Interesting exchange on the Senate floor yesterday.
Alan Greenspan and Sen. Hillary Rodham Clinton clashed briefly Tuesday over rosy surplus forecasts the Federal Reserve chairman relied on to support President Bush’s 2001 tax cuts, estimates that turned out to be considerably off the mark.
"It turns out that we were all wrong," Greenspan conceded at a Senate hearing.
"Just for the record, we were not all wrong, but many people were wrong," Clinton, D-N.Y., quickly shot back.
Bravo. It was Republicans and Bush and Greenspan who were wrong. Greenspan is a hack like the rest of the Bush administration and congressional Republicans, and it’s good to see more Democrats start pointing it out.