Nobel laureate economist Joseph Stiglitz is interviewed in the upcoming issue of 'profil magazine.' 'Profil' is an Austrian publication.
In the interview Stiglitz points the finger of blame for the US and world recession on George Bush and retired Fed Chairman Alan Greenspan.
Expect to see parts of the interview quoted throughout the progressive media this coming week.
Reuters: Greenspan, Bush to blame for U.S. crisis: Stiglitz
"This man (Greenspan) has unfortunately made a lot of mistakes ..."
"His first one was to support all the tax cuts which were introduced under Bush -- they didn't stimulate the economy very much ..."
"I reproach them (the Bush administration), that the economy was not as resilient as it could have been due to the ongoing tax cuts and the huge costs incurred by the war in Iraq ..."
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