September 17, 2007

hardball-schultz-oil.jpg On Monday's Hardball, CNBC's Jim Cramer and talk show host Ed Schultz sparred over the validity of Alan Greenspan's claim that the occupation of Iraq was all about the oil. Cramer, in his ranting and somewhat staged style claimed that Greenspan was flat out wrong and was upset that everyone was talking about the throwaway line from his book. Throwaway line?

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Schultz took him to task, pointing out the myriad reasons why oil played a central part in Bush and Cheney's decision to invade Iraq. Cramer went on to play the role of Bush apologist, spouting the lame, old we now know they were wrong, but invading Iraq was the right thing to do at the time talking points, but Schultz points out that Greenspan could have had an enormous effect on the Iraq debate had he made this statement before the invasion.

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