Alan Greenspan documents the abandonment of fiscal restraint by the Republican Party leadership

Alan Greenspan, the former Federal Reserve Chairman who served as the leading economist of our once-respected Republican Party for 3 decades, has capped his service in his book, The Age of Turbulence. He documents the fact that President George W. Bush, and the entire GOP under the leadership of his cabal, completely abandoned the "conservative principle" of fiscal restraint. He expressly honors President Clinton for his intelligence, principles, and antideficit policies.

According to Bob Woodward (Washington Post), Greenspan has repeatedly expressed deep disappointment with the Bush-Cheney-Rowe Administration and its out-of-control spending. Greenspan frankly viewed the 2000 election "as a golden opportunity", with the GOP in control of the Courts, Congress, the Presidency and the Media. Like the rest of us who feel that the Republican Party was taken over by pirates, he feels betrayed. Like only he could do, however, he has documented the facts of the betrayal -- the occasions missed and miss-steps taken.