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Friday, September 14, 2007

Too little, too late (Republicans are Evil, Part VII)

(The above link is only good for the next 7 days)

Alan Greenspan's memoir apparently criticizes Bush and his administration:

Mr. Greenspan, who calls himself a "lifelong libertarian Republican," writes that he advised the White House to veto some bills to curb "out-of-control" spending while the Republicans controlled Congress. He says President Bush's failure to do so "was a major mistake." Republicans in Congress, he writes, "swapped principle for power. They ended up with neither. They deserved to lose."

But Mr. Greenspan, where were you when you had the power to nip the policy in the bud? I remember when you testified in front of congress saying that Tax Cuts were the preferred way to deal with the coming budget surplus. At that time you had so much respect from Congress that if you had pointed out that the surplus was a result of saving for the baby boomer's retirement the fiscal wreck that was the result of the Bush tax cuts might not have happened. Of course, it would be too much to expect the Wall Street journal to point this out. And I am willing to bet the New York Times won't hold Greenspan's history of abetting the raid of the treasury by the wealthy class up to light, either.

As it is, your comments are too little, too late. I definitely don't trust libertarian Republicans: they have never stood up for the rights of the individual against government intrusion, nor do they stand for fiscal responsibility. By consistently voting for people who shift the burden of taxes away from today's wealthy Americans into future generations, they have given up all their principles in favor of class warfare. And as Warren Buffett says, “There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”

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