems. as mant problems as the republicans have, we the people can nfluence them and thats just simply not happening. economics is just one issue i disagree. to sit and listen to obama talk about taxes all day long and never about decreasing spending sickens me!!! at least lie to me and SAY you wont spend more money, jeez.... lol

Posted by: tim | Sep 14, 2008 12:41:20 PM

Actually, the economic crisis is mostly OUR fault. As long as there is this culture of consumption, and the yawning disparity between what we expect and what we are willing to pay, we will continue to lose our economic power in the world and no longer be masters of our own fate.

Posted by: jock59801 | Sep 14, 2008 12:41:39 PM

I do not like Dems and I cannot in good conscience vote Republican. I came to this country from Belarus in 1996. Grwoing up in the USSR and living through its collapse my biggest fear is of orthodox puris geniuses trying to implement some idea into life and rejecting all compromises in doing that. I am getting pretty afraid of this Republican orthodoxy that we should leave the markets alone and wait till benefits start trickling down. Again, the Great Depression, the recession of early 1990s and the present credit cruch have all happen after two or well into the second Rep. administration. What am I supposed think?

I'd rather vote Ron Paul, but I don't think he is going to be on the ballot in Mass.

Posted by: Alex | Sep 14, 2008 12:41:51 PM

The DNC and the Obama Movement SUPPRESSED THE VOTES OF CLINTON Delegates at the National Convention in Denver. On August 27th, 2008 the DNC and the Obama Movement maneuvered an undemocratic and underhanded voting script to ensure that Hillary Clinton’s pledged delegates (and the 18 million votes they represented) HAD NO VOTE. Entire state delegations were brow-beaten into voting Present or Passing their votes to other states. August 27, 2008 is a day that will live in infamy for the Democratic National Committee.

If you are a Democrat and you are FED UP with the DNC and the Obama Movement’s tactics, JOIN US! We are Protesting the 2008 Election.
Join PUMA PAC!!!

Posted by: HP Boston | Sep 14, 2008 12:43:01 PM

Well thank you very much Alan Greenspan. So this is the worst economy ever? Hmmm....and who was in charge that led us to this bad economy? THE REPUBLICANS and yet he's still going to back another Republican. Unbelievable!!!!!

Posted by: Cathi Rotan | Sep 14, 2008 12:44:18 PM

HP Boston

If Obama is an inferior candidate, then why do you feel so inferior to him?

Posted by: jock59801 | Sep 14, 2008 12:45:18 PM

It is beyond belief the hypocrisy and partisan political purility that anyone reading Greenspans words could EVER EVER EVER blame the democrats. Clinton left our great country a SURPLUS FOR CRYING OUT LOUD!The country was doing well with the best employment and salaries in decades! The MOST GROWTH in decades! The Democrats left this country in one of the best economic fiscally strong situations. Enter George Bush and follower McCane who VOTE 90% of the time supporting him. Oh MY God, can you people really study the facts. WE ARE GOING TO SUFFER if Mccane/Palin get's into the white house. STUPID STUPID STUPID, for racial bigotry and racism, you republicans are going to vote this country down the crapper because you cannot stand the color of Obama's skin. The writing is sooo on the wall and yet the blind will not see. Country First whatever. racism first. McCane was 894 out of 899 students in his class. Please people, do you think he has the intellect to fix this economy or better yet, do you think he knows his own limitations, he chose Palin, someone who took 6 Years to get a bachelor's degree in Journalism. They know you dummies are idiots and would PUT racial pride and bigotry before country, so go vote for the idiots. yeah. McCane's gut and Palins smile will make this country safe and economically strong. What a load of BS. We are going further down the crap hole and I am sooo damn sick an tired of all the racial crap and innuendo when I cannot afford to put gas in my car and meet my morgage. Forget college for my kids, McCane will send them to Iran to fight the next war. God help us all.

Posted by: JohnF | Sep 14, 2008 12:45:55 PM

Honestly....I don't see how getting into two new wars (Iraq and with the Russians) is going to help things one bit. Palin-McCain's talk of putting Georgia and the Ukraine (both nations with large populations that are pro- or ethnically-Russian) is a formula for getting us embroiled in a "hot war" with a nuclear power on their own doorstep. For Russia, it's the Cuban missile crisis in reverse. They won't back down.

Russia will now support the Iranians in their endeavors. No more help there. And the Europeans are likely wondering "what a bunch of ignorant tub-thumpers"). Meanwhile China smiles...as both Russian and Central Asian oil and gas goes through pipelines into their economy. And they become more powerful in the East.

Alaska may do quite well with the higher cost of oil and gas (the tax it up the wazoo so they don't have to pay any State income or sales tax)...but Palin is so out of touch as a Governor to the economic ills facing us in the "lower 49" that she is worse than uninformed.

