Will the Real Alan Greenspan Please Stand Up?
Maybe he’s getting senile or possibly scared shitless of his legacy or maybe even confused, as many of we old-timers are, about how we came so quickly from the land of millions to the land of billions. Billions have become the small-change of American society.
But I no longer recognize Alan Greenspan except by his over-sized glasses and grumpy look.
The man who helped Bill Clinton engineer the first federal surpluses in memory, almost overnight became the man who cheered as Bush gave it all away to the rich and bankrupted us as a nation. The man who agreed as Clinton paid down the national debt only recently agreed with President Bush's plan to quadruple it. The only thing recognizable in Alan is that the man who failed to see the dotcom bubble still fails to see the real estate bubble. That at least is somewhat reassuring.
A week ago in testimony before Congress, where he comes from time to time to mystify and mesmerize with his rhetoric, he was impatient with their failure to a…