Cheapshot: Alan Greenspan

Reprinted by permission of Ray Abernathy.  Ray's website is available at: http://www.rayabernathy.com

My friend Michael Shoob not long ago co-directed and produced a very cool documentary about Karl Rove called “Bush’s Brain” www.bushsbrain.com based on the book of the same name by James C. Moore and Wayne Slater.  I’m urging Michael to get busy on a sequel, this one about former Fed chair Alan Greenspan.  He should call this one “Bush’s Bubbe,” a Yiddish term of endearment meaning “kindly grandfather.”

After all, it was Bubbe Greenspan who said grace over Bush’s top-heavy tax cuts,  enabling our Dauphin (a French term of endearment meaning “smirky little boy king wannabe”) to drain the federal exchequer (the snooty word the British use instead of  “treasury”) and create a multi-tasking budget deficit that slashed social programs, undermined Social Security, depressed wages, drove up interest rates, whacked away at housing starts, de-created jobs, reduced consumer confidence and spending and beached our economy on the banks of a recession.

In his new book, “The Age of Turbulence,” Greenspan tries to clean up his resume by denouncing Bush for  mismanaging the economy.

What kind of a Bubbe tries to weasel out of responsibility for a dreadful crash (an American word for what follows a recession) after handing the keys to the go-cart to his three-year-old Bubala (a Yiddish term of endearment for “grandbaby”)?

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