Greenspan's Johnny-come-lately conversion to Bush critic
For him, now, to say that he somehow didn’t mean it, or that he was, behind the scenes, urging caution, or that he was hoodwinked, is sophistry of the most pathetic kind. He was not economically naive. He had the skills not to be taken in. If he was taken in, he was taken in because he wanted to be taken in. And right up to 2004 he can be seen, having not learned his lesson, even as Bush had vetoed no spending bills at all, still using his reputation to try and help push through Bush administration policies.
There have been a lot of people writing books and articles of late, in which they throw Bush over the bus in an attempt to save their reputation. (Colin Powell, are you listening?) In almost every case, they did nothing when they had the power; had the influence; had the opportunity to actually made a difference.
Greenspan is nothing but another rat fleeing the sinking S.S. Bush in an attempt to save his reputation for posterity. He doesn’t deserve space on the life raft. Men like Treasury Secretary O’Neill, who wrote their books while it still mattered, when it still took guts, when it might have made a difference; they deserve a hand up. Greenspan deserves to go down with the ship.