There was more red than blue in California.
There always is.
I expect that to be the case in both 2014 and 2016.
California will vote for a Republican President after 4 more years of Obama.
Greenspan Concedes He `Found a Flaw' in His Free-Market Ideology
Oct. 23 (Bloomberg)-- Former Federal Reserve Chairman Alan Greenspan, under a grilling from lawmakers at a congressional hearing today, conceded a flaw in his free-market ideology that contributed to a ``once-in-a-century credit tsunami.''
``Yes, I found a flaw,'' Greenspan said in response to questions from to the House Committee on Oversight and Government Reform.``That is precisely the reason I was shocked because I'd been going for 40 years or more with very considerable evidence that it was working exceptionally well.'' http://tinyurl.com/5ea9ng
Greenspan said he was ``partially'' wrong in his opposition in recent years to the regulation of derivatives. He said in a May 2005 speech that ``private regulation generally has proved far better at constraining excessive risk-taking than has government regulation.''
Committee Chairman Henry Waxman, a California Democrat, said Greenspan had ``the authority to prevent irresponsible lending practices that led to the subprime mortgage crisis.''
``You were advised to do so by many others,'' he told Greenspan.``And now our whole economy is paying the price.'' http://www.bloomberg.com/apps/news...
Twenty-five people at the heart of the meltdown
26 January 2009 / http://tinyurl.com/bwrl8l
The worst economic turmoil since the Great Depression is not a natural phenomenon but a man-made disaster in which we all played a part. In the second part of a week-long series looking behind the slump, Guardian City editor Julia Finch picks out the individuals who have led us into the current crisis
1. Alan Greenspan, chairman of US Federal Reserve 1987- 2006 2. Mervyn King, governor of the Bank of England 3. Bill Clinton, former US president 4. Gordon Brown, prime minister 5. George W Bush, former US president 6. Senator Phil Gramm 7. Abby Cohen, Goldman Sachs chief US strategist 8. Kathleen Corbet, former CEO, Standard & Poor's 9. Hank" Greenberg, AIG insurance group 10. Andy Hornby, former HBOS boss
11. Sir Fred Goodwin, former RBS boss 12. Steve Crawshaw, former B&B boss
13. Adam Applegarth, former Northern Rock boss 14. Dick Fuld, Lehman Brothers chief executive 15. Ralph Cioffi and Matthew Tannin 16. Lewis Ranieri 17. Joseph Cassano, AIG Financial Products 18. Chuck Prince, former Citi boss 19. Angelo Mozilo, Countrywide Financial 20. Stan O'Neal, former boss of Merrill Lynch
21. Jimmy Cayne, former Bear Stearns boss 22. Christopher Dodd, chairman, Senate banking committee 23. Geir Haarde, Icelandic prime minister 24. The American public
25. John Tiner, FSA chief executive, 2003-07 26. Andrew Lahde 27. John Paulson, hedge fund boss 28. Professor Nouriel Roubini 29. Warren Buffett, billionaire investor 30. George Soros, speculator 31. Stephen Eismann, hedge fund manager 32. Meredith Whitney, Oppenheimer Securities