Wednesday, January 14, 2004

Greenspan Exposed.

In the past, this Blog has gone after Alan Greenspan for supporting the Bush tax cuts, support that was instrumental in legitimizing them. Now it appears that Greenspan himself did not believe the tax cuts were a good idea. In 2001, according to Ron Suskind's new book, Greenspan said "Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view."

Hmmm. Alan, you know who could help make it the consensus view? Oh I don't know, perhaps the most respected economic policy maker in the country. Or not. But whatever, your a good Randian after all and if the tax cut ends us screwing the poor, busting the budget and shooting the economy full of holes, the weak will be crushed in accoradance with Almighty Market's wishes and thing will be as they should.

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