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Greenspan: Iraq Was All About The Oil

Look at all the water carriers starting to fall by the wayside... WaPo: By the end of last year, Greenspan writes with some bitterness, Washingto

Look at all the water carriers starting to fall by the wayside...

greenspan.jpg WaPo:

By the end of last year, Greenspan writes with some bitterness, Washington was "harboring a dysfunctional government. . . . Governance has become dangerously dysfunctional."

However, he calls Clinton a "risk taker" who had shown a "preference for dealing in facts," and presents Clinton and himself almost as soul mates. "Here was a fellow information hound. . . . We both read books and were curious and thoughtful about the world. . . . I never ceased to be surprised by his fascination with economic detail: the effect of Canadian lumber on housing prices and inflation. . . . He had an eye for the big picture too."[..]

Known for his restrained if not incomprehensible public statements over the past several decades, Greenspan's direct criticism of Bush and his economic policies comes as the economy is emerging as an issue in the 2008 presidential race. And the man Greenspan praises so highly for fiscal probity is married to the current front-runner for the Democratic nomination, Sen. Hillary Rodham Clinton of New York.[..]

"The Age of Turbulence" is likely to be mined word by word on Wall Street, where the Masters of the Universe will seek clues to how to make billions. Greenspan dives deep into his economic data, his experiences, his philosophy and meetings with world political and economic leaders.[..]

Without elaborating, he writes, "I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil."

Ian Welsh at FDL says that Greenspan doesn't get to rehabilitate his reputation.

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