Daily Kos

New Greenspan Book disses Bush, GOP.

Fri Sep 14, 2007 at 05:34:50 PM PDT

Interesting.

Greenspan has never been seen as extraordinarily partisan, although he generally is assumed to lean wide to the right.  (Some of us think he leans WAY to the right, but that's not conventional wisdom)  So this, on the WSJ pages, is news.

From (I KNOW, how often do you link to these lames) WSJ online :  http://online.wsj.com/...

Some juicy tidbits:

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."

This will not please the Rethugs.  Despite mounting evidence to the contrary, they still point to the economy as a positive.  Drawing fire from their own side on this issue is not good news for them.

Mr. Greenspan writes that when President Bush chose Dick Cheney as vice president and Paul O'Neill as treasury secretary -- both colleagues from the Gerald Ford administration, during which Mr. Greenspan was chairman of the Council of Economic Advisers -- he "indulged in a bit of fantasy" that this would be the government that would have resulted if Mr. Ford hadn't lost to Jimmy Carter in 1976. But Mr. Greenspan discovered that in the Bush White House, the "political operation was far more dominant" than in Mr. Ford's. "Little value was placed on rigorous economic policy debate or the weighing of long-term consequences," he writes.

The White House seems all but immune to criticism from the left, but they cry like schoolgirls when they get fire from the right.  It will be interesting to see how this is received.

Tags: Alan Greenspan, George W. Bush, Paul O'Neill, economics (all tags) :: Previous Tag Versions

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