This statement as well as many others in recent days are in advance of the publication on Monday of Greenspan's memoirs in a new 500 page "The Age of Turbulence: Adventures in a New World,"

Quotes from the book:

Critical of President Bush for pursuing an economic agenda driven by politics rather than sound policy, with little concern for future consequences.

"The Bush administration turned out to be very different from the reincarnation of the Ford administration that I had imagined. Now, the political operation was far more dominant,"

In 2001 testimony before Congress, Greenspan was widely interpreted to have endorsed Bush's proposed tax cuts. In the book, he characterized his testimony as politically careless and said his words were misinterpreted.

Richard Nixon and Bill Clinton were the most intelligent, he wrote, while he found Ford the most normal and likable. Ronald Reagan was the most devoted to free markets, though his grasp of economics "wasn't very deep or sophisticated."

"The Republicans in Congress lost their way. They swapped principle for power. They ended up with neither. They deserved to lose,"

"I was soon to see my old friends veer off in unexpected directions,"

When Bush brought one-time Ford aides Cheney — whom Greenspan describes as having a "sphinx like calm" — and Donald Rumsfeld, back to Washington, the Fed chairman saw a "golden opportunity to advance the ideals of effective, fiscally conservative government and free markets."

The book is available from Amazon.com for $23 (34% discount)

By John York

Comments

Pro Democracy in America. 18 Sep 07, 12:47	When wil Bush´s face show in $1 US Dollar bills? I want to get a bunch of those $1 dollar bills so I can wipe my ass and give Bush the honor so his face is smeared with something cleaner than his policies, his lies, and his supposedly "hidden policies" of espionage, secret gulags, and dictatorship intentions...
Dave 19 Sep 07, 06:04	Just more Greenspan lies The truth is zionists like Greenspan have dragged the West into The Middle East conflict, on the back of a series of false flag terror attacks in the West. Thats the truth. Thats why you don't hear it.

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