Posted by: cinnamonape | Sep 14, 2008 12:48:18 PM

The DNC allowed sexist bias to HANDICAP the ONLY WOMAN in the race. When Tucker Carlson said that Hillary Clinton was a CASTRATOR, the DNC WAS SILENT. When Chris Matthews said that Bill Clinton’s INFIDELITY was the ONLY REASON for Hillary Clinton’s achievements, the DNC WAS SILENT. When the MEDIA CIRCUS unleashed a sexist onslaught of criticism against Senator Clinton regarding: her laugh, her cleavage, her pants, her wrinkles, her earrings, her “bitchiness,” her emotional “instability” the DNC WAS SILENT.
And now it is Palin the Dems are trying to destroy, the Obuma thugs are on her like a pack of rabid dogs!
JOIN PUMA PAC!

Posted by: HP Boston | Sep 14, 2008 12:48:59 PM

I think Obuma is ill prepared to be GOVENOR OF ALASKA!!
I am so concerned about the money and media backing of Obuma, it is a dam

Crusade!!!


Posted by: HP Boston | Sep 14, 2008 12:51:37 PM

As Micheal Vick would say, I don't have a dog in this fight. Whoever wins will not be able to change anything. Congress has the power and could have stoped LiL Bush anytime it wanted to. The only way short of war to change the Federal Government is a third party. I'm a Ron Paul supporter to bad more people couldn't open there eyes. But they'd rather fight over that 3.5 trillion the Fed's take in. You have to take away the money from the Fed's before you can have change.

Posted by: Tomjoad1776 | Sep 14, 2008 12:51:42 PM

RKH...Don't blame this on a Democratic Congress when the Republicans have filibustered a record number of 80 times making sure that the Democrats could get nothing accomplished. So that people like you would blame the wrong people. Typical Republican politicians...party first, country second.

Posted by: Liz | Sep 14, 2008 12:52:30 PM

To whomever thinks that the economy in Florida is booming: what are you smoking? Unemployment is way up, and mortgage foreclosures are among the worst in the nation. Of course, the Republicans love the McCain-Palin economic plan: tax cuts for the rich and income cuts for the rest of us. Go Obama!

Posted by: Mary | Sep 14, 2008 12:53:48 PM

HP Boston

I will agree that Obama probably doesn't know much about Alaska.

Posted by: jock59801 | Sep 14, 2008 12:54:11 PM

Nor do I disagree with the statements about the relative complicity or either political party. They both pretty much suck when it comes to resolving problems, and, yes, the current administration has spent us frivolously into the third world. It's just that the problems are not more complex than many people seem to understand, and as long as we settle for the pat answers and folk medicine (read: snake oil) coming from career politicians, the future is bleak. We quiet types have been too quiet for too long.

Posted by: icancanu | Sep 14, 2008 12:54:31 PM

God help us if McCain is elected. He has run the most disrespectful campaign in history and his advisors are Washington lobbyists. McCain wants MORE tax cuts for the wealthiest Americans and corporations while he raises taxes on the rest of us. He promises MORE war even though Bin Laden has yet to be captured or killed.

Posted by: Keith, PA | Sep 14, 2008 12:54:36 PM

The DNC CHANGED THE VOTES of 600,000 Michiganders on May 31, 2008 when it stole 4 pledged delegates from one candidate and re-pledged them to another.
* The Obama Movement PAID THE SUPERDELEGATES who endorsed Senator Obama. Crucial Super Delegates pledged their support to Obama after the Obama Movement contributed tens of thousands of dollars to them. These were Super Delegates whose constituents had voted overwhelmingly for Senator Clinton in the the primaries.

JOIN PUMA PAC. PROTEST THE DEMS, THEY ARE CORRUPT NOBAMA!
WE PUMAS ARE DEMS WHO WILL NOT SUPPORT THIS CORUPTION!

Posted by: HP Boston | Sep 14, 2008 12:55:57 PM

Sorry, acorrection is due:

Nor do I disagree with the statements about the relative complicity or either political party. They both pretty much suck when it comes to resolving problems, and, yes, the current administration has spent us frivolously into the third world. It's just that the problems are more complex than many people seem to understand, and as long as we settle for the pat answers and folk medicine (read: snake oil) coming from career politicians, the future is bleak. We quiet types have been too quiet for too long.

Posted by: icancanu | Sep 14, 2008 12:55:57 PM

The Worst? Dems need to sell more subprime loans. The Dem CRA did that.
Dems sabotage our economy then blame it on the R.?

Posted by: D. Johnson | Sep 14, 2008 12:56:49 PM

OBAMA = CHANGE

McCAIN = CHUMP CHANGE

Posted by: Ed from MA | Sep 14, 2008 12:59:53 PM

God help us if OBUMA is elected. He has run the most disrespectful campaign in history and his advisers are Washington lobbyists. OBUMA wants MORE taxes for the poorest Americans. HE is a phony, a fraud and a fairytale made up by the undemocratic party!

