Greenspan: America In Recession

April 9. 2008

Former Fed Chairman Alan Greenspan announced this week that America is indeed in a recession. He adds to the many people voicing their concerns regarding the financial mess the Bush administration has made of the nation's economy:

Greenspan, on CNBC: U.S. in recession

WASHINGTON (Reuters) - Former Federal Reserve Chairman Alan Greenspan said on Tuesday the U.S. economy was in recession, and said it would be appropriate to tap public funds to resolve the mortgage-related crisis that has helped pull the economy under.

http://news.yahoo.com/s/nm/20080408/bs_nm/usa_economy_greenspan_dc