Greenspan Unplugged.

At the recent IMF meeting, AG opined to his French counterpart that the U.S. has "lost control" over it's budget defecit. Well Duh! What did he think would happen with the Bush tax cuts. I cannot believe the irony. Furthermore, he hinted to the Frenchie that "interest rates will rise a little" for the remainder of his tenure. This is the guy who plunged interest rates to nothing to bail out the Money Guys, and now he laments. By the time the poop hits the fan, he will have exited stage left leaving the rest of us to get through this debacle. I guess even Greenspan doesn't have any more tricks up his sleeve.

CleanUpMyMess