16 September 2007

Greenspan May Have Cojones

But then again, he may not. Actually, Alan Greenspan has absolutely nothing to lose now that he's safely retired and on the speaking circuit. This will be popular with the mainstream masses, but, needless to say, we won't be buying his book. Just remember, we've been saying this Iraq debacle is exclusively about the oil for almost a year and a half (would be longer if we'd bothered getting TRB on-line before then).

Alan Greenspan claims Iraq war was really for oil
Graham Paterson

AMERICA’s elder statesman of finance, Alan Greenspan, has shaken the White House by declaring that the prime motive for the war in Iraq was oil.

In his long-awaited memoir, to be published tomorrow, Greenspan, a Republican whose 18-year tenure as head of the US Federal Reserve was widely admired, will also deliver a stinging critique of President George W Bush’s economic policies.

However, it is his view on the motive for the 2003 Iraq invasion that is likely to provoke the most controversy. “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil,” he says.

Greenspan, 81, is understood to believe that Saddam Hussein posed a threat to the security of oil supplies in the Middle East.
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Britain and America have always insisted the war had nothing to do with oil. Bush said the aim was to disarm Iraq of weapons of mass destruction and end Saddam’s support for terrorism.


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