April 7th, 2008
04:00 PM ET
14 years ago

Greenspan supports McCain


[cnn-photo-caption image= http://i.cdn.turner.com/cnn/2008/images/04/07/art.greenspan.gi.jpg caption=" Greenspan said he is supporting McCain."](CNN) - Former Fed Chairman Alan Greenspan is supporting John McCain's White House bid, CNN has confirmed.

"I am a Republican and expect to vote for the Republican candidate, but I am not involved in politics," Greenspan said in a statement issued to CNN by his office.

The statement follows comments Greenspan reportedly made to a Spanish newspaper on Sunday.

"I support John McCain, who I know very well and who I respect a lot," he told El Pais.

McCain has previously indicated he will seek Greenspan's council on economic issues should he win the presidency. At a campaign event in South Carolina last fall, the Arizona Republican even said he would take him "alive or dead."

"If he's alive or dead it doesn't matter. If he's dead, just prop him up and put some dark glasses on him like, like 'Weekend at Bernie's,"' McCain joked. "Let's get the best minds in America together and fix this tax code."

Greenspan served as the U.S. Fed chairman from 1987 to 2006.

In a statement, McCain spokesman Tucker Bounds said Greenspan's support is "of enormous importance to John McCain."

"It should reassure voters that, while John McCain is humble, he is still the best qualified candidate to keep taxes low and get our economy back on track," Bounds said.

Filed under: John McCain
soundoff (125 Responses)
  1. Greg

    What a dumb comment. Prop him up, alive or dead? So, when the corpse can't perform Fed chairman duties, does McCain get the power from a weak congress? Ridiculous. Get serious, vote Socialist. You think Demagoguerats and Pubcrawlicans know what's good for working people? You don't trade a neoliberal for a neoliberal and continue outsourcing labor and cutting government spending on social and labor programs. You take it from the rich by force.

    April 7, 2008 07:09 pm at 7:09 pm |
  2. Lizabeth

    Good grief, when are you Ron Paul lemmings going to get the message? He is not and really never was a real consideration. Get over it. The guy was/is a bit of a nutcase.

    April 7, 2008 07:13 pm at 7:13 pm |
  3. David, Silver Spring, MD

    Yikes! Remember, Greenspan supported the Bush tax cuts as a way to save us from paying off the Federal debt too soon (and creating a deflationary environment, if you can believe it!).

    An endorsement from Greenspan is about as much a benefit to McCain as an endorsement from John Hagee.

    April 7, 2008 07:23 pm at 7:23 pm |
  4. Lee From Treasure Island Florida

    Greenspan help to create the housing bubble, to save the market after the 'dot.com' nose dive. He knew this would happen, suggested ARM loans yet never took one out himself. I admire smart people, but not greedy people.

    April 7, 2008 07:24 pm at 7:24 pm |
  5. Raz

    "I am a Republican and expect to vote for the Republican candidate, "



    April 7, 2008 07:25 pm at 7:25 pm |
  6. Andrea

    These older folks need to retire and allow someone else with a fresh perspective to do the job right. We will all be there someday. They are being too greedy.

    April 7, 2008 07:28 pm at 7:28 pm |
  7. Pho

    Whatever dude, we all know you are Republican...

    April 7, 2008 07:30 pm at 7:30 pm |
  8. GnosticMan

    Greenspan YOU ARE AN IDIOT! How can you pretend that McCain is fiscally better for America? Oh yeah, this is the guy who got us in that first recession in 2002. I guess he likes it when America is financially insecure. IDIOT!

    April 7, 2008 07:34 pm at 7:34 pm |
  9. McCAIN IS #1

    Finally, an endorsement that actually means something, because it comes from someone who is experienced and knowledgeable about the economy. "Patriot" is right.

    April 7, 2008 07:38 pm at 7:38 pm |
  10. Jacob

    greenspan is responsible for the economic crisis we are in so it is no surprise he endorses the old guy who doesn't understand the economy

    April 7, 2008 07:41 pm at 7:41 pm |
  11. Ian

    I'm comforted by the fact that McCain wants to get "this economy thing" under control. God help us all.

    April 7, 2008 07:47 pm at 7:47 pm |
  12. Michelle

    lets see....

