Washington and Wall Street are all atwitter over Alan Greenspan’s new book, The Age of Turbulence. Of course, the mainstream media are headlining Greenspan’s criticism of President Bush and the Republican Congress. Hastert and Company spent way too much and Mr. Bush failed to use his veto pen. Who can argue with that? Supply-siders and all conservatives have made this point.

But Greenspan points a finger at today’s Democrats as well. Greg Ip’s Wall Street Journal article, ’Greenspan’s Dismay Extends Both Ways,’ makes this case.

In an interview with the WSJ, Greenspan remarked that ‘The Clinton administration was a pretty centrist party. ‘