"The blame for the current recession that began in 2001 should not be placed on the failed policies of the Bush Administration.  Instead, that dubious honor should go to that liberal economist Paul Krugman and his bad attitude.

In fact, we should refer to this sluggish period as the Krugman Recession," Greenspan said in remarks during an appearance before a Senate panel as part of his twice-a-year report to Congress on monetary policy.