Greenspan, Iraq & Oil

Greenspan, Iraq & Oil

For the last few years, the Beltway punditocracy and think-tank-ocracy have blasted antiwar protesters for their "No Blood for Oil" banners, buttons and signs. Simplistic, if not utterly simpleminded, they rail. Will those who’ve policed what is permissible in our debates about the reasons why Bush & Co. launched this disastrous war now target their venomous attacks on former Federal Reserve Chair Alan Greenspan? They now have reason to–but don’t hold your breath. According to Bob Woodward’s Washington Post cover story about Greenspan’s forthcoming memoir, to be published this Monday, the former Fed Chair writes: " I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil."

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For the last few years, the Beltway punditocracy and think-tank-ocracy have blasted antiwar protesters for their "No Blood for Oil" banners, buttons and signs. Simplistic, if not utterly simpleminded, they rail. Will those who’ve policed what is permissible in our debates about the reasons why Bush & Co. launched this disastrous war now target their venomous attacks on former Federal Reserve Chair Alan Greenspan? They now have reason to–but don’t hold your breath. According to Bob Woodward’s Washington Post cover story about Greenspan’s forthcoming memoir, to be published this Monday, the former Fed Chair writes: " I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil."

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