The Emperor Greenspan, the little tin god with feet of clay, whose Congressional testimony was cited by Think Progress today, claimed he was “shocked” because his model “was working exceptionally well” for 40 years, adding that the crisis is “broader than anything I could have imagined”
The imaginationless Greenspan sold his soul, lock, stock, and barrel, to George Bush for reappointment to his post as Fed Chair and embraced Dubya's budget busting tax cuts for the rich while casting his silent, asssenting grace upon Dubya's "ownership society" that hurtled the economy down the slippery subprime slope. He helped, through his lack of vision, to strangle the Dot.com revolution by choking off the money supply imagining that there might be inflation around the corner without a thought to the consequences.
The Republican party lies en thrall of a band of small-minded, imaginationless, visionless leadership characterized by Dubya, McCain, Palin, Norquist, Wolfowitz, and many more who can imagine nothing but their rights to riches and power by dint of their birth and unschooled ignorance.
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