Monday, September 17, 2007

Newsbreaks 9.17.07 (Greenspan's book)

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Alan Greenspan is a lot like Henry Kissinger; both men got famous while in jobs that, if you’re doing them right, shouldn’t make you famous.

But among a certain crowd—old white guys—the cult of Greenspan is second only to the cult of Warren Buffett. If either one of them could also win the Super Bowl, they’d become Dictator-for-Life.

Now Greenspan has written a memoir, where he supposedly sets the record straight about his 20 years leading the Fed. Greenspan’s got what I like to call “Gore’s disease”: the only appropriate time to speak your mind is after you’ve relinquished all power and influence. Anything else is just rude.

The book’s first bombshell is Greenspan’s admission that our war in Iraq is really about oil. The second bombshell is anybody who doesn’t realize this already, won’t believe Greenspan, either.

The book also talks about other facets of Greenspan’s life—for example, his years as a jazz musician. So that’s why he kept interest rates so low for so long—he was on the nod.

Let’s face it: Greenspan’s book will be a lot more talked about than read. After all, nobody really wants to know what Andrea Mitchell likes in bed. On the other hand, now you know what to get Gramps for Christmas.

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Posted on 4:55 PM

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    3 comments For This Post I'd Love to Hear Yours!

    rob payne     says:
    September 17, 2007 at 10:35 PM

    Hey, another great one Mike. I was just listening to Greenspan’s jazz album “Greenspan Plays the Greens” and he really has a feel for the 12 bar greens. My favorite is “Thriving on the Greens” but I also liked “Greens for Alice.” On the back of the album he says he learned to play the greens from an old greens musician from New Orleans back in the day. Man, you sure pegged Al Gore, no mercy but true.


    Anonymous     says:
    September 18, 2007 at 6:21 AM

    Too right about Greenspan's sudden conversion on tax cuts. But way off base to call this 'Al Gore' disease. Al Gore has always spoken his mind. Remember? That's one reason why his 2000 election numbers were low enough to be overturned by the Supremes. And everything he did ever say was twisted out of context by rightwingnuts.

    I think the person you're really thinking of would be Colin 'I really sorry about lying to the UN six years ago' Powell. Everybody wants to clear their name and disassociate from the BushCo administration, but Powell's attempt is the most belated and ludicrous to date.


    Dirk     says:
    September 18, 2007 at 9:23 AM

    I like this mother! Very nice.


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