Former Federal Reserve Chairman Alan Greenspan’s memoir comes out today. Though he mostly writes about economics—and his economic disagreements with the Bush Administration’s wonton spending, the most controversial sentence in the book is about Iraq. Greenspan writes: “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.” (Read Bob Woodward’s book review here.)
Reporter Bob Woodward interviewed Greenspan again in today’s Washington Post to give Greenspan a chance to “clarify” what he meant, because the above quote has caused a freak out. If you don’t feel like reading the entire interview, allow me to paraphrase: “Hey, I say it’s about oil, and I said it’s about oil to everyone I spoke to in the Administration in the run-up to the war. Including Bush and Cheney. But Bush and Cheney may not have said those exact words in front of me.”
Okay, Alan, you’re covered. Sort of.