[kurthr]

I think a legitimate question is whether there was political motivation to inflate W's economy, and whether he should have known the consequences.

From wikipedia (and Barrons):

His dissertation is not available from the university[17] since it was removed at Greenspan's request in 1987, when he became Chairman of the Federal Reserve Board. In April 2008, however, Barron's obtained a copy and notes that it includes "a discussion of soaring housing prices and their effect on consumer spending; it even anticipates a bursting housing bubble".[18]

[hindsightbias]

2002:

> To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.

https://www.nytimes.com/2002/08/02/opinion/dubya-s-double-di...