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332 Landslide

332 Landslide

January 18, 2008

Greenspan Attacks Bush on Economy

The former chairman of the US Federal Reserve Alan Greenspan has said President George W Bush pays too little attention to financial discipline.
In a book to be published next week, Mr Greenspan says Mr Bush ignored his advice to veto "out-of-control" bills that sent the US deeper into deficit.
And Mr Bush's Republicans deserved to lose control of Congress in last year's elections, he charges.
Mr Greenspan, 81, stepped down last year after nearly 19 years in the post.
In The Age of Turbulence: Adventures in a New World, Mr Greenspan - who has described himself as a "lifelong libertarian Republican" - spares no criticism of the Republican party.
He writes that he advised the White House to veto some bills to curb "out-of-control" spending at the time Republicans controlled Congress.
President Bush's failure to do so "was a major mistake", he said.
"Little value was placed on rigorous economic policy debate or the weighing of long-term consequences," he says of the Bush administration.
And he charges that Republicans in Congress "swapped principle for power" and "ended up with neither". "They deserved to lose."

Mr Greenspan retired in early 2006 after serving under six US presidents - either as Federal Reserve chairman or adviser.

He now runs a private consulting company - and is an honorary adviser to the UK government.

Story from BBC NEWS: Published: 2007/09/15 15:29:44 GMT © BBC MMVII

Saturday September 15, 2007 - 09:46am (PDT)

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The Center for Public Integrity

The 380,000-plus-word database presented here allows, for the first time, the Iraq-related public pronouncements of top Bush administration officials to be tracked on a day-by-day basis against their private assessments and the actual “ground truth” as it is now known. Throughout the database, passages containing false statements by the top Bush administration officials are highlighted in yellow. The 935 false statements in the database may also be accessed by selecting the “False Statements” option from the “Subject” pull-down menu and may be displayed within selected date ranges using the selection tool below. Searches may also be limited by person or subject, or both, by using the appropriate selections from the pull-down menus.