HookEm
04-07-2008, 08:57 AM
http://news.yahoo.com/s/nm/20080406/us_nm/greenspan_recession_dc_2
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However, the U.S. has not yet entered recessionary state marked by sharp falls in orders, strong rises in unemployment and intensive weakening of the economy, he said.
"We would have to see signs of this intensification: there are some, but not many yet," he said. "Therefore ... I would not describe the situation we are in as a recession, although the chances that we'll have one are more than 50 percent.""
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"I'm Republican and I support John McCain, who I know very well and who I respect a lot," he said.
"
However, the U.S. has not yet entered recessionary state marked by sharp falls in orders, strong rises in unemployment and intensive weakening of the economy, he said.
"We would have to see signs of this intensification: there are some, but not many yet," he said. "Therefore ... I would not describe the situation we are in as a recession, although the chances that we'll have one are more than 50 percent.""
-------------------
"I'm Republican and I support John McCain, who I know very well and who I respect a lot," he said.