Rahmbo's End

[Geee]

Investors Business Daily:

Exits: Having helped bring the Chicago Way to Washington, the White House chief of staff leaves a crisis he helped create to bring the nanny state to the heartland.

On the surface, Rahm Emanuel is leaving to fulfill a personal ambition — to be mayor of Chicago. In reality, he's jumping a sinking ship, and the credentials he brings to a mayoral race in the Windy City may also be his political albatross. He heads for the self-described "city that works" leaving behind a country that doesn't.

Emanuel is famous for saying what has become the mantra of the Obama administration: "You never want a serious crisis to go to waste — and what I mean by that is an opportunity to do things that you didn't think you could do before."

He and his boss would not let the economic crisis generated by government meddling in the housing market through the Community Reinvestment Act and Fannie Mae and Freddie Mac go to waste. After our ship of state began taking water, Rahm helped Obama drill a hole in the other end of the boat to let the water out.

Rahm's accomplishments in the White House include steering passage of the failed trillion-dollar stimulus package that has saved or created no jobs and a health care overhaul that will raise medical costs while leading to de facto health care rationing. He leaves an administration responsible for an economy foundering in unsustainable debt and an unemployment rate near double digits.