The Maestro is a Hack
Alan Greenspan is a GOP Puppet
It seems clear by now that Alan Greenspan is as partisan as anyone else, but unfortunately he is treated by the press as some sort of demi-God. Which is really unfortunate, especially because his advice recently has been fairly bad, but has gone largely uncrticized. He doesn't see a pressing need to rein in the deficit or balance the budget (balanced budgets were a cornerstone of 1990's prosperity) or for the government to try to stimulate the economy with fiscal policy, which seems like a mistake because the Federal Reserve has been lowering intrest rates for more than a year, before the recession was even underway, but the economy has failed to respond. It seems like the adivce is a) designed to protect the image of the federal reserve as the command center of the economy and b) protect the GOP.