Chan Lowe: Snoozin' through a crisis
It’s the financial stigma Republicans won’t talk about, and average Americans won’t remember because it happened before last week.
It was the golden son, George W. Bush, who inherited a humming economy and a surplus from his predecessor. Thanks to his bumbling, and that of the two houses of Congress his party owned for six years⎯we squandered our wealth and undercut our revenue base to the point where yahoos elected in a reactionary wave to the appalling spending spree now threaten to ruin the reputation of the country we all love. The only silver lining to the crash having happened in late 2008 is that there is no way it can be blamed on his successor⎯President Obama’s detractors have to content themselves with attacking him for cleaning up the mess too slowly, and (horrors!) for spending more money in the process.
Meanwhile, President Mission Accomplished slumbers on, enjoying the undisturbed, dreamless sleep of the benighted.