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Bush Did It! Bush Didn’t Do It!


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National Review:

During the 2008 campaign Barack Obama ran more against lame-duck President Bush than against his Republican opponent, John McCain. The campaign is now long over, and yet President Obama still seems haunted by the ghost of his predecessor. Last week, for example, he was railing at the Bush phantom, whom he blamed for his received economic mess. In the world of Barack Obama everything he inherited was someone else’s fault — unless he believes past policies offer him some advantage and thus are to be claimed as entirely his own.

The stock market is sliding. Gas and food prices are soaring. The housing market is as bad as it has been for the last three years. Unemployment is back over 9 percent. Economic growth is anemic. The national debt has risen $5 trillion in just three years. This year’s $1.6 trillion budget deficit is not stimulating anything but uncertainty and despair. Medicare and Social Security are not sustainable at present rates of payouts. Record numbers of Americans draw food stamps and unemployment insurance. An unpopular Obamacare has not even been implemented yet, and the administration has already granted 1,400 exemptions from it.

In other words, much as Jimmy Carter took the hard times of 1975–76 and turned them into the mess of high interest, high inflation, high unemployment, and high gas prices — while blaming the American people for their malaise — so too Barack Obama has made almost everything worse and is getting angrier at other people and events (the European meltdown, the Japanese tsunami, the Middle Eastern unrest) in the process.

The administration’s massive borrowing, new regulations, promised higher taxes, opposition to new oil leases and pipelines, takeovers (from GM and Chrysler to health care), and rhetorical assault on the successful in private enterprise have turned a bottoming-out recession into a near-permanent slump. Those with capital do not want to invest in new workers or equipment because they believe the president does not like them, in the sense that he will raise taxes to take away their hard-won profits, or will impose some sort of new regulation — like Obamacare or prohibitions against opening factories in right-to-work states — to make profits impossible. The result is that they have been for two years largely sitting out this “recovery,” as the economic witch-doctors — Peter Orszag, Christina Romer, Larry Summers — come and go.snip
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Rule #1 George W Bush is responsible for all that is wrong in the world


Rule #2 In the (highly unlikely) event George W Bush is not responsible for some bad thing.....see Rule #1

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