Saturday, September 15, 2007

Alan Greenspan lets loose

Alan Greenspan lets loose:

In a withering critique of his fellow Republicans, former Federal Reserve Chairman Alan Greenspan says in his memoir that the party to which he has belonged all his life deserved to lose power last year for forsaking its small-government principles.


Mr. Greenspan, who calls himself a "lifelong libertarian Republican," writes that he advised the White House to veto some bills to curb "out-of-control" spending while the Republicans controlled Congress. He says President Bush's failure to do so "was a major mistake." Republicans in Congress, he writes, "swapped principle for power. They ended up with neither. They deserved to lose."
Yes indeed.

UPDATE: Digby has a nice post on the subject, including this little tidbit:
I'm most interested in his take on the various presidents he worked with. For instance:

he believes that "Richard Nixon and Bill Clinton were the most intelligent, he wrote, while he found Ford the most normal and likeable. Ronald Reagan was the most devoted to free markets, though his grasp of economics "wasn't very deep or sophisticated."

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