When Greenspan Talks, People Listen

Wow. Alan Greenspan's memoir is being previewed and George W. does not come out well. Remember, Greenspan is a life long Republican and a revered voice in financial circles. He was optimistic when his friends were elected.
When Bush and Cheney won the 2000 election, Greenspan writes, "I thought we had a golden opportunity to advance the ideals of effective, fiscally conservative government and free markets. . . . I was soon to see my old friends veer off to unexpected directions."
Here's what he's saying now about the Bush administration:
"Little value was placed on rigorous economic policy debate or the weighing of long-term consequences." The large, anticipated federal budget surpluses that were the basis for Bush's initial $1.35 trillion tax cut "were gone six to nine months after George W. Bush took office." So Bush's goals "were no longer entirely appropriate. He continued to pursue his presidential campaign promises nonetheless."
Smack down and he's only getting warmed up. Tell us how you really feel Alan.
By the end of last year, Greenspan writes with some bitterness, Washington was "harboring a dysfunctional government. ... Governance has become dangerously dysfunctional."
This from Alan Greenspan, never considered a radical. He worked with whoever was in office. He apparently appreciated Bill Clinton's ability to digest facts and face economic reality but pretty much says President Bush is the worst president ever. Now, I'm no Greenspan fan myself but we have found something to agree on here. The national debt has escalated faster than Republicans can send more brigades to the endless war. History will not be kind to this reckless cowboy and Greenspan is probably just the start. Worst President Ever, not the heroic cardboard cutout the Pretender sports.

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