TNR also has a defense of Harry Reid’s comment about Greenspan’s being a “political hack.” Its editors write: “Greenspan has also made a career of using his prestige to shill for Republican policies.” He supported Reagan’s budget plans in 1980, and the current president’s tax cuts in 2001. Missing in TNR’s account is Greenspan’s support for President Clinton’s tax hike in 1993, perhaps because it would complicate the picture.

About the Author
Ramesh Ponnuru is the editor of National Review, a columnist for the Washington Post, and a fellow at the American Enterprise Institute.
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