Greenspan on the Economy: Double Ouch

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greenspan.jpg You have to have an online subscription to the Financial Times to read Alan Greenspan’s latest take on the American economy. But even without a subscription, you can read the first line:

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.

Commenting on the economy recently, billionaire/media tycoon Sam Zell said, “Obviously what we have going on is an attempt to create a self-fulfilling prophecy…. We have two Democratic candidates who are vying with each other to describe the economic situation worse.” Somebody tell him that Greenspan, something of an authority, sees things the way HRC and BHO do.

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We’ll say it loud and clear: No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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