Obama campaign seizes on Greenspan's tax comments

Reuters ^ | Sat Sep 13, 2008 | By Caren Bohan

[boroman]

CHICAGO (Reuters) - Presidential candidate Barack Obama's campaign on Saturday seized on comments from former Federal Reserve Chairman Alan Greenspan, who questioned the affordability of broad new tax cuts.
Greenspan told Bloomberg News he was "not in favor of financing tax cuts with borrowed money" when asked if the United States could afford big tax cuts such as those proposed by Republican John McCain.

[Tublecane]

Why doesn’t the media ever report on the fact that Greenspan was unelected, and yet had more direct influence over the economy than anyone in Cogress or the White House? When will the American people wake up and realize that modern inflation and the boom-bust cycle started after the birth of the federal reserve system?

[Godwin1]

Greenspan? Sounds like a democrat name. And isn't he married to Andrea Mitchell, the Obama campaign staffer who plays a reporter on TV?

[ncalburt]

Gee isn't that shocking news from Mr Andrea “ Obama “ Mitchell !!

[ZULU]

“When will the American people wake up and realize that modern inflation and the boom-bust cycle started after the birth of the federal reserve system?”

Myths die hard, especially when supported by the left-wing media.