Eleanor Clift Castigates Alan Greenspan for Giving “Green Light” to Tax Cuts

February 5th, 2006 12:15 AM
Newsweek

's Eleanor Clift leveled a parting shot at retiring Federal Reserve Board Chairman Alan Greenspan, condemning him for putting his imprimatur on President Bush's tax cuts. On this weekend's edition of the McLaughlin Group, Clift warned: “I don't think the legacy of Alan Greenspan is finished because the bill hasn't yet come due for those tax cuts at the high end that he gave the green light to and testified on Capitol Hill that we had such a big surplus, that the surplus was worrisome. That was not based on fact. That was based on fiction." She later fretted that the “tax cuts would not have gone through if Alan Greenspan had not blessed them.” As for Greenspan's successor, Ben Bernanke, Clift damned him with feint praise: “He's not an outright ideologue, he's not a supply-sider. This appointment could have been a lot worse.”