Alan Greenspan, long-time Fed chairman, long-time Republican economist, has a new book out, highlighted eagerly today with a big headline in the Washington Post. The Post unsurprisingly emphasizes his criticisms of President Bush and Congressional Republicans. To wit: "...he expresses deep disappointment with Bush. "My biggest frustration remained the president's unwillingness to wield his veto against out-of-control spending," Greenspan writes. "Not exercising the veto power became a hallmark of the Bush presidency. . . . To my mind, Bush's collaborate-don't-confront approach was a major mistake."
So this is big news? Many Republicans and conservatives have been saying exactly this, that this was perhaps the major mistake made by the national Republican leadership, for months. I'm glad Chairman Greenspan finally saw fit to join the parade. If the Post's editors think Greenspan's critique was, er, unique, they are (again) confused, as usual.
