More On Greenspan

We had a post this morning on Paul Krugman's commentary on Greenspan's latest pronouncements from some alternate universe. The Bull Moose has also chimed in:

Federal Reserve Chairman Alan Greenspan descended from the heavens this week to inform us lowly earthlings that we face a deficit crisis. Who would have thunk it? But, in his infinite wisdom, the man who knows all told Congress,

"Unless we do something to ameliorate" rising debt levels, he told the House Budget Committee on Wednesday, "we will be in a state of stagnation."

This is from the man who has granted his blessing on the very tax cuts tilted toward the wealthy that has created this debt mess. Perhaps Mr. Greenspan has been residing on Planet Chutzpah!

The Fed Chair has jumped the shark. His tenure as the gray eminence is over, kaput. Maybe, he doesn't receive cable in his part of the universe, but the nation has been at war at the same time the Administration has been on a tax cutting and spending binge.

Like we did, the Moose also makes reference to Greenspan's ties to Ayn Rand.

Now, Starship Commander Greenspan would like to boldly go where no other Fed Chairman has gone before by endorsing a backdoor consumption tax so his wealthy cronies can further shelter their riches. It is very clear that in his dotage, Greenspan is returning to his cultish, objectivist Ayn Rand roots.

Perhaps, he is now lives on Planet Atlas Shrugged.

Update
The Washinton Post has still more on Greenspan this morning.