Federal Reserve System has scarified Bush’s financial policy
US Federal Reserve chairman Alan Greenspan has condemned a policy of the US President Georges Bush in the field of a finance administration.
In his new book Alan Greenspen criticizes Bush for unsatisfactory conducting of financial affairs that has led to increase in budgetary deficiency of the country. Greenspen says that his greatest disappointment the unwillingness of the president of the USA began to resist to uncontrolled budgetary expenditure.
According to his words Republicans in the Congress of the country have descended from a true way, they have changed the principles for an opportunity to be at authority, they have achieved nothing, and they have deserved defeat.
In 2001, when Bush became the US President the country has had proficiency of the budget. All the next years the budget was in “minus”, and in 2004 budget deficiency has reached its critical - 413 billion dollars.
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