Saturday, September 15, 2007

A Little Self- Criticism Would be More Appropriate, Alan

Greenspan Is Critical Of Bush in Memoir

Former Fed Chairman Has Praise for Clinton

Washington Post Staff Writer Saturday, September 15, 2007; Page A01

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.

--more--

________________________________________________________________________

Outrageously late and self-serving. Alan Greenspan is as responsible as George Bush for the passage of monumental, excessive and economically disastrous tax giveaways to the super-rich.

Alan had his chance--and a bully pulpit it was that he might have spoken from--to turn aside the $2 trillion George gave to his buddies while he sacked the treasury with an unfunded war. What possible defense can Greenspan make for his dereliction of duty in the face of the enemy.

In the military, they shoot people for that.


* For more in-depth articles by Jim on Things That Make Me Nuts, check out Opinion-Columns.com