Sort of reiterating a point I made two-and-one-half years ago, Glenn Reynolds observed yesterday that as lefties are now worried about the coming Obama betrayal, “righties have been blaming Bush that way for years, so I guess it’s only fair that it’s someone else’s turn now . . . .”
Just another reminder that while so many in the media blame the current economic mess on conservative policies, the outgoing incumbent president failed to implement many conservative reforms.Â Yeah, he passed tax cuts and those seem to have helped us get out of the recessions left by his predecessor and magnified by 9/11, but he didn’t offer corresponding cuts in federal spending or effect any serious deregulation of the economy.
Since there was no conservative reform of the financial markets these past eight years, conservative policies cannot be responsible for their failure.
His successes see to lie in the areas where he was most conservative:Â standing up to threats abroad and protecting us at home.