Hacking at Greenspan

I don't think Alan Greenspan's job performance is unimpeachable. My knowledge of economics is very limited, actually nonexistent, so I'll try not to opine too much on this. I think however that it is at least suspect that Greenspan has been very lenient with the policies of the administration until that testimony a couple of weeks ago. For years people have been saying that the deficit would eventually become insupportable, I find it hard to believe that Greenspan wasn't even close to that pedestrian prescience.

But still, Harry Reid calling him "one of the biggest political hacks we have here in Washington" is just bad politics and takes attention away from the issue. By the time Reid apologizes due to Republican pressure, nobody's going to remember why this whole thing started in the first place. They're only going to remember that Reid acted like an asshole and then gave in to Republican demands.

UPDATED TO ADD: A very good post about Greenspan on Bull Moose.