Tuesday, January 20, 2009

The audacity of right-wing hope

The Wall Street Journal actually had an editorial today suggesting Obama should govern like Reagan. Tax cuts, deregulation, yada yada yada. Talk about audacity.

Can we revisit this for a moment? Reagan abandoned fiscal responsibility at the first blush of recession. He spend more and borrowed more than any other president in history, and set the stage for the Bushes who followed to do the same. He left with an overheated economy (read:bubble) about to pop and a savings and loan crisis waiting in the wind.

He got out of town just in time that his veep, the one-term Bush, took the blame.

In fact, it's exactly like this Bush leaves office, except that the mess is banks and not S&Ls, and the dollars are much bigger. And for six of eight years, there was was no democratic congress to blame.

We've seen how conservatives and Republicans govern for 28 years now. What a mess. Obama should govern in a very different direction.

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