The GOP Greenspan Problem

Republicans and their big Greenspan gap
By ROBYN BLUMNER
Published September 30, 2007

Talk about a kick in the teeth. It's one thing to have former Treasury Secretary Paul O'Neill or even former CIA chief George Tenet turn on you once they are out of office; it's quite another to have the Delphic oracle on all things economic, Alan Greenspan, do so. Our president likes to point to the American economy as one of his successes. Despite turning a $5.6-trillion 10-year projected surplus into a $2.4-trillion 10-year projected loss, President Bush boasts that his aggressive tax cutting has led to economic growth and a lower deficit than anticipated. In other words, he's putting less on America's credit card than expected. Goodie. (read the entire article)

Adobe Acrobat copy of Republicans and their big Greenspan gap

---