Arianna Huffington calls Alan Greenspan on his recent attempts to save face with the publication of his memoir, The Age of Turbulence:
Greenspan’s book is another in the growing pile penned by folks who lent their integrity to buttress the Bush presidency but who now, in horrified hindsight, want it back. Now that it’s clear what an unsound strategy investing in George Bush turned out to be, Greenspan wants us to know he was skeptical all along. …
Greenspan says he was disappointed, but, then, what could he really do? He knew the policies were bad, but he was just the Chairman of the Fed. Who would ever pay attention to lil ol’ Alan Greenspan? He also wants us to know that he advised Bush against the GOP’s “out-of-control” spending and that he thinks the Republicans “deserved to lose.” Well, thanks, but that and two bucks will get you a British pound.
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