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Kil
Evil Skeptic
USA
13477 Posts |
 Posted - 09/16/2007 : 08:36:27
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Greenspan Is Critical Of Bush in Memoir
Former Fed Chairman Has Praise for Clinton
By Bob Woodward for the Washington Post.
Alan Greenspan, who served as Federal Reserve chairman for 18 years and was the leading Republican economist for the past three decades, levels unusually harsh criticism at President Bush and the Republican Party in his new book, arguing that Bush abandoned the central conservative principle of fiscal restraint.
While condemning Democrats, too, for rampant federal spending, he offers Bill Clinton an exemption. The former president emerges as the political hero of "The Age of Turbulence: Adventures in a New World," Greenspan's 531-page memoir, which is being published Monday. |
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Uncertainty may make you uncomfortable. Certainty makes you ridiculous.
Why not question something for a change?
Genetic Literacy Project |
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JEROME DA GNOME
BANNED
2418 Posts |
 Posted - 09/16/2007 : 09:43:13 [Permalink]
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This is a dumbfounding show of honesty by Greenspan.
| “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil,” |
I am still waiting for my cheap oil.
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What a man believes upon grossly insufficient evidence is an index into his desires -- desires of which he himself is often unconscious. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way. - Bertrand Russell |
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Dr. Mabuse
Septic Fiend
Sweden
9688 Posts |
Posted - 09/16/2007 : 13:40:23 [Permalink]
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Originally posted by JEROME DA GNOME
This is a dumbfounding show of honesty by Greenspan.
| “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil,” |
I am still waiting for my cheap oil.
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The war wasn't meant for you to get cheaper oil. 
It was meant to make oil company exectutives richer...
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Dr. Mabuse - "When the going gets tough, the tough get Duct-tape..."
Dr. Mabuse whisper.mp3
"Equivocation is not just a job, for a creationist it's a way of life..." Dr. Mabuse
Support American Troops in Iraq:
Send them unarmed civilians for target practice..
Collateralmurder. |
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pleco
SFN Addict
USA
2998 Posts |
Posted - 09/16/2007 : 14:30:56 [Permalink]
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| Too bad he waited to say this until he had a book to sell. |
by Filthy
The neo-con methane machine will soon be running at full fart. |
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chaloobi
SFN Regular
1620 Posts |
Posted - 09/17/2007 : 05:03:47 [Permalink]
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No shit, Al. I didn't know Bush's foreign and economic policies are all screwed up and Clinton's were of genius proportions by comparison. What other grand revelations did you pack into that big ass book? I hope you wrote it in big block letters with crayon so the majority of literate Bush supporters can read it.
It will be interesting to see if the Bush Administration bothers to demonize Greenspan in response. Does it matter at this point? Bush's biggest outstanding policy initiative is to hand off the war to the next president and he doesn't need to keep his veneer of compitance intact for that, such as it is. |
-Chaloobi
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| Edited by - chaloobi on 09/17/2007 05:06:33 |
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Cuneiformist
The Imperfectionist
USA
4955 Posts |
Posted - 09/17/2007 : 06:34:01 [Permalink]
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Krugman called him on it today ($ req), saying:Well, I'm sorry, but that criticism comes six years late and a trillion dollars short.
Mr. Greenspan now says that he didn't mean to give the Bush tax cuts a green light, and that he was surprised at the political reaction to his remarks. There were, indeed, rumors at the time — which Mr. Greenspan now says were true — that the Fed chairman was upset about the response to his initial statement.
But the fact is that if Mr. Greenspan wasn't intending to lend crucial support to the Bush tax cuts, he had ample opportunity to set the record straight when it could have made a difference. |
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Original_Intent
SFN Regular
USA
609 Posts |
Posted - 09/17/2007 : 19:50:34 [Permalink]
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| I caught part of what he said on 60 minutes. THe admission of using "Fed Speak" on the COngress, and them not having a clue he was pick one (making/poking fun of them) (being nice in not telling them how ignorant and out of league they were) was hilareous. |
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Greenspan is critical of Bush.
