It looks like a few of my friends are up for the prognosticator of the new millenium award. How does it feel to be at once a conspiracy theorist and a prophet? Don’t rest on your laurels though friends, I am still gunning for that award (wink, not really- I am just interested in saving souls). Do call me though- I am trying to save enough money to go back to school and could use a tip on the over/under for the OU Texas game.
Greenspan clarifies Iraq war, oil link
Says he told White House ousting Saddam was ‘essential’ to world supplies
Greenspan, who wrote in his memoir that “the Iraq War is largely about oil,” said in a Washington Post interview that while securing global oil supplies was “not the administration’s motive,” he had presented the White House before the 2003 invasion with the case for why removing the then-Iraqi leader was important for the global economy.
“I was not saying that that’s the administration’s motive,” Greenspan said in the interview conducted on Saturday. “I’m just saying that if somebody asked me, ’Are we fortunate in taking out Saddam?’ I would say it was essential.”
Economic motivation for war
In The Washington Post interview, Greenspan said at the time of the invasion he believed like President George W. Bush that Iraq had weapons of mass destruction “because Saddam was acting so guiltily trying to protect something.”
But Greenspan’s main support for Saddam’s ouster was economically motivated, the Post reported.
“My view is that Saddam, looking over his 30-year history, very clearly was giving evidence of moving towards controlling the Straits of Hormuz, where there are 17, 18, 19 million barrels a day” passing through,” Greenspan said.
Even a small disruption could drive oil prices as high as $120 a barrel and would mean “chaos” to the global economy, Greenspan told the newspaper.
Given that, “I’m saying taking Saddam out was essential,” he said. But he added he was not implying the war was an oil grab, the Post said.
Dismay with Democrats
Greenspan, who in his memoir criticized Bush and congressional Republicans for abandoning fiscal discipline and putting politics ahead of sound economics, also expressed dismay with the Democratic Party in an interview with The Wall Street Journal published on Monday.
Greenspan told the Journal he was “fairly close” to former President Bill Clinton’s economic advisers, but added, “The next administration may have the Clinton administration name, but the Democratic Party … has moved … very significantly in the wrong direction.” He cited its populist bent, especially its skepticism of free trade. Clinton’s wife, Sen. Hillary Clinton, is the Democratic presidential front-runner.
Greenspan, a self-described libertarian Republican, told the Journal he was not sure how he would vote in the 2008 election.
“I just may not vote,” he was quoted as saying, adding, ”I’m saddened by the whole political process.”
(saddenned… this sounds like a few more people I know. )
James 5 (Amplified Bible)
Amplified Bible (AMP)
James 5
1COME NOW, you rich [people], weep aloud and lament over the miseries (the woes) that are surely coming upon you.
2Your abundant wealth has rotted and is ruined, and your [many] garments have become moth-eaten.
3Your gold and silver are completely rusted through, and their rust will be testimony against you and it will devour your flesh as if it were fire. You have heaped together treasure for the last days.
4[But] look! [Here are] the wages that you have withheld by fraud from the laborers who have reaped your fields, crying out [for vengeance]; and the cries of the harvesters have come to the ears of the Lord of hosts.
5[Here] on earth you have abandoned yourselves to soft (prodigal) living and to [the pleasures of] self-indulgence and self-gratification. You have fattened your hearts in a day of slaughter.
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