Greenspan jumps the shark 
Bull Moose:
| |
Federal Reserve Chairman Alan Greenspan descended from the heavens this week to inform us lowly earthlings that we face a deficit crisis. Who would have thunk it? But, in his infinite wisdom, the man who knows all told Congress, |
| |
“Unless we do something to ameliorate” rising debt levels, he told the House Budget Committee on Wednesday, “we will be in a state of stagnation.” |
| |
This is from the man who has granted his blessing on the very tax cuts tilted toward the wealthy that has created this debt mess. Perhaps Mr. Greenspan has been residing on Planet Chutzpah! |
| |
The Fed Chair has jumped the shark. His tenure as the gray eminence is over, kaput. Maybe, he doesn’t receive cable in his part of the universe, but the nation has been at war at the same time the Administration has been on a tax cutting and spending binge.
|
I would have dated the shark-jumping to his benediction of the tax cuts in Bush’s first year in office.
British Spin is back
Here’s the best news of the week, in terms of UK politics.
Since the anonymous author is reticent about his RSS feed, you can find it here.