Greenspan Sez Bush’s Mismanagement of Energy Issues Is a Tax Increase

From Holden:

I’m paraphrasing, of course:

U.S. Federal Reserve Chairman Alan Greenspan on Friday said increased oil prices already had made a “notable” impact on U.S. gross domestic product.

“So far this year, the rise in the value of imported oil — essentially a tax on U.S. residents — has amounted to about 3/4 percent of GDP,” said Greenspan.