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WORLD / Newsmaker
Greenspan clarifies Iraq war, oil link
(Agencies)
Updated: 2007-09-17 17:29
Even a small disruption could drive oil prices as high as $120 a barrel
and would mean "chaos" to the global economy, Greenspan told the
newspaper.
Given that, "I'm saying taking Saddam out was essential," he said. But he
added he was not implying the war was an oil grab, the Post said.
Display?with Democrats
Greenspan, who in his memoir criticized Bush and congressional
Republicans for abandoning fiscal discipline and putting politics ahead
of sound economics, also expressed dismay with the Democratic Party in an
interview with The Wall Street Journal published on Monday.
Greenspan told the Journal he was "fairly close" to former President Bill
Clinton's economic advisers, but added, "The next administration may have
the Clinton administration name, but the Democratic Party ... has moved
... very significantly in the wrong direction." He cited its populist
bent, especially its skepticism of free trade. Clinton's wife, Sen.
Hillary Clinton, is the Democratic presidential front-runner.
Greenspan, a self-described libertarian Republican, told the Journal he
was not sure how he would vote in the 2008 election.
"I just may not vote," he was quoted as saying, adding, "I'm saddened by
the whole political process."
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