Greenspan: New Found Respect · 20 September 2007, 13:09 by trickykid
I never really paid attention to Alan Greenspan in the past but now that his book has hit the shelves this week, “The Age of Turbulence: Adventures in a New World”, there has been some press on him and some of the things he has said, particularly in his book, or memoir as some call it.
I think one of the best quotes from Greenspan is, “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.”
Some of the other quotes that seemed rather interesting and also come off as total honesty and the truth is what he said about Clinton and Nixon. He claims they were the most intelligent men he worked with. Clinton was a risk taker, who paid attention to details and a preference for dealing with facts. He also said that Clinton was data obsessed like he was, unlike the “incurious” George W. Bush who he blames for the economy state we are living with now. He also goes on to say that Bill Clinton was fascinated by economic detail, something Bush should at least act like he’s interested in with his poor judgement and his only agenda being Iraq and terrorism.
I think that’s one of the best ways to describe Bush, incurious. Not sure what it means, well, it means: Lacking intellectual inquisitiveness or natural curiosity; uninterested.
That seems to suit our current leader. He also criticises President Bush for not handling American spending responsibly and for racking up big budget deficits.
Greenspan’s latest memoir wasn’t even on my list of books to pick up but with the press releases and these interesting quotes, I think it might be something I pick up to learn more about how the President does impact the economy, which I’m saddened when someone says they don’t play such a role.
I’d like to point out that if the President doesn’t play a large role in our economy, then why did Wall Street come to a standstill when they were releasing the final results from the 2000 election? That should be a huge indication that our economy does pay attention of who’s going to impact it for the next 4 or 8 years.
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