{"id":1260,"date":"2007-09-16T01:45:34","date_gmt":"2007-09-16T01:45:34","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/breaking-news\/greenspan-attacks-bush-on-economy\/1260\/"},"modified":"2007-09-16T01:45:34","modified_gmt":"2007-09-16T01:45:34","slug":"greenspan-attacks-bush-on-economy","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/latest-news\/greenspan-attacks-bush-on-economy\/","title":{"rendered":"Greenspan attacks Bush on economy"},"content":{"rendered":"

\"Alan The former chairman of the US Federal Reserve Alan Greenspan has said President George W Bush pays too little attention to financial discipline.<\/p>\n

<\/font><\/strong>In a book to be published next week, Mr Greenspan says Mr Bush ignored his advice to veto “out-of-control” bills that sent the US deeper into deficit.<\/p>\n

And Mr Bush’s Republicans deserved to lose control of Congress in last year’s elections, he charges.<\/p>\n

Mr Greenspan, 81, stepped down last year after nearly 19 years in the post. <\/p>\n

In The Age of Turbulence: Adventures in a New World, Mr Greenspan – who has described himself as a “lifelong libertarian Republican” – spares no criticism of the Republican party.<\/p>\n

He writes that he advised the White House to veto some bills to curb “out-of-control” spending at the time Republicans controlled Congress.<\/p>\n

President Bush’s failure to do so “was a major mistake”, he said.<\/p>\n

“Little value was placed on rigorous economic policy debate or the weighing of long-term consequences,” he says of the Bush administration.<\/p>\n

And he charges that Republicans in Congress “swapped principle for power” and “ended up with neither”.<\/p>\n

“They deserved to lose.”<\/p>\n

Mr Greenspan retired in early 2006 after serving under six US presidents – either as Federal Reserve chairman or adviser.<\/p>\n

He now runs a private consulting company – and is an honorary adviser to the UK government.<\/p>\n

http:\/\/news.bbc.co.uk\/1\/hi\/world\/americas\/6996713.stm<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The former chairman of the US Federal Reserve Alan Greenspan has said President George W Bush pays too little attention to financial discipline. In a book to be published next week, Mr Greenspan says Mr Bush ignored his advice to veto “out-of-control” bills that sent the US deeper into deficit. And Mr Bush’s Republicans deserved […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[27],"class_list":{"0":"post-1260","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-latest-news","7":"tag-bush"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/1260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=1260"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/1260\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=1260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=1260"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=1260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}