At Last! Republican Acknowledges Iraq War is About Oil Not Terrorism!
The respected Republican Federal Reserve chief Alan Greenspan has thrown a fatal blow at the lame duck White House by stating that the prime motive for the war in Iraq was oil, not terrorism or retaliation for 9/11.
In his memoir, Greenspan, an old school Republican who had an 18-year run as head of the US Federal Reserve, will share his criticism of President George W Bush’s economic policies.
The Times Online reports that it is his opinion for the 2003 Iraq invasion that is going to get the lion’s share of press.
“I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil,” he says in his memoir.
Greenspan, 81, states in his book it was the belief that Saddam Hussein posed a threat to the security of oil supplies in the Middle East. Click here to read the rest of the Greenspan story.
The White House immediately reacted sending Secretary of Defense Gates to visit Sunday political interview shows. As he spoke, one could watch his credibility crumbling. Alan Greenspan, a Regan Republican, enjoys enormous credibility for his role in guiding the American economy over the past 18 years. Now retired, he has no political ax to grind and can say it like it is. Gates on the other hand must scramble to “spin, weave and distort” propaganda to support the White House’s theories of global politics. Click here to read about Gates and the Sunday interview programs.