Times On Line: US Fed veteran Alan Greenspan lambasts George W Bush on economy - Graham Paterson
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US Fed veteran Alan Greenspan lambasts George W Bush on economy - Graham Paterson
Greenspan’s 531-page book will do little to restore faith in the Bush administration’s claims of economic proficiency at a time when the markets are deeply unsettled. He has harsh words for Bush, the vice-president, Dick Cheney, and the Republicans over their big spending and lack of financial discipline. They are contrasted with former president Bill Clinton, whom Greenspan clearly admires. He writes that Bush’s failure to curb spending was “a major mistake” and that Republican congressmen were “feeding at the trough”. “The Republicans in Congress lost their way,” he says. “They swapped principle for power. They ended up with neither.
