Tuesday, March 25, 2008

Bring him in - even if we don't understand him

If you don't know what the guy is saying - why invite him at all?

So the Daily News asked, why Greenspan, that wasn't he off-base on the housing bubble, and here was her response:

"Not only that, but the Fed didn't act while he was there. But he has a calming influence still to this day on Wall Street -- don't ask me why because I never understand what he's saying -- but nevertheless people respond to that Delphic oracle approach. I think it would be wise to include him. And recently he's come out and vert smartly so that we have to deal with housing and maybe we need to have some kind of buyout mechanism for mortgages. So he's moved on his understanding and depth of the problem -- but you know you could pick three others. You just have to have some demonstrable involvement of presidential leadership...

So now we have John McCain saying he doesn't know much about the economy, and Hillary Clinton liking Greenspan even though she has no idea what he's saying -- God help the United States of America.Source: Philadelphia Daily News, through Politico

Wonderful. So between dodging sniper fire, she gets to not understand what Greenspan is saying after he helped launch this runaway train we call the failure of the credit/housing market. Heck of a job, Hilary!

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