Sunday, August 08, 2010

Uncle Alan’s shot at redemption


Former Federal Reserve chief Alan Greenspan, who considers himself a lifelong Republican libertarian, wants all the tax cuts passed in 2001 and 2003 repealed, reports The New York Times. His position is contrary to the Republican stance in the discussion on this issue, currently among the most heated in Washington, D.C., and goes even further than that of the White House, which calls for keeping tax rates steady for all but the wealthiest Americans.

Uncle Alan is still a clouty guy:

But while Greenspan's reputation has been tarnished, with the Fed failing to restrain the runaway subprime mortgage lending that contributed to the financial crisis, the former Fed chief is still highly respected, and his opinion will carry significant weight in Congress' upcoming debate on whether to extend the tax cuts.

Now, he just an apostate to King.

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