Saturday, September 15, 2007

Greenspan's Book

Alan Greenspan, who reigned as the country's finance god for over 20 years, has a book hitting the shelves on Monday. Greenspan has a brain. I remember trying to understand him when he spoke before Congress.

REALITY is merciless, infinite, and deep. Greenspan's book is just the appetizer of the condemnation flood from countless angles reaped by the unconscionable incompetence of the Bush Administration. Greenspan writes, "They swapped principle for power. They ended up with neither."

Greenwald's book serves from another angle.

I doubt I will live long enough to see the mess cleaned up, if it ever is. Again my thoughts turn to F. Scott Fitzgerald, who wrote in The Great Gatsby, "They were careless people, Tom and Daisy."

Greenspan will appear on 60 Minutes tomorrow.

UPDATE: Just watched the 60 Minutes piece, and while interesting, very lame. The piece had not one peep about Iraq or oil. It also steered away from the "power over principle" remark featured in yesterday's New York Times. The Greenspan book will sell like hot cakes. Everyone listens to Greenspan, and he is going to tell us what we already know about the insidious 2000-2006 White House / GOP Congress fiscal prostitution and $why we invaded Iraq$.


Blogger Liza said...

From the today's "Times Online" by
Graham Paterson:

""AMERICA’s elder statesman of finance, Alan Greenspan, has shaken the White House by declaring that the prime motive for the war in Iraq was oil.

In his long-awaited memoir, to be published tomorrow, Greenspan, a Republican whose 18-year tenure as head of the US Federal Reserve was widely admired, will also deliver a stinging critique of President George W Bush’s economic policies.

However, it is his view on the motive for the 2003 Iraq invasion that is likely to provoke the most controversy. “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil,” he says.

Greenspan, 81, is understood to believe that Saddam Hussein posed a threat to the security of oil supplies in the Middle East.
Britain and America have always insisted the war had nothing to do with oil. Bush said the aim was to disarm Iraq of weapons of mass destruction and end Saddam’s support for terrorism.""

9/16/2007 7:48 AM  
Blogger x4mr said...

Fabulous remark and thanks. As I repeat almost like a mantra, reality prevails. I smell blood, rich, thick, and hot.

In the beforemath it is often hard to tell whose. Sometimes one can tell, like spring 2003 at SAIAT. Other times, like August 2004, blood is all over, but you can't tell whose it is.

This has the latter quality, except I know the party.

The GOP has cause for sheer, blind terror.

What happened to the Nazis after they tried to rule reality?

Ten years from now, the literature will focus not on Bush, discarded as blithering idiot, nor Cheney, as malignant evil, but the GOP Congress, the check and balance that did neither. They betrayed this country. They betrayed humanity.

In my opinion, the founding fathers foresaw a filthy white house. Congress had the responsibility to protect us. The 2000 - 2006 GOP whores threw us under the bus.

9/16/2007 8:34 AM  
Blogger Sirocco said...

Liza beat me to the punch. I saw a similar comment elsewhere about Greenspan's belief the war was started to "secure oil supplies" ... which isn't a new claim, but certainly pretty damning coming from the source it does.

9/17/2007 7:07 AM  
Blogger Sirocco said...

Oh ... Krugman has a damning piece in he NY Times today condemning Greenspan's complicity and acquiescence in the Bush tax cuts/national deficit matters.

9/17/2007 7:08 AM  

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