Truemors
The Bush administration this morning is on the defensive after this shocking revelation from the former head of the American Federal Reserve Bank. In an interview about his new book, Mr. Alan Greenspan admitted that the Iraq invasion was basically a war for oil. While he offers an out to the administration, the bottom line was, "Saddam was bad for business, period."
- The Angryindian
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Greenspan: Ouster Of Hussein Crucial For Oil Security - washingtonpost.com: "Alan Greenspan, the former Federal Reserve chairman, said in an interview that the removal of Saddam Hussein had been 'essential' to secure world oil supplies, a point he emphasized to the White House in private conversations before the 2003 invasion of Iraq. Greenspan, who was the country's top voice on monetary policy at the time Bush decided to go to war in Iraq, has refrained from extensive public comment on it until now, but he made the striking comment in a new memoir out today that 'the Iraq War is largely about oil.' In the interview, he clarified that sentence in his 531-page book, saying that while securing global oil supplies was 'not the administration's motive,' he had presented the White House with the case for why removing Hussein was important for the global economy."
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