Saturday, September 15, 2007
The Finger Pointing Begins, Cont'd.
In Alan Greenspan's new memoir, he blasts Presidunce Bush for not controlling defecits and spending, and for generally mishandling the Federal budget. The former head of the Federal Reserve's harshest criticism of Dumbya is that he was driven overwhelmingly by ideology, was incurious about effects of economic policy, and led an administration that was incapable of executing economic policy. Ironically, Greenspan, a self-descibed "libertarian Republican", has his highest praise for President Clinton, who absorbed economic data and was disciplined about economic growth.