Saturday, September 15, 2007

Somehow, We Suspected This All Along.....

Alan Greenspan, husband of NBC Correspondent Andrea Mitchell, has always been one of our heroes. A straight shooter, he was the chair of the Federal Reserve for 18 years.

Now, he has shaken the White House by declaring that the prime motive for the war in Iraq was oil.

In his long-awaited memoir, to be published tomorrow, Greenspan, a Republican whose 18-year tenure as head of the US Federal Reserve was widely admired, will also deliver a stinging critique of President George W Bush’s economic policies.

However, it is his view on the motive for the 2003 Iraq invasion that is likely to provoke the most controversy. “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil,” he says.

Greenspan, 81, is understood to believe that Saddam Hussein posed a threat to the security of oil supplies in the Middle East.

Britain and America have always insisted the war had nothing to do with oil. Bush said the aim was to disarm Iraq of weapons of mass destruction and end Saddam’s support for terrorism.
The UK Times on line has the story here.

1 comment:

Sheila said...

I could never understand how the Republicans could justify such huge deficits since it seemed to be against everything they say they stood for. At least now, I know a smart money man agreed with me.