Krugman discusses O'Neill's revelations.

I've already made several entries on the many revelations contained in former Treasury Secretary Paul O'Neill's recently published insider account of machinations inside the Bush administration. NY Times columnist Paul Krugman further reviews it today, The Awful Truth, an interesting discussion, which stresses the point that this criticism doesn't come from any "crazed leftie", or even a Democrat, but from a long-time corporate insider, a former CEO of Alcoa Corp., and a long-time Republican who has served in three Republican adminstrations.

I won't quote it since it's worth reading in full, but I have to note the part where O'Neill reveals that FED Chairman Alan Greenspan himself admitted back in 2001 that Bush's tax cuts constituted ""irresponsible fiscal policy." At a time when critics of them were being reviled and ridiculed. Since Greenspan is Wall Street's "Golden Boy" perhaps this will cause at least a few folks to think twice about continuing to support this administration.

My other posts on the subject are here, here and here.

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