Posted by: HP Boston | Sep 14, 2008 1:00:43 PM

I'm in Florida, lucky I got gas before the media played up the Cat.#2 hurrican, gas went from $3.55 to over $5.We are living under the effects of what the Bush family did here in this State the way the Country is living with what Bush 41 and Lil Bush did.

Posted by: Tomjoad1776 | Sep 14, 2008 1:00:52 PM

HP Boston

Obama won the most pledged delegates. Therefore, if there had been NO superdelegates, and all the delegates had been apportioned the same way, then Obama would have one outright BEFORE the convention.

Posted by: jock59801 | Sep 14, 2008 1:02:42 PM

HP Boston

Why do you say Obama wants more taxes for the poorest Americans when you know it isn't true?

Posted by: jock59801 | Sep 14, 2008 1:04:04 PM

The worst economic crisis in Greenspan's career...

Thank you Republicans for running this country for eight years!

ENOUGH IS ENOUGH!

Posted by: brent | Sep 14, 2008 1:04:41 PM

NObama is bragging about his $55 million for the month of August, the media did not mention NObama and DNC they’re short ($12 million) for the month of August. NObama is spending money like water. Democrats running in their district are worried too, the DNC has ZERO in their bank account to fund local democrats for their bid.

The RNC and McCain don’t have a problem when it comes to money, McCain accepted public financing ($84 million), he doesn’t have to raise funds for his own campaign. RNC and McCain have over $200 million cash on hand and continue to increase. McCain went to Chicago to raise funds for the RNC, in 5 hours he raised $5 million; right in NOBAMA’s backyard.

Posted by: HP Boston | Sep 14, 2008 1:05:27 PM

Greenspan is a lying, thieving hypocrite. He flooded the market with fiat money, creating the last three major fiscal debacles (the S&L crisis, the dot com bubble, and the current mortgage crisis), and now he speaks of "paying for" tax cuts, as if the money we earn belongs to the government in the first place!

Kill the fed. To hell with Greenspan, Bernanke, and the rest of the counterfeiters.

-jcr

Posted by: John C. Randolph | Sep 14, 2008 1:08:16 PM

Rasmussen’s Daily Tracking Polls shows McCain reaching the 50% threshold mark for the first time….9/14/08

Sunday, September 14, 2008 Email to a Friend
“The Rasmussen Reports daily Presidential Tracking Poll for Sunday shows John McCain reaching the 50% level of support for the first time since Barack Obama wrapped up the Democratic Presidential Nomination. McCain retains a three-point advantage for the third straight day, 50% to 47% (see recent daily results). ”

Posted by: HP Boston | Sep 14, 2008 1:10:11 PM

HP Boston

You were obviously one of the dumbasses who voted for Bush. Your inferior opinion and jugement has been noted.

Posted by: Gas, Oil, Pipeline (GOP) | Sep 14, 2008 1:12:56 PM

Anyone read the NY Times article about Palin's governing style? You should check it out. Cheney Part II.

Or how about the Washington Post's article on what she actually did as mayor of a town of 5,500. Can you say "not much"? Oh, her BIG accomplishment was building an ice rink that went over budget and ended up in court.

McCain has lost all credibiliy for his "country first" slogan by picking Sarah Palin. She is DANGEROUSLY unqualified.

But you can see Russia from an island in Alaska, so that makes it all better.

Posted by: Gas, Oil, Pipeline (GOP) | Sep 14, 2008 1:17:05 PM

Results from Republican Economic Policy:

Highest National Debt in history!

Largest Budget Deficit in history!

Record International Borrowing!

6% Unemployment

Housing Market Crash!

Lending Market Crash!

Wages on downward trend!

Inflationary Pressures Up!

Weakening of the American Dollar!

BUT....Tax Cuts for only the Wealtiest Americans!
Oil companies making RECORD profits!
Defense companies making RECORD profits!


Yeah! Go McCain! Four More Years! You know how it's done! Let's keep digging folks. McCain and Palin can take us even lower. YEAH!

Posted by: Gas, Oil, Pipeline (GOP) | Sep 14, 2008 1:23:13 PM

Obama - TAX CUTS for those who make under $250,000/ year. That's about 85% of Americans.

McCain - TAX CUTS for ONLY the wealthiest people in our nation (ala Pres. Bush)

Who is going to help the majority of Americans nd who is going withthe staus quo?

Posted by: Obama 08! | Sep 14, 2008 1:26:09 PM

Obama should use this comment in an attack ad but I'm not holding my breath.

The Obama campaign's attack ads have been HORRIBLE.

Posted by: Sandra | Sep 14, 2008 1:47:08 PM

Didn't Ron Paul predict this over a decade ago. Republicans have screwed us over pretty good, and dems are just as guilty. Time for a new approach. Vote 3rd party if you really care about this country.

Posted by: Bringonthedepression | Se