Sunday, September 16, 2007

Another Republican is speaking out.....

Alan Greenspan, a staunch Republican and recently retired U.S. Federal Reserve Chairman, states in his memoirs that the motive for the 2003 Iraq invasion--OIL--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,” Greenspan says. (Source)

He also criticizes Bush for not paying attention to financial discipline. Bush ignored Greenspan's advice to veto "out-of-control" bills that sent the U.S. deeper into debt. "Little value was placed on rigorous economic policy debate or the weighing of long-term consequences," he writes of the Bush administration. Greenspan is a Republican who believes his party deserves to lose control of Congress because the Congressional Republicans "swapped principle for power" and "ended up with neither. (Source)

I respect Greenspan for finally speaking out. I wonder why these Republican critics usually wait until they retire to do it? It sure would have been helpful if they had spoken out before we invaded, buzz.

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