Cheney says Greenspan is 'off the mark': WSJ

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Source: affp

Cheney says Greenspan is 'off the mark': WSJ

54 minutes ago

WASHINGTON (AFP) - Vice President Dick Cheney wrote in a Wall Street Journal editorial Wednesday that former Federal Reserve chairman Alan Greenspan's criticism of President George W. Bush's economic record was "off the mark."


Greenspan, who during his tenure as Fed chief was famously tight-lipped, accused Bush in a new memoir of abandoning Republican principles on the economy, and slammed his tax cuts and increased spending.

"Greenspan argues that President Bush's economic and budget policies have been fiscally irresponsible. I've known and admired Alan for years, and I believe he was a great chairman of the Federal Reserve Board. But I think his assessment is off the mark," Cheney said in the opinion piece.

"The combined effects of recession and national emergency could have been devastating for America's economy. Yet President Bush's tax cuts-following through on a promise he had made to the voters-resulted in a shallower recession, a faster recovery, and a platform for growth that remains sturdy to this day," Cheney insisted.

Bush himself earlier shrugged off the Greenspan jab telling Fox television "I would say that the record, our fiscal record, is admirable and good."

Read more: http://news.yahoo.com/s/afp/20070919/pl_afp/useconomybank_070919132043;_ylt=AgICFDwwIU55jDVL3D6mtY.s0NUE

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Bush has the taxpayer plastic-----"admirable and good."