"The worst mistake Pres. Obama made" was not getting out front to embrace the 2010...

"The worst mistake Pres. Obama made" was not getting out front to embrace the 2010 Simpson-Bowles deficit reduction proposal, Alan Greenspan says. Mark Gongloff reacts: "Remind me again why Alan Greenspan is still giving speeches to anybody other than pigeons in the park?" (video)

Comments (8)
  • Trader Monk
    , contributor
    Comments (130) | Send Message
    The worst mistake President Oblamo made for the US was to take the oath of office..


    I still hope for change in 2012..
    1 May 2012, 07:09 PM Reply Like
  • davidbdc
    , contributor
    Comments (3194) | Send Message
    They are both right. Greenspan should be living somewhere in shame. (Along with the likes of Rubin and Summers and Shapiro).


    And Obama showed he's small. He punted on the stimulus and allowed Reid/Pelosi to accomplish absolutely nothing with 800 Billion. He punted on the commission and achieved zero results in terms of reforming anything of substance - social security, taxes, Medicare/Medicaid, Defense spending, Federal Bureaucracy, etc, etc.


    And frankly he punted on health care - he promised a single payer system and then walked away from the fight and compromised to basically keep a broken system and extend it to everyone by force.


    I'm not a fan of Romney and would gladly support a Ron Paul 3rd Party run, but I'll choose Romney over Obama. At least with Romney there might be small changes that would restrict the growth of our government. Not to mention slowing the destruction of our freedoms.
    1 May 2012, 07:15 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4297) | Send Message
    Greenspan must be daft. Surely he knows that politicians derive their power from spending. The difference between the two parties is not about spending. It's about taxes. Democrats want to tax and spend while Republicans want to cut taxes and spend. Given the choice, I'll go with the tax cutters. We may as well get this over with sooner rather than latter.
    1 May 2012, 07:15 PM Reply Like
  • lpcongas99
    , contributor
    Comments (252) | Send Message
    Remind me again why Alan Greenspan is still giving speeches to anybody other than pigeons in the park?"


    ROFLMAO!............was thinking something like that,but not as funny, when i heard him on bloomberg radio with tom keane today...........
    1 May 2012, 08:35 PM Reply Like
  • ByloSelhi
    , contributor
    Comments (177) | Send Message
    History has already shown that Greenspan was an idiot. As for the Democrats and Republicans today, there is no difference. They are all Corporatists. Until we get big money out of the election process (good luck with that) nothing will change significantly.
    1 May 2012, 08:55 PM Reply Like
  • Ted Bear
    , contributor
    Comments (705) | Send Message
    Some day there will be a eureka moment in Washington and someone will postulate that 'we need to cut the deficit.' (Don't look for it during an election year, BTW).


    Simpson-Bowles is a damned fine plan, and while it should have been acted upon when published, it will still have value in a decade or so when someone in Washington gets threatened with coming off the dole if they don't get spending under control.
    1 May 2012, 08:56 PM Reply Like
  • KJP712
    , contributor
    Comments (471) | Send Message
    Greenspan was doing a video resume for future employment at CNBC.
    1 May 2012, 09:35 PM Reply Like
  • rambler1
    , contributor
    Comments (1048) | Send Message
    He also said today stocks are cheap. SELL EVERYTHING! This guy put us through hell.
    1 May 2012, 11:09 PM Reply Like
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