Greenspan Bitch Slaps Bush

Published: September 15, 2007, 8:19 am

Tags: u s economy, housing bubble, economics, greenspan, marx, china, ayn rand

According to the Wall Street Journal in his new biography ex Fed Chairman Greenspan, a follower of Ayn Rand, bitch slaps the Bush regime. Too bad he didn't say this when he was still Fed Chairman.Mr. Greenspan, who calls himself a "lifelong libertarian Republican," writes that he advised the White House to veto some bills to curb "out-of-control" spending while the Republicans controlled Congress. He says President Bush's failure to do so "was a major mistake." Republicans in Congress, he writes, "swapped principle for power. They ended up with neither. They deserved to lose." Mr. Greenspan discovered that in the Bush White House, the "political operation was far more dominant" than in Mr. Ford's. "Little value was placed on rigorous economic policy debate or the weighing of long-term consequences," he writes.And interestingly he takes no blame for the current housing crisis sub-prime melt down that he created when he was fed chairman.Many economists say the Fed, by cutting

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