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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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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