Alan Greenspan couldn’t have been more inscrutable as the Fed Chairman nor more powerful. Every Tuesday, the investment world awaited his stance on the interest rate. According to the NY Times, Greenspan speaks out against Bush, Republicans and the War in his book, The Age of Turbulence: Adventures in a New World.
On Bush : “My biggest frustration remained the president’s unwillingness to wield his veto against out-of-control spending.”
On Republicans: “Republicans in Congress lost their way. They swapped principle for power. They ended up with neither. They deserved to lose.”
On the War: “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.”
Quoted portions from the Shelf Awareness newsletter.