Greenspan: GOP deserved to lose

Saturday September 15, 2007 | | Permalink | Digg It

From Wall Street Journal

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.

In The Age of Turbulence: Adventures in a New World, published by Penguin Press, Mr. Greenspan criticizes both congressional Republicans and President George W. Bush for abandoning fiscal discipline.

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.”

1. Bryan, 2007-09-19 23:11

Why don’t you post more articles??? Do you allow guest bloggers to post on your site? Why is Chris Crocker so popular???

2. Vaughn D. Taylor (Author Comment), 2007-09-27 16:52

I’ve been in a real crunch with my day job lately, and I haven’t had the time to post. I would like to have guest bloggers. Are you interested?

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