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Greenspan faults Democrats on trade
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hillarynews
Joined: 24 Jan 2007 Posts: 2255
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Posted: Mon Sep 24, 2007 12:00 pm Post subject: Greenspan faults Democrats on trade |
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Greenspan faults Democrats on trade
Former Federal Reserve Chairman Alan Greenspan on Sunday faulted Democrats, including presidential candidate Sen. Hillary Clinton, for moving away from former President Bill Clinton's embrace of globalization.
Category: Top Story
"They're taking positions, which he as president veered away from," Greenspan said on NBC's "Meet the Press," speaking about Democrats and a possible White House under Hillary Clinton, who polls show as the Democrats' front-runner.
Asked how Democrats today were different from the party Bill Clinton led, Greenspan responded; "The whole area of trade ... is a very critical issue, because it's not only the issue of trade.
"It refers to the globalization, and how one views what is the driving force in this world, which creates prosperity."
Greenspan has been making extensive public appearances to promote his memoir, "The Age of Turbulence," which was published last week. The book has drawn attention for its criticism of the fiscal policies of President George W. Bush.
Speaking about the U.S. economy, Greenspan renewed his assessment that there is a somewhat less than 50 percent chance of a recession.
"We're heading towards a slowdown." he said. "Whether that actually leads to a recession is dependent on things we can't forecast at this moment ... But there is no question that we've got significant pressure on home prices."
The National Association of Realtors estimated earlier this month that the national median sales price for proponed homes should drop 1.7 percent this year, while the median new-home price should fall 2.2 percent.
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Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to |
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