Perhaps, the greatest failure of the Bush Administration began when George W. Bush enjoyed his greatest popularity.
In the immediate aftermath of 9/11 as the president proposed increasing defense spending to beef up our national security at home and defeat Al Qaeda in Afghanistan, he failed to hold the line on domestic spending.Â At that time, given his popularity and the mood of the country, he could more easily have pushed budget cuts through Congress.Â But, he acted as if there were no need to make any trade-offs, that the federal government had an unending supply of ready money to fund all federal programs.
Now, we’ve got Barack Obama making a vast array of promises for higher levels federal spending, at a time when the financial bailout increases the deficit to to unprecedented highs.Â Just like Bush, he refuses to identify any trade-offs.Â According to CBS News, “Very few independent economists believe [Obama] has identified the savings needed to offset his remarkable list of tax credits, tax cuts and spending pledges.“Â (Read the whole thing.)
Just as Obama has failed to identify the savings he needed to pay for his plans, so too did President Bush fail to offer any savings when he stood up to the threat of terrorism in the wake of the 9/11 attacks.
At last Bush’s policies had the effect of preventing a subsequent attack on the US.Â Obama’s are likely to prolong the recession.