Bush is everyone's Michael Brown
Alan Greenspan tries to rewrite his legacy.
By 2009, even Cheney may write a book blaming Bush for everything.
President Bush is quickly becoming everyone's Michael Brown.
Former Federal Reserve Chairman Alan Greenspan criticized President George W. Bush for pursuing an economic agenda driven by politics rather than sound policy, with little concern for future consequences....
In 2001 testimony before Congress, Greenspan was widely interpreted to have endorsed Bush's proposed tax cuts. In the book, he characterized his testimony as politically careless and said his words were misinterpreted.
By 2009, even Cheney may write a book blaming Bush for everything.
President Bush is quickly becoming everyone's Michael Brown.
posted by mikevotes at
7:26 AM
2 Comments:
Uncle Alan also says inflation will be a problem in the near term, with productivity slowing, wage inflation in India and China accelerating and increasing the cost of imports here in the U.S. and the overall levels of public and private debt here in the U.S raising the price of borrowing.
Never mind that Uncle Alan helped cause some major problems by lowering the benchmark to 1% and keeping it there for three years. Bubble, bubble, bubble...
In any case, Greenspan says double digit inflation may return and he wouldn't be surprised if the Fed isn't forced to raise the benchmark rate to at least 10%.
Heckuva job, Uncle Alan.
By
Reality-Based Educator, at 10:44 AM
(Not to mention the collapsing dollar.)
I find it unbelievable that he's now trying to say he was misunderstood when he very publicly endorsed Bush's cut taxes and raise spending plan.
By
mikevotes, at 3:06 PM
Post a Comment
<< Home