The DAY the DEMOCRATS BROUGHT DOWN the WORLD

It seems like Greenspan himself actually could be considered at least a part of the cause of today's economic implosion.

After all, he was the one who cut interest rates after the dot-com collapse, making credit and financing more easily available in a time when national cash flow was suffering from a rapid decline.

While I am sure the interest rates were probably lowered to induce national consumption, but inflating credit availability resulted in loan defaults and foreclosures by individual's who received loans and lines of credit that they couldn't afford.

In short, if today's economic crisis is a "tsunami," and that much no one would refute, then Alan Greenspan and his decisions should be considered one of the tectonic plates that contributed to the tsunami's cause.

Greenspan's contribution if any, was not a significant factor. In fact he warned of the impending problem in clear language. Clear language from Greenspan is his style of emphasis.

I miss old Alan's congressional presentations. He had a unique linguistic style and a barely perceptable grin.

It was the creditworthiness, or worthlessness,of the borrowers and real or implied government guarantees to investors that provide the water for the tsunami. not rates of interest.