SHOCKER: Greenspan says Bush's economic policies were "driven by politics"...it can't be TRUE!

[Amerigo Vespucci]

Greenspan Says Bush's Economics Driven by Politics (Update2)

By Matthew Benjamin

Sept. 14 (Bloomberg) -- 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.

Soon after Bush took office, Greenspan wrote in a new book, it became evident that the Treasury secretary and White House economists would play secondary roles in decisions on taxes and other issues. In addition, officials with whom he had worked in the administration of President Gerald Ford changed after Bush brought them back to Washington, he said he found.

``The Bush administration turned out to be very different from the reincarnation of the Ford administration that I had imagined. Now, the political operation was far more dominant,'' Greenspan, 81, wrote in ``The Age of Turbulence: Adventures in a New World.'' The book, an advance copy of which was obtained by Bloomberg News, is scheduled for publication on Sept. 17. The Wall Street Journal published an account on its Web site today after buying a copy at a New York-area bookstore.

In the 531-page tome, which ranges from Greenspan's childhood in New York to his 18 years at the Fed, he recounts his relationships with the six presidents he served.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aFm7L8vuX_ts&refer=worldwide

[jmp]

1. Why worry about tomorrow?

Bush is an end timer. Jesus is coming to dispense justice, rout evil, and wipe out debts.

[Horse with no Name]

2. Methinks that Greenspan knows that shit is going to roll

downward and he is standing at the bottom of the hill.

[Pale Blue Dot]

5. Yep. He wants to absolve himself.

He's a dickweed.

[DURHAM D]

3. Greenspan is just proving what I have always thought -

he is a half-wit.

What appeared to be his inability to clearly communicate his ideas through all of these years was actually the technique he adopted to cover up the fact he didn't have a clue.

[snowbear]

4. Why did he keep his yap shut until now?

Andrea Mitchell's stud-muffin:

[Double T]

6. It is a little late for that revelation; the irreparable damage has already been done

The power of a president must not be absolute; specially when a psychopath is holding the office.

[AlCzervik]

7. Now he confirms, now? Do any of these assholes feel any sense of civic responsibility?

[Democrats_win]

8. "Shocker"--nice sarcasm. We also know that Greenspan helped them.

The real question for me is, where is the justice for what Bushco did?

Through their political tricks they hurt a lot of ordinary Americans. Meanwhile the rich, who were doing pretty well before bushco, did exceedingly well.

[Amerigo Vespucci]

10. To say that Bush was driven by politics at THIS point of the game...

...is probably the greatest act of cowardice Greenspan could engage in.

I think it's just one more example of "the Bushies" realizing...however reluctantly...that King George's legacy is going to be synonymous with "crap," and those who cling too tightly to it will also be seen as "crap."

Greenspan's chosen to ignore the key rule in any good crime family, Bush's included: Omertà.

Omertà

http://en.wikipedia.org/wiki/Omerta

Omertà is a popular attitude, common in areas of southern Italy, such as Sicily, Calabria and Campania, where the criminal organizations like the Mafia, 'Ndrangheta, and Camorra are strong. Omertà implies “the categorical prohibition of cooperation with state authorities or reliance on its services, even when one has been victim of a crime.” Even if somebody is condemned for a crime he has not committed, he is supposed to serve the sentence without giving the police any information about the real criminal. A common definition is the "code of silence". Within Mafia culture, breaking the oath of omertà is punishable by death. A common misconception is that the Mafia created or instituted omertà, when, in fact, the code was adopted by Sicilians long before the emergence of Cosa Nostra (some observers date it in the 16th century as a way of opposing Spanish rule)

[defendandprotect]

14. Blowing the whistle this late? Justice, accountability, honesty . . .. where is it???

Is MSM picking up this story or ignoring it -- ???

[muntrv]

9. NAAAAAAAAHHHHH!!! YA THINK?

[whistle]

11. The cagey Sir Alan Greenspan, better that he be viewed as an idiot

...then the man who blew up the world! :eyes:

Sir Alan insists he "didn't really get it" that selling overpriced homes to people who could not afford them could have a down side. Greenspan is being too modest.

From his perch at the Fed, Greenspan presided over the creation of the largest financial bubble in world history, from derivatives to hedge funds and all in between. This included the use of outrageous real estate prices to fuel his debt machine.

With his life's work now exploding, the sly old British Knighted Sir Alan is now trying to shift the credit he so richly deserves to others.

:hide: :yoiks:

[Pirate Smile]

12. The Washington Post article which should be on line soon says Bill Clinton is

complimented by Greenspan, along with Bush being bashed.

Well, that sounds about right, doesn't it?

[jillan]

13. And he couldn't tell us sooner because ?

[SirBlackAdder]

15. Ok, then,....

Who made money off of these policies? Who are the people who pocketed he most American Loot? Who wins with the mortage crisis, I have seen NO good analysis on this issue.