Alan Greenspan on Bush and the GOP: “They swapped principle for power. They ended up with neither. They deserved to lose”

The NY Times has a new article on Alan Greenspan’s new book in which he slams the Bush administration:

Mr. Bush, he writes, was never willing to contain spending or veto bills that drove the country into deeper and deeper deficits, as Congress abandoned rules that required that the cost of tax cuts be offset by savings elsewhere. “The Republicans in Congress lost their way,” wrote Mr. Greenspan, a self-described “libertarian Republican.”

“They swapped principle for power. They ended up with neither. They deserved to lose” in the 2006 election, when they lost control of both the House and Senate.



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