    Old dude endorsed by OLDER dude....zzzzzzzzzzzzzzzzzzzzz

    April 7, 2008 07:50 pm at 7:50 pm |
  13. Robert

    Smart man Greenspan is, hope he returns as an economic advisor.

    April 7, 2008 07:56 pm at 7:56 pm |
  14. kathleen retired Professional w/woman for obama

    John McCain does not know how to run a government. He has
    not a clue. And he can make fun and laugh at Greenspans age!!!!!!!!!

    Oh my God, McCain is an idiot. Condeleeza Rice can't even help him.

    Obama 2008

    April 7, 2008 08:15 pm at 8:15 pm |
  15. Lamont

    Wasn't he involved with lowering the interest rates that led to the housing market!!! YITES! McCain can have him.

    April 7, 2008 08:15 pm at 8:15 pm |
  16. Ratgurl

    Greenspan just lost my respect.

    April 7, 2008 08:19 pm at 8:19 pm |
  17. Money Talks

    Good God, do you mean the Greenspan who helped get us in this credit mess starting back in the good old Clinton 90's. THAT Greenspan. Probably an endorsement McCain could do without.

    April 7, 2008 08:21 pm at 8:21 pm |
  18. Gander

    Once again, a recycled administration. Bush's admin..consisted of his father's cronies. Now isn't it refreshing to see that once again, we are going to recycle the same tired old people again. Greenspan wasn't that good years ago. Now we are to believe he got smarter since leaving? How about something new??? Some new ideas? As I have said neither Obama or Hillary could do any worse than what is in the White House now. A vote for McCain, is the same old story, just a replacement for Bush. I remember years ago, Russia was always made fun of because they always had the old and tired running their country. Perhaps we need to heed what happened to their country and learn from them. I am tired of old men starting wars safe at home, and young men dying in them. Put the old guys on the golf courses. They need to retire for good!

    April 7, 2008 08:21 pm at 8:21 pm |
  19. Kenny Hollinger

    It's Mr. Greenspan's policies that led us to the housing market trouble now. No one knows this, except a few people, because the housing crisis happened now, not when Greenspan was in office. However, eventhough Mr. Greenspan left office, his policies are followed even today. He's the one that brought in the un-fixed interest rates for mortgage and other loans, whereby the lender can change the interest rate at their own will. I agree Mr. Greenspan did some good, but now he's too old to be in the government. I was looking for the prime minister and president of India, they are like 70 years old, for God's sake, we don't want to elect someone that old in America, they will make our nation go backward by going for more wars. The only candidate that can help and change America is Sen. Obama or rather President Obama.

    April 7, 2008 08:29 pm at 8:29 pm |
  20. Deb at Tx ranch

    Who gives a HOOT about Greenspan – he is part of this economic problem right now!

    April 7, 2008 08:38 pm at 8:38 pm |
  21. Jermaine

    Even with Greenspan and Rice Mccain cannot and will not win the Presidency. The REPUBLICANS are clueless, I am in the military and so many Soldiers are ready to VOTE for OBAMA-CLINTON; or an OBAMA-CASEY ticket. Mccain is helpless in the eyes of the military. He is a champion of the WAR, had his son run and join the Marines just to psotion Mccain for a white house run, such an Opportunist. This WAR is DONE and Mccain with it. It is the ECONOMY STUPID, and the WAR is a BIG PART of the ECOMIC MESS we are in 14 Billion dollars each month. MAYBE we should take CARE OF AMERICA FIRST!



    April 7, 2008 08:56 pm at 8:56 pm |
  22. gurarro

    This was a great laugh "dead or alive". Is McCain a student of the Bush School of Stupidity? We already have a whole 26 volume encyclopedia of Bushisms, do we really need an encyclopedia of McCainisms?

    April 7, 2008 08:56 pm at 8:56 pm |
  23. JOHN


    April 7, 2008 08:57 pm at 8:57 pm |
  24. Joe

    Might as well. Greenspan helped put us in this mess. Only natural he would help keep us here too.

    April 7, 2008 09:01 pm at 9:01 pm |
  25. ryan

    Everybody loved Greenspan when Clinton was in office. And judging from these comments, it looks like there'll be MUCH more whining and backstabbing once Obama/Clinton (it doesn't matter which because they are both fatally flawed candidates) lose the general election.

    April 7, 2008 09:08 pm at 9:08 pm |
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