THE BUSH
TAX CUTS
&
Back in the eighties
Chair, Federal Reserve, 1987-2006
Greenspan was for the Bush tax cuts before he was against them. On the one hand, he was for them when George W. Bush proposed them, giving the president cover from his perch as Chair of the Federal Reserve Board. On the other hand, he is against them now, out of office, because, he says, the deficit scares him.
It is said that Harry Truman wished for a one-handed economist, so he could not be told, "On the one hand..., but on the other hand," when seeking economic advice. Some sources credit this wish instead to Truman's eventual Democratic successor, Lyndon Johnson.
More GREENSPAN here
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