Reid Tells the Brutal Truth About Alan Greenspan

Sen. Harry Reid (D-NV) today did what very few Senators do in modern politics - he spoke truth to economic power by breaking protocol and calling out Fed Chairman Alan Greenspan for what he is - an economic elitist of the highest order. "I'm not a big Greenspan fan," Reid told CNN. "I voted against him the last two times. I think he's one of the biggest political hacks we have in Washington."

What was Reid talking about? Take a look at just some of the ways Alan Greenspan continues to insult average Americans in his quest to ingratiate himself with his rich friends:

GREENSPAN INSULTS AMERICAN WORKERS: "I would say that if I had my choice, the answer is, of course, yes." - Alan Greenspan acknowledging his support of abolishing the minimum wage, 7/18/01

GREENSPAN INSULTS BLUE COLLAR WORKERS: "I think you can argue it does not really matter whether or not you produce [manufacturing jobs in Ameica] or not." – Alan Greenspan, 7/15/03

GREENSPAN INSULTS ALL AMERICAN WORKERS: "If I had my choice, the answer is of course [I would abolish the minimum wage]." – Alan Greenspan, 7/18/01

GREENSPAN SAYS SENIORS SHOULD PAY FOR MILLIONAIRE TAX BREAKS: "Greenspan told the House Financial Services Committee last week that Congress should make President Bush's tax cuts permanent and -- here's the political bombshell -- pay the $1 trillion cost by cutting Social Security and other entitlement programs." – Pittsburgh Post Gazette, 2/18/04

GREENSPAN INSULTS MILLIONS OF WORKERS WHO LOST THEIR JOB BECAUSE OF THE RECORD TRADE DEFICIT: "The widening to record levels of the U.S. [trade deficit] has been seemingly uneventful." – Alan Greenspan, 2/20/03

GREENSPAN INSULTS MILLIONS OF CITIZENS PLAGUED BY HIGH CREDIT-CARD INTEREST: America’s record breaking $2 trillion in consumer debt is "not a significant cause for concern." – Alan Greenspan, 1/